Asahi India net dips 89.89%

As a result of last year's heavy flooding in the Western States, Asahi India Glass (AIS) has reported a 89.89 per cent drop in its net profit at Rs 2.47 crore for the quarter ending December 31 as compared to Rs 24.44 crore in the corresponding period last year.

While gross sales for the third quarter clocked Rs 150.21 crore, the figure for the nine-month period ending December 31 was Rs 518 crore.Attributing the fall in the performance to the temporary closing down of the company's float glass plant, Sanjay Labroo, Managing Director and CEO of AIS said, "The flooding and the resultant shut down of our float glass plant at Taloja, impacted AIS's performance during the current quarter also."

600450 Asahi India net dips 89.89% glassonweb.com

See more news about:

Others also read

AIS Swytchglas in offices: Bolstering Privacy & Productivity
Glass has always been a popular addition to offices around the globe, often replacing walls and whiteboards in many spaces.
Asahi India Glass Ltd. launches a new shade under its SunShield range of glasses – AIS SunShield Royal Gold
Give your projects the tint of luxury, and a hint of royalty with AIS Sunshield Royal Gold, the exciting new shade from India's leading heat reflective soft-coat glass.
Asahi India to acquire Timex Group Precision Engineering through JV
The joint venture company, Scopfy Components Pvt. Ltd, will acquire Timex Group Precision Engineering Ltd in cash. The company did not disclose the amount for which it will make the acquisition.
Asahi India Glass Ltd. Launches a Leading Glass Solution Powered By Microsoft Azure
Asahi India Glass Ltd. (AIS), India’s leading integrated glass company, has come up with an exclusive glass solution called the AIS World of Glass- an app that lets users channel their imagination and visualize glass customizations for their home and office.
The Best Glass Type for Your Swimming Pool Glazing
With technological processes, various varieties of glass have been produced that offer unmatchable strength, toughness and durability.
Throwing light on the multi-faceted glass
While the primary function of glass as a building material is to blur boundaries and harness natural light, its diverse implementations in buildings globally, has reiterated its immense potential in being a material that is loved by architects and designers.

Add new comment