Asahi India Glass Approves Major Capex, Reports Q3 Results

 Asahi India Glass Ltd, one of India’s leading glass manufacturers, announced significant strategic and financial updates. The board has approved an overall capital expenditure of up to Rs 20 billion, aimed at strengthening production capabilities and supporting long-term growth. Alongside this, the company reported its December quarter results, with consolidated revenue from operations at Rs 12.56 billion and net profit at Rs 995 million.  

Key highlights from the announcement include  

• Approval of overall capex plan of up to Rs 20 billion.  
• Q3 consolidated revenue from operations stood at Rs 12.56 billion.  
• Net profit reported at Rs 995 million in the December quarter.  
• Capex expected to enhance production capacity and support expansion.  
• Company continues to focus on innovation and efficiency in glass manufacturing.  
• Analysts view the investment as a strong signal of growth confidence.  

Industry experts note that Asahi India Glass’s capex approval, coupled with stable quarterly results, underscores its commitment to scaling operations and maintaining leadership in India’s glass industry.  

Sources: Reuters, Economic Times, Business Standard