Asahi India Q4 Review - Building Glass Continue To Be Show Stopper: Dolat Capital

BQ Prime’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BQ Prime’s subscribers an opportunity to expand their understanding of companies, sectors and the economy..Dolat Capital Report.Asahi India Glass Ltd. displayed a splendid performance in Q4 FY22. Revenue grew 14% QoQ to Rs 9.43 billion led by 15.6% growth in automotive and 12.8% in building glass segment. Despite all challenges (like elevated raw material costs, high fuel and logistic expenses) operating margin remains strong at 25.7% led by healthy margin in the building glass division. Ebit margin for automotive glass improved 73 basis points QoQ to 11.2% led by operating leverage, offset extended logistic and freight cost. Despite sharp jump in fuel price, architecture glass margin expanded by 120 bps QoQ to 34.7% led by continued price hike and better mix. Asahi India's net debt has reduced to Rs 11 billion in from Rs 14 billion in FY21. We forecast 21% compound annual growth rate in earnings in FY22-24E, driven by a 14% increase in revenue and fall in interest cost..Click on the attachment to read the full report:.DISCLAIMERThis report is authored by an external party. BQ Prime does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the author entity and do not represent the views of BQ Prime..Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

Asahi India Q4 Review - Building Glass Continue To Be Show Stopper: Dolat Capital

Asahi India Q4 Review - Building Glass Continue To Be Show Stopper: Dolat Capital

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