Dolat Capital: Asahi India Glass - Free Cash Flow, Deleveraging Are Top Priorities 
Employees make preparations for installing the windscreen in a Mahindra & Mahindra Ltd. production line at the company’s facility in Chakan, Maharashtra. (Photographer Udit Kulshrestha/Bloomberg)

Dolat Capital: Asahi India Glass - Free Cash Flow, Deleveraging Are Top Priorities 

BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.

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.

Click on the attachment to read the full report:

Dolat Capital Asahi India Glass Q2FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.