Asahi India Glass slides on dismal Q4 numbers

Asahi India Glass fell 4.05% to Rs. 88.95 at 10:04 IST on BSE, after consolidated net profit tumbled 72.9% to Rs. 2.57 crore on 27.1% rise in net sales to Rs. 429.77 crore in Q4 March 2011 over Q4 March 2010.

The company announced the results after market hours on Monday, 16 May 2011.

Meanwhile, the BSE Sensex was up 46.05 points, or 0.23%, to 18,387.50.

On BSE, 9,042 shares were traded in the counter as against average daily volume of 31,048 shares over the past one quarter.

The stock hit a high of Rs. 92 and a low of Rs. 88.55 so far during the day. The stock had hit a 52-week high of Rs. 123.70 on 10 November 2010 and a 52-week low of Rs. 62.30 on 26 May 2010.

The mid-cap stock had underperformed the market over the past one month till 16 May 2011, declining 8.85% compared with the Sensex's 5.37% fall. The stock had outperformed the market in past one quarter, gaining 8.17% as against Sensex's return of 0.24%.

The company has an equity capital of Rs. 15.99 crore. Face value per share is Rs. 1.

Asahi India Glass commissioned production of laminated windshields at its existing plant at Taloja (near Mumbai) in Q4 March 2011.

600450 Asahi India Glass slides on dismal Q4 numbers
Date: 19 May 2011

See more news about:

See more from these topics:

Others also read

Home and office owners are looking to make a style statement with the use of trendy and beautiful materials.
As one of India’s leading glass manufacturer in consumer, architectural and auto glass segments, Asahi India Glass Ltd (AIS) recently felicitated women who have succeeded in the field of architecture.
For architects, facades play a vital role from a design and structural point of view. Facades are usually known to set the tone for the complete glass infrastructure.
For those people who are eco-friendly and believe in energy efficiency, opting for solar control glass or reflective glass can be the best choice! There are many benefits and advantages of using these types of glass.   Buildings and glass have a special relation.
Asahi India Glass Limited (AIS), India’s leading integrated glass company expanded its existing portfolio in the architectural segment with the introduction of a new series under its Ecosense range of high-performance glasses (The Green Standard in Glass).
Windows are the soul of any home. And at their essence, they form the boundary between the outside world and their home inside.

Add new comment