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Agarwal Toughened Glass India Ltd. delivers stellar H2 FY25 results: PAT doubles and growth momentum accelerates
Spotlight Wire
Synopsis
Agarwal Toughened Glass India Ltd. (ATGIL) announced impressive FY25 results, marked by a 103% surge in H2 PAT and significant gains in profitability. Driven by robust demand and regulatory tailwinds, the company is strategically venturing into solar glass and expanding capacity.
By Spotlight Wire
Agarwal Toughened Glass India Ltd. (ATGIL), a fast-emerging leader in value-added manufacturing of various types of safety glass i.e. laminated glass, double glazed glass, insulated glass etc, has announced its audited financial results for the second half (H2) and full fiscal year ended March 31, 2025 (FY25), showcasing remarkable operational performance, strategic execution, and sustained growth across key financial parameters.
Anita Agarwal, Promoter, Chairperson & Managing Director of ATGIL, commented, “Our H2 and full-year FY25 performance speaks to the strength of our business model and disciplined execution. We are pleased to report a strong performance in H2 and for the full year of FY25, reflecting the consistent execution of our strategic initiatives and the inherent strength of our business model. Strong topline growth, coupled with rising margins, reflects robust top-line growth driven by rising demand across infrastructure, commercial, and institutional sectors —further supported by our expanded product portfolio and deepening client relationships.
She further added, “We’re witnessing strong tailwinds from evolving regulatory norms, particularly the government’s safety mandates requiring the exclusive use of toughened or laminated glass in high-rise building applications such as railings, façades, and balconies— ATGIL continues to expand both its capacity and product innovation efforts. These regulations are accelerating adoption and cementing our role as a preferred supplier of advanced safety glass across mission-critical sectors. We are particularly proud of our current order book, which includes high-profile projects across airports, hospitals, educational institutions, hospitality chains, and more. These orders underscore our growing role in mission-critical infrastructure and our ability to deliver precision-engineered glass solutions at scale.”
Key financial highlights:
H2 FY25: A breakout half-year
FY25: A period of strategic gains
Strategic foray into solar glass
ATGIL’s solar glass initiatives are focused on reducing the structural load on mounting systems while maintaining optical clarity and mechanical strength— critical factors for rooftop, industrial, and utility-scale solar installations.
The company’s continued investments in capacity expansion, processing of jumbo glass (largest in Northern India), and in-house infrastructure strength, including the team, have begun to deliver tangible gains in operational efficiency and margin improvement.
With ₹24 crore already deployed towards our upcoming third manufacturing facility that is strategically located adjacent to its current plants, working capital and repayment of high-cost debt, the company is on track to significantly enhance production capacity via multi-shift operations, smooth working capital cycle, and lowered burden of debt. Coupled with its new high-performance laminated glass lines and expansion into bespoke solutions for medium to large-sized projects, it is fully geared to capture emerging opportunities in India’s booming glass industry.
About the company
Established in October 2009, Agarwal Toughened Glass India Ltd. (ATGIL) is a company driven by strong promoter having the collective experience of over 35 years supported by professional team, a fast-emerging leader in the glass processing industry having state of art facility to manufacture various types of value-added safety glass i.e. laminated glass, double glazed glass, insulated glass.
ATGIL transforms standard float glass into high-performance, application-specific safety products, combining cutting-edge technology with over 35 years of domain expertise. As regulatory standards and design trends continue to evolve, ATGIL is well-positioned to deliver compliant, customized, and durable glass solutions to a rapidly growing customer base in India and beyond.
The company's diverse product portfolio is engineered to meet the stringent requirements of modern architecture, offering solutions that prioritise safety, energy efficiency, and aesthetic appeal:
With a robust order book that includes large-scale projects across airports, hospitals, educational institutions, hospitality, and infrastructure, ATGIL is well-positioned to capitalise on India’s rapid urbanization and infrastructure push.
