Asahi India Glass reports its best-ever quarterly financial performance, with revenue rising 36.9% to Rs 1,591 crore and EBITDA increasing 76.4%.
Asahi India Glass Limited (AIS) has reported its best-ever quarterly financial performance for Q2 FY2027, with consolidated total income increasing 36.9% year-on-year to Rs 1,591 crore. Profit after tax (PAT) surged 187.5% to Rs 167.3 crore, while EBITDA grew 76.4% to Rs 351.4 crore during the quarter ended September 30, 2026.
The company’s EBITDA margin expanded to 22.1% from 17.1% in the corresponding quarter last year. PAT margin also improved significantly to 10.5%, compared to 5% in Q2 FY2026.
The performance was supported by higher automotive glass volumes, improved float glass realisations and operational efficiencies. However, the company continued to face elevated input and energy costs.
Automotive And Float Glass Businesses Drive Revenue Growth
AIS reported strong growth across its key business segments during the second quarter. Automotive glass revenue increased 30.8% year-on-year to Rs 1,065.9 crore, compared to Rs 814.9 crore in Q2 FY2026.
The company attributed the growth to higher automotive segment volumes, supported by robust passenger vehicle demand. The ongoing premiumisation of the Indian automotive industry also continues to support demand for value-added glazing solutions.
Float glass revenue registered stronger growth of 58.4% to Rs 608.1 crore, against Rs 383.9 crore in the year-ago quarter. Improved product mix and better realisations supported the segment, while the F2 facility operated at full capacity compared to the cold-repair period in the previous year.
Revenue from the Others segment increased 29.8% to Rs 244.3 crore during the quarter.
H1 FY27 Revenue Rises 25.3%
For the first half of FY2027, AIS reported consolidated total income of Rs 3,010.1 crore, registering a 25.3% increase over Rs 2,401.7 crore in H1 FY2026.
EBITDA rose 69.5% to Rs 682 crore from Rs 402.3 crore, while PAT increased 180% to Rs 316.4 crore compared to Rs 113 crore in the corresponding period last year.
The EBITDA margin for H1 FY2027 stood at 22.7%, against 16.8% in the year-ago period. PAT margin improved to 10.5% from 4.7%.
AIS Expands Manufacturing Capacity In Patan And Chennai
During Q2 FY2027, the company stabilised production for 12 new automotive models. It also commissioned Phase III tempered glass operations at its Patan facility and expanded laminated glass manufacturing capacity at its Chennai plant.
The company said the natural ramp-up of these new capacities and the stabilisation of 12 new model launches affected sequential automotive business margins. Inflationary pressure on logistics, manpower and consumables also contributed to the margin impact.
Elevated costs of raw materials and energy remained a challenge during the quarter. AIS partially mitigated the impact of higher energy costs through renewable energy procurement and improved operational efficiencies.
Management Highlights Growth Opportunities
Commenting on the results, Sanjay Labroo, Chairman and Managing Director of AIS, said the company delivered its strongest-ever quarterly financial performance, supported by its strategy of value addition and integration.
He highlighted the sustained demand for automotive glass, backed by growth and premiumisation in the Indian passenger vehicle market. The architectural glass business continues to benefit from urbanisation, infrastructure development, green building requirements and higher adoption of value-added products.
Labroo also noted that AIS would continue investing in manufacturing capacity, new technologies, vertical integration, customer proximity and indigenous capabilities.
AIS Maintains Strong Position In Indian Glass Market
Established in 1984, Asahi India Glass is an integrated glass solutions provider operating across automotive, architectural and consumer glass segments. The company claims approximately 80% share of the Indian passenger vehicle glass market and around 26% of the domestic value-added architectural glass market.
AIS operates 15 manufacturing units and 11 advanced warehouses and sub-assembly units across India. Its aggregate float glass manufacturing capacity stands at 2,150 tonnes per day.
