News ArticleAsahi India Glass Limited Posts 36.9% Q2FY27 Revenue Growth and 76.4% EBITDA Rise
Robust automotive demand and float glass capacity expansions drive consolidated revenue to ₹1,591 crore and EBITDA to ₹351.4 crore for quarter ended September 30, 2026
Asahi India Glass Limited announced strong unaudited consolidated financial results for Q2 and H1 FY27, posting a 36.9% year-on-year revenue rise to ₹1,591 crore and a 76.4% EBITDA increase to ₹351.4 crore for Q2. The company reported continued growth supported by automotive and float glass segments, with expanded manufacturing capacity and new model launches contributing to performance.
Asahi India Glass Limited
Investor Presentation
Asahi India Glass Limited reported strong unaudited consolidated financial results for the quarter ended September 30, 2026, with total income rising 36.9% year on year to ₹1,591 crore and EBITDA increasing 76.4% to ₹351.4 crore. The automotive glass and float glass segments contributed significantly to revenue growth during Q2 FY27.
The company's half-year total income reached ₹3,010.1 crore, a 25.3% increase compared to the same period last year, while EBITDA for H1 FY27 grew 69.5% to ₹682.0 crore. Profit After Tax (PAT) for Q2 FY27 stood at ₹167.3 crore, marking a 187.5% increase year on year, with margins steady at 10.5%.
Segment-wise, automotive glass revenue rose 30.8% year on year to ₹1,065.9 crore in Q2, driven by strong passenger vehicle demand and the successful stabilization of 12 new car models. Float glass revenue increased 58.4% to ₹608.1 crore, supported by improved product mix and full capacity utilization after prior cold-repair downtime.
The company commissioned phase III tempered glass expansion in Patan and expanded laminated glass capacity at Chennai, aiding operational efficiency and capacity ramp-up. Elevated costs, including energy prices, were mitigated partly by renewable energy sourcing and efficiency improvements.
Chairman & Managing Director Sanjay Labroo commented on the quarter being the company's best-ever financially, attributing growth to the value addition and integration strategy, ongoing investments in manufacturing capacity, technology, and enhanced customer proximity.
Highlights
- 36.9% year-on-year increase in Q2 FY27 consolidated total income to ₹1,591 crore.
- 76.4% growth in EBITDA for Q2 FY27 to ₹351.4 crore, with margins expanding to 22.1%.
- Automotive glass segment revenues grew 30.8% YOY, supported by 12 new model launches.
- Float glass segment posted 58.4% YOY revenue growth aided by better product mix and improved efficiencies.
- Commissioning of Phase III tempered glass expansion at Patan and laminated capacity expansion at Chennai.
- Profit After Tax for Q2 FY27 surged 187.5% to ₹167.3 crore, with PAT margin steady at 10.5%.
Key Data Snapshot
What happened
- Asahi India Glass Limited announced its unaudited consolidated financial results for Q2 and H1 FY27 with significant growth across key financial metrics.
- Total income rose 36.9% year on year to ₹1,591 crore in Q2 FY27 and 25.3% in H1 FY27 to ₹3,010 crore.
- EBITDA increased 76.4% year on year to ₹351.4 crore in Q2 and 69.5% in H1 to ₹682 crore.
- Profit after tax in Q2 FY27 was ₹167.3 crore, a 187.5% rise compared to Q2 FY26.
- Both automotive and float glass segments contributed to the revenue increases.
Key details
- Automotive glass segment revenue increased 30.8% year on year to ₹1,065.9 crore in Q2 FY27.
- Float glass segment revenue grew 58.4% year on year to ₹608.1 crore in Q2 FY27, supported by better product mix and full capacity operation.
- Company commissioned Phase III tempered glass expansion at Patan and expanded laminated capacity at Chennai during Q2 FY27.
- 12 new automotive glass models were stabilized in Q2 FY27.
- EBITDA margins expanded to 22.1% in Q2 FY27 compared to 17.1% in Q2 FY26.
- Profit after tax margin remained steady at 10.5% in Q2 FY27.
Management commentary
- Chairman & Managing Director Sanjay Labroo described Q2 FY27 as the company’s best-ever financial quarter.
- Growth attributed to strategies focused on value addition, integration, and expansion of state-of-the-art manufacturing capacities.
- Acknowledged challenges from inflationary pressures on input and energy costs but highlighted mitigation through renewable energy procurement and efficiency improvements.
- Expressions of confidence in continued growth supported by automotive industry growth, infrastructure development, and uptake of value-added glass products.
- Commitment to reinvest in technology, manufacturing, and indigenous capabilities to improve competitiveness and asset utilization.
Background and context
- Asahi India Glass Limited is a leading integrated glass solutions provider in India, serving approximately 80% of the passenger vehicle glass market and about 26% of the value-added architectural glass market.
- The company operates 15 manufacturing units and 11 advanced warehouses across India with an aggregate float glass manufacturing capacity of 2,150 tonnes per day.
- Its product portfolio includes automotive glazing solutions, architectural glass, and consumer glass solutions.
- The company is promoted by the Labroo family, AGC Inc. (Japan), and Maruti Suzuki India Limited.
Highlights
- 36.9% year-on-year increase in Q2 FY27 consolidated total income to ₹1,591 crore.
- 76.4% growth in EBITDA for Q2 FY27 to ₹351.4 crore, with margins expanding to 22.1%.
- Automotive glass segment revenues grew 30.8% YOY, supported by 12 new model launches.
- Float glass segment posted 58.4% YOY revenue growth aided by better product mix and improved efficiencies.
- Commissioning of Phase III tempered glass expansion at Patan and laminated capacity expansion at Chennai.
- Profit After Tax for Q2 FY27 surged 187.5% to ₹167.3 crore, with PAT margin steady at 10.5%.
Disclosures
- SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015
Promoted by Labroo family, AGC Inc. (Japan), and Maruti Suzuki India Limited
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