| Scrip Code | 515030 |
|---|---|
| NSE Symbol | ASAHIINDIA |
| MSEI Symbol | NOTLISTED |
| ISIN | INE439A01020 |
| Name of company | Asahi India Glass Limited |
| Type of company | Main Board |
| Class of security | Equity |
| Date of start of financial year | 01-04-2025 |
| Date of end of financial year | 31-03-2026 |
| Date of board meeting when results were approved | 30-01-2026 |
| Date on which prior intimation of the meeting for considering financial results was informed to the exchange | 23-01-2026 |
| Description of presentation currency | INR |
| Level of rounding used in financial results | Lakhs |
| Reporting Type | Quarterly |
| Reporting Quarter | Third quarter |
| Nature of report standalone or consolidated | Standalone |
| Whether results are audited or unaudited for the quarter ended | Unaudited |
| Whether results are audited or unaudited for the Year to date for current period ended/year ended | Unaudited |
| Segment Reporting | Multi segment |
| Description of single segment | |
| Start date and time of board meeting | 30-01-2026 11:00:00 |
| End date and time of board meeting | 30-01-2026 13:15:00 |
| Whether cash flow statement is applicable on company | |
| Type of cash flow statement | |
| Declaration of unmodified opinion or statement on impact of audit qualification | Not applicable |
| Whether statement on deviation or variation for proceeds of public issue, rights issue, preferential issue, qualified institutions placement etc. is applicable to the company for the current quarter? | Yes |
| No. of times funds raised during the quarter | 1 |
| Whether the disclosure for the Default on Loans and Debt Securities is applicable to the entity? | No |
| Not Applicable | |
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| 1 | Income | ||
| Revenue from operations | 1,17,698.00 | 3,40,324.00 | |
| Other income | 1,069.00 | 3,446.00 | |
| Total income | 1,18,767.00 | 3,43,770.00 | |
| 2 | Expenses | ||
| (a) | Cost of materials consumed | 31,917.00 | 1,05,454.00 |
| (b) | Purchases of stock-in-trade | 558.00 | 1,593.00 |
| (c) | Changes in inventories of finished goods, work-in-progress and stock-in-trade | 262.00 | (1,047.00) |
| (d) | Employee benefit expense | 10,198.00 | 30,029.00 |
| (e) | Finance costs | 4,244.00 | 15,798.00 |
| (f) | Depreciation, depletion and amortisation expense | 6,722.00 | 19,347.00 |
| (f) | Other Expenses | ||
| 1 | Power & Fuel | 19,115.00 | 54,403.00 |
| 2 | Other Expenses | 31,605.00 | 90,125.00 |
| Total other expenses | 50,720.00 | 1,44,528.00 | |
| Total expenses | 1,04,621.00 | 3,15,702.00 | |
| 3 | Total profit before exceptional items and tax | 14,146.00 | 28,068.00 |
| 4 | Exceptional items | (679.00) | (679.00) |
| 5 | Total profit before tax | 13,467.00 | 27,389.00 |
| 6 | Tax expense | ||
| 7 | Current tax | 1,119.00 | 2,816.00 |
| 8 | Deferred tax | 2,028.00 | 4,170.00 |
| 9 | Total tax expenses | 3,147.00 | 6,986.00 |
| 10 | Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement | 0.00 | 0.00 |
| 11 | Net Profit Loss for the period from continuing operations | 10,320.00 | 20,403.00 |
| 12 | Profit (loss) from discontinued operations before tax | 0.00 | 0.00 |
| 13 | Tax expense of discontinued operations | 0.00 | 0.00 |
| 14 | Net profit (loss) from discontinued operation after tax | 0.00 | 0.00 |
| 15 | Share of profit (loss) of associates and joint ventures accounted for using equity method | 0.00 | 0.00 |
| 16 | Total profit (loss) for period | 10,320.00 | 20,403.00 |
| 17 | Other comprehensive income net of taxes | 70.00 | 178.00 |
| 18 | Total Comprehensive Income for the period | 10,390.00 | 20,581.00 |
| 19 | Total profit or loss, attributable to | ||
| Profit or loss, attributable to owners of parent | |||
| Total profit or loss, attributable to non-controlling interests | |||
| 20 | Total Comprehensive income for the period attributable to | ||
| Comprehensive income for the period attributable to owners of parent | |||
| Total comprehensive income for the period attributable to owners of parent non-controlling interests | |||
| 21 | Details of equity share capital | ||
| Paid-up equity share capital | 2,549.00 | 2,549.00 | |
| Face value of equity share capital | 1 | 1 | |
| 27 | Details of debt securities | ||
| 22 | Reserves excluding revaluation reserve | ||
| 23 | Earnings per share | ||
| i | Earnings per equity share for continuing operations | ||
| Basic earnings (loss) per share from continuing operations | 4.05 | 8 | |
| Diluted earnings (loss) per share from continuing operations | 4.05 | 8 | |
| ii | Earnings per equity share for discontinued operations | ||
| Basic earnings (loss) per share from discontinued operations | 0 | 0 | |
