Hot Pursuit     28-May-07
Asahi India glass eases on sharp fall in Q4 net profit
Asahi India Glass declined 0.58% to Rs 111.45 on announcement of lacklustre quarterly performance

On BSE, 97,174 shares were traded on the counter.

The share price rose from Rs 116.55 on 9 May 2007 to Rs 120.30 on 16 May 2007. It continuously fell since then and reached to Rs 112.10 on 25 May 2007.

The net profit declined 86.6% to Rs 8.94 crore in Q4 March 2007 compared to Rs 66.95 crore same period previous year. Sales soared 46.9% to Rs 234.92 crore in Q4 March 2007 (Rs 159.93 crore).

The net profit declined 51.2% to Rs 42.08 crore in the year ended 31 March 2007. Sales soared 32.7% to Rs 784.47 crore in FY 2007.

The consolidated net profit declined 49.8% to Rs 43.32 crore in FY 2007 compared to Rs 86.3 crore in FY 2006. Sales rose 32.7% to Rs 789.4 crore in FY 2007 (Rs 594.93 crore). The results were announced during trading hours today, 28 May 2007.

Asahi India Glass is into manufacturing of glasses used in vehicles and construction industry.

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