Dolat Capital: Asahi India Glass - Free Cash Flow, Deleveraging Are Top Priorities
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Dolat Capital Report
Asahi India Glass Ltd. printed an impressive earning performance in Q2.
Ebitda grew 13% YoY to Rs 1.2 billion with expanded margin at 19.1% (up 235 basis points YoY) led by lower fuel cost and cost control measures.
Ebit margin for automotive glass expanded by 175 basis points YoY to 14.4% and for architecture glass by 314 basis points YoY to 17.3%.
We expect the company to be a key beneficiary of revival in the volume of automotive and architectural glass segments.
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