| Diluted earnings (loss) per share from discontinued operations | 0 | 0 | |
| ii | Earnings per equity share | ||
| Basic earnings (loss) per share from continuing and discontinued operations | 4.05 | 8 | |
| Diluted earnings (loss) per share from continuing and discontinued operations | 4.05 | 8 | |
| 24 | Debt equity ratio | ||
| 25 | Debt service coverage ratio | ||
| 26 | Interest service coverage ratio | ||
| 27 | Disclosure of notes on financial results | Textual Information(1) | |
| Textual Information(1) | 1 The above financial results have been reviewed by the Audit Committee on 29th January 2026 and approved by the Board of Directors at their meeting held on 30th January 2026. 2 The financial results of the Company have been prepared in accordance with Indian Accounting Standards (Ind AS) notified under the Companies (Indian Accounting Standards) (Amendment) Rutes, 2015 as amended by the Companies (Indian Accounting Standards) (Amendment) Rules, 2016 and recognition and measurement principles in Ind AS 34 Interim Financial Reporting prescribed under Section 133 of the Companies Act, 2013 read with rules issued thereunder and the other accounting principles generally accepted in India. 3 Effective 21st November 2025, the Government of India has consolidated multiple existing labour notifying legislations into a unified framework consisting four Labour Codes collectively referred to as the “New Labour Codes”. Under Ind AS 19, changes to employee benefit plans arising from legislative amendments constitute a plan amendment, requiring recognition of past service cost immediately in the Statement of Profit and Loss. The New Labour Codes has resulted in estimated one time increase in provision of employee benefits of Rs. 679 Lakhs and the same has been recognized as Exceptional Items. The Governmentis in the process of notifying related Rules to the New Labour Codes and impact of these will be evaluated and accounted for in accordance with applicable accounting standards in the period in which they are notified. 4 Previous period figures have been regrouped, wherever necessary. |
|---|
| Debt equity ratio | |
|---|---|
| Debt service coverage ratio | |
| Interest service coverage ratio |
| Particulars | 3 months/ 6 month ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |||||
|---|---|---|---|---|---|---|---|
| Date of start of reporting period | 01-10-2025 | 01-04-2025 | |||||
| Date of end of reporting period | 31-12-2025 | 31-12-2025 | |||||
| Whether results are audited or unaudited | Unaudited | Unaudited | |||||
| Nature of report standalone or consolidated | Standalone | Standalone | |||||
| 1 | Segment Revenue (Income) | ||||||
| (net sale/income from each segment should be disclosed) | |||||||
| 1 | Automotive Glass | 85,728.00 | 2,44,954.00 | ||||
| 2 | Float Glass | 47,335.00 | 1,24,400.00 | ||||
| 3 | Others | 2,428.00 | 7,701.00 | ||||
| Total Segment Revenue | 1,35,491.00 | 3,77,055.00 | |||||
| Less: Inter segment revenue | 16,724.00 | 33,285.00 | |||||
| Revenue from operations | 1,18,767.00 | 3,43,770.00 | |||||
| 2 | Segment Result | ||||||
| Profit (+) / Loss (-) before tax and interest from each segment | |||||||
| 1 | Automotive Glass | 10,228.00 | 26,207.00 | ||||
| 2 | Float Glass | 7,315.00 | 14,942.00 | ||||
| 3 | Others | (125.00) | (344.00) | ||||
| Total Profit before tax | 17,418.00 | 40,805.00 | |||||
| i. Finance cost | 4,244.00 | 15,798.00 | |||||
| ii. Other Unallocable Expenditure net off Unallocable income | (293.00) | (2,382.00) | |||||
| Profit before tax | 13,467.00 | 27,389.00 | |||||
| 3 | (Segment Asset - Segment Liabilities) | ||||||
| Segment Asset | |||||||
| 1 | Automotive Glass | 3,26,417.00 | 3,26,417.00 | ||||
| 2 | Float Glass | 3,81,130.00 | 3,81,130.00 | ||||
| 3 | Others | 11,633.00 | 11,633.00 | ||||
| Total Segment Asset | 7,19,180.00 | 7,19,180.00 | |||||
| Un-allocable Assets | 37,657.00 | 37,657.00 | |||||
| Net Segment Asset | 7,56,837.00 | 7,56,837.00 | |||||
| 4 | Segment Liabilities | ||||||
| Segment Liabilities | |||||||
| 1 | Automotive Glass | 86,601.00 | 86,601.00 | ||||
| 2 | Float Glass | 59,100.00 | 59,100.00 | ||||
| 3 | Others | 1,969.00 | 1,969.00 | ||||
| Total Segment Liabilities | 1,47,670.00 | 1,47,670.00 | |||||
| Un-allocable Liabilities | 2,19,298.00 | 2,19,298.00 | |||||
| Net Segment Liabilities | 3,66,968.00 | 3,66,968.00 | |||||
| Disclosure of notes on segments | |||||||
| Particulars | 3 months/ 6 months ended (dd-mm-yyyy) | Year to date figures for current period ended (dd-mm-yyyy) | |
|---|---|---|---|
| A | Date of start of reporting period | 01-10-2025 | 01-04-2025 |
| B | Date of end of reporting period | 31-12-2025 | 31-12-2025 |
