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 

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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.

Click on the attachment to read the full report:

Dolat Capital Asahi India Glass Q2FY21 Result Update.pdf

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