Asahi India Glass Limited (AIS), a leading integrated glass company, has reported financial results for the second quarter and half-year ended September 30, 2025, alongside the successful completion of a Rs 1000 crore Qualified Institutions Placement (QIP).

Financial Highlights

For the quarter ended September 30, 2025, AIS reported:

• Consolidated revenue from operations of Rs 115,122.00 lakhs, compared to Rs 115,768.00 lakhs in the same quarter of the previous year
• Net profit of Rs 5,819.00 lakhs, down from Rs 9,454.00 lakhs in Q2 FY2024

For the half-year ended September 30, 2025, AIS recorded:

• Consolidated revenue from operations of Rs 237,996.00 lakhs (vs Rs 229,034.00 lakhs in H1 FY2024)
• Net profit of Rs 11,298.00 lakhs (vs Rs 17,123.00 lakhs in H1 FY2024)

Segment Performance

AIS operates in three main segments:

1. Automotive Glass
2. Float Glass
3. Others

For Q2 FY2026, the segment-wise revenue breakdown was:

Qualified Institutions Placement (QIP)

During the quarter, AIS successfully raised Rs 1000 crore through a QIP, issuing equity shares to qualified institutional buyers. The company plans to utilize the funds as follows:

1. Rs 750.00 crore for prepayment and/or repayment of outstanding borrowings
2. Rs 241.90 crore for general corporate purposes
3. Rs 8.10 crore for fees, commissions, and issue-related expenses

As of September 30, 2025, the company had utilized Rs 251.36 crore of the QIP proceeds, including:

• Rs 58.75 crore for repayment of term loans
• Rs 192.00 crore for working capital debt line repayment
• Rs 0.61 crore for issue-related expenses

The remaining unutilized amount of Rs 748.64 crore has been temporarily invested in fixed deposits and monitoring accounts with various banks.

Balance Sheet Strengthening

The QIP has significantly strengthened AIS's balance sheet. As of September 30, 2025, the company's consolidated net worth stood at Rs 370,258.00 lakhs, up from Rs 264,237.00 lakhs as of March 31, 2025.

Company Outlook

AIS continues to maintain its position in the automotive and architectural glass segments. The company's focus on debt reduction and strengthening its financial position is evident from the utilization of QIP proceeds. This improved financial standing may support future growth and help the company navigate market challenges in the coming quarters.

Asahi India Glass Limited (AIS), a leading glass manufacturer, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025. The company's Board of Directors approved the results in a meeting held on November 5, 2025.

Financial Performance

For the quarter ended September 30, 2025, AIS reported the following consolidated results:

The company's revenue from operations saw a marginal decrease of 0.56% compared to the same quarter last year. However, net profit for the quarter decreased by 38.45% year-over-year.

Segment-wise Performance

AIS operates through three main segments:

1. Automotive Glass
2. Float Glass
3. Others

For Q2 FY2026, the segment-wise revenue (gross) was as follows:

Qualified Institutional Placement (QIP)

During the quarter, Asahi India Glass successfully raised Rs 1,000 crore through the issue and allotment of equity shares to Qualified Institutional Buyers (QIB). This capital raise may strengthen the company's financial position and provide resources for future growth initiatives.

Merger of Subsidiaries

The National Company Law Tribunal, New Delhi Bench, approved the merger of three erstwhile subsidiaries of the company - GX Glass Sales & Services Limited, AIS Distribution Services Limited, and AIS Adhesives Limited - with another subsidiary, AIS Glass Solutions Limited. The merger is effective from April 1, 2023.

Balance Sheet Highlights

As of September 30, 2025, the consolidated balance sheet of Asahi India Glass showed:

The company's total assets increased by 16.38% from March 31, 2025, to September 30, 2025, primarily due to the capital raised through the QIP.

Asahi India Glass continues to navigate the challenging market conditions while focusing on its core segments. The recent QIP and merger of subsidiaries may position the company for potential growth opportunities in the coming quarters.