| C | Whether results are audited or unaudited | Unaudited | Unaudited |
| D | Nature of report standalone or consolidated | Standalone | Standalone |
| Other comprehensive income [Abstract] | |||
| 1 | Amount of items that will not be reclassified to profit and loss | ||
| 1 | Items that will not be reclassified to profit & loss | 70.00 | 178.00 |
| Total Amount of items that will not be reclassified to profit and loss | 70.00 | 178.00 | |
| 2 | Income tax relating to items that will not be reclassified to profit or loss | 0.00 | 0.00 |
| 3 | Amount of items that will be reclassified to profit and loss | ||
| Total Amount of items that will be reclassified to profit and loss | |||
| 4 | Income tax relating to items that will be reclassified to profit or loss | 0.00 | 0.00 |
| 5 | Total Other comprehensive income | 70.00 | 178.00 |
| Mode of Fund Raising | QIP |
|---|---|
| Description of mode of fund raising (Applicable in case of others is selected) | |
| Date of Raising Funds | 18-09-2025 |
| Amount Raised | 1,00,000.00 |
| Report filed for Quarter ended | 31-12-2025 |
| Monitoring Agency | Applicable |
| Monitoring Agency Name, if applicable | Care Ratings Limited |
| Is there a Deviation / Variation in use of funds raised | No |
| If yes, whether the same is pursuant to change in terms of a contract or objects, which was approved by the shareholders | |
| If Yes, Date of shareholder Approval | |
| Explanation for the Deviation / Variation | NA |
| Comments of the Audit Committee after review | No comments received |
| Comments of the auditors, if any | NA |
| Sr. | Original Object | Modified Object, if any | Original Allocation | Modified allocation, if any | Funds Utilised | Amount of Deviation/Variation for the quarter according to applicable object | Remarks if any |
| 1 | Prepayment and / or repayment in full or in part, of all or a portion of certain of the outstanding borrowings (including interest thereon) availed for the business of our Company. | NA | 75,000.00 | 0.00 | 75,000.00 | 0.00 | During Q3FY26, company has utilised Rs. 691.25 crore towards repayment of term loan from Bajaj Finserv, Shinhan Bank,Bank of Bahrain, Bank of Baroda, Central Bank and Citi Bank. Note: Company has raised the reported funds in the quarter ended 30th September, 2025. No funds were raised in the quarter ended 31st December, 2025. |
| 2 | General corporate purposes | NA | 24,190.00 | 0.00 | 24,560.00 | 0.00 | During Q3FY26, company utilized Rs. 53.60 crore for making vendor payments. Out of which Rs. 49.89crores were towards repayment of WCDL from HDFC Bank which were borrowed by the company for making vendor payments. As outlined in the placement document, the anticipated expenses for the issue were projected at Rs. 8.10 crore. However, the expenses incurred as of December 31, 2025, arnounted to Rs. 4.40 crores. The remaining Rs. 3.70 crore has been utilized as GCP during the quarter ended December 31, 2025, in accordance with the placement document (Company intends to deploy any balance Net Proceeds towards genera/ corporate purposes to meet the business requirements of our Company as approved by our management from time to time, subject to such utilisation not exceeding 25% of the Issue Proceeds, aggregating to = 8.10 crores). The total utilization under GCP does not exceed 25% of the issue proceeds. Note: Company has raised the reported funds in the quarter ended 30th September, 2025. No funds were raised in the quarter ended 31st December, 2025. |
| 3 | Fees, Commissions and Issue related expenses | NA | 810.00 | 0.00 | 440.00 | 0.00 | During Q3FY26 company has utilised Rs. 3.79 crores towards payment of professional fees and other expenses for QIP issue. As outlined in the placement document, the anticipated expenses for the issue were projected at Rs. 8.10 crore. However, the expenses incurred as of December 31, 2025, arnounted to Rs. 4.40 crores. The remaining Rs. 3.70 crore has been utilized as GCP during the quarter ended December 31, 2025, in accordance with the placement document (Company intends to deploy any balance Net Proceeds towards genera/ corporate purposes to meet the business requirements of our Company as approved by our management from time to time, subject to such utilisation not exceeding 25% of the Issue Proceeds, aggregating to = 8.10 crores). The total utilization under GCP does not exceed 25% of the issue proceeds. Note: Company has raised the reported funds in the quarter ended 30th September, 2025. No funds were raised in the quarter ended 31st December, 2025. |
| Name of signatory | Gopal Ganatra |
| Designation of person | Company Secretary and Compliance Officer |
| Place | Gurugram |
| Date | 30-01-2026 |