Asahi India Glass Q2 Results Live: Profit Rises by 9.9% YOY

Asahi India Glass Q2 Results Live : Asahi India Glass declared their Q2 results on 29 Oct, 2024, showcasing a topline increase of 3.41% year-over-year, alongside a notable profit rise of 9.9%. Compared to the previous quarter, revenue grew by 2.21%, while profit surged by 22.43%.

The company's selling, general, and administrative expenses rose by 5.26% quarter-on-quarter and saw a 7.01% increase year-over-year, indicating rising operational costs amid their growth trajectory.

In terms of operating performance, Asahi India Glass reported an operating income increase of 22.47% quarter-on-quarter and a 15.68% increase year-over-year, reflecting robust operational efficiency.

Earnings per share (EPS) for Q2 stood at ₹3.93, marking a 10.08% increase year-over-year, further demonstrating the company's profitability enhancements.

In the stock market, Asahi India Glass has registered a return of 1.24% in the last week, 16.99% over the past six months, and an impressive 22.07% year-to-date return, indicating strong investor confidence.

Currently, Asahi India Glass has a market capitalization of ₹17,109.88 crore, with a 52-week high of ₹833.95 and a low of ₹501.55, reflecting the stock's volatility and growth potential.

As of 31 Oct, 2024, out of two analysts covering the company, one has given a 'Strong Sell' rating while the other has issued a 'Buy' rating, highlighting a divergence in market sentiment regarding the company's future prospects.