Asahi India Glass witnessed a phenomenal jump in net profits for the quarter ending in March, 2006. During the quarter, the company experienced a 219.44% rise in profits from Rs. 209.59 million to Rs. 669.51 million.
Sales for the quarter rose 0.67% to Rs. 1578.46 million compared with the corresponding quarter, a year ago. Profits have improved due to massive decline in the depreciation for the quarter. Sales on the other hand, remained flat for the quarter.
Operating margins increased to 45.20% during the quarter, a rise of 3216.34 basis points compared with the corresponding quarter. Net Margins, on the other hand, rose from 12.99% to 41.86% during the quarter.
The company`s earnings per share on a trailing twelve month basis is Rs. 5.36. At the closing price of Rs. 88.60 on Friday at the BSE, the company`s shares were valued at 16.53 times earnings on a trailing twelve month basis.
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