ATGIL's commitment to quality is reflected in its rigorous testing protocols, which include human impact assessments, ball drop tests, design and visual inspections, annealing evaluations, and measurements of glass thickness and weight. This emphasis on quality assurance ensures that every product meets the highest safety and performance standards.
With a strong foundation, prowess in manufacturing, quality, and customer satisfaction, ATGIL is poised for continued growth and innovation in the glass industry.
*This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.
Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
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The company posted a 103% surge in PAT for H2 FY25, with significant gains in profitability and scale, driven by robust demand, regulatory momentum, and focused execution and expansion.Anita Agarwal, Promoter, Chairperson & Managing Director of ATGIL, commented, “Our H2 and full-year FY25 performance speaks to the strength of our business model and disciplined execution. We are pleased to report a strong performance in H2 and for the full year of FY25, reflecting the consistent execution of our strategic initiatives and the inherent strength of our business model. Strong topline growth, coupled with rising margins, reflects robust top-line growth driven by rising demand across infrastructure, commercial, and institutional sectors —further supported by our expanded product portfolio and deepening client relationships.
She further added, “We’re witnessing strong tailwinds from evolving regulatory norms, particularly the government’s safety mandates requiring the exclusive use of toughened or laminated glass in high-rise building applications such as railings, façades, and balconies— ATGIL continues to expand both its capacity and product innovation efforts. These regulations are accelerating adoption and cementing our role as a preferred supplier of advanced safety glass across mission-critical sectors. We are particularly proud of our current order book, which includes high-profile projects across airports, hospitals, educational institutions, hospitality chains, and more. These orders underscore our growing role in mission-critical infrastructure and our ability to deliver precision-engineered glass solutions at scale.”
Key financial highlights:
H2 FY25: A breakout half-year
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| Particulars (₹ Cr) | H2 FY25 | H1 FY25 | Half Year Growth (%) |
| Total Income | 34.81 | 23.50 | 48.13% |
| EBITDA | 14.93 | 8.19 | 82.42% |
| EBITDA Margin (%) | 42.90% | 34.83% | +807 bps |
| PAT | 10.63 | 4.54 | 134.14% |
| PAT Margin (%) | 30.53% | 20.37% | +1,121 bps |
| EPS (₹) | 6.02 | 3.82 | 57.59% |
FY25: A period of strategic gains
| Particulars (₹ Cr) | FY25 | FY24 | YoY Growth (%) |
| Total Income | 58.30 | 40.50 | 43.95% |
| EBITDA | 23.12 | 15.88 | 45.53% |
| EBITDA Margin (%) | 39.65% | 39.22% | +43 bps |
| PAT | 15.17 | 8.59 | 76.60% |
| PAT Margin (%) | 26.02% | 21.21% | +458 bps |
| EPS (₹) | 8.58 | 7.23 | 18.67% |
Strategic foray into solar glass
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In line with India’s clean energy transition and the growing demand for photovoltaic infrastructure, ATGIL is strategically evaluating to foray into the solar glass segment. The company is studying the development of lightweight, high-durability solar glass designed specifically for ease of mounting and improved efficiency in solar panel assemblies. This innovation not only aligns with global sustainability goals but also positions ATGIL at the forefront of the renewable energy supply chain.ATGIL’s solar glass initiatives are focused on reducing the structural load on mounting systems while maintaining optical clarity and mechanical strength— critical factors for rooftop, industrial, and utility-scale solar installations.
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Infrastructure and future growthThe company’s continued investments in capacity expansion, processing of jumbo glass (largest in Northern India), and in-house infrastructure strength, including the team, have begun to deliver tangible gains in operational efficiency and margin improvement.
With ₹24 crore already deployed towards our upcoming third manufacturing facility that is strategically located adjacent to its current plants, working capital and repayment of high-cost debt, the company is on track to significantly enhance production capacity via multi-shift operations, smooth working capital cycle, and lowered burden of debt. Coupled with its new high-performance laminated glass lines and expansion into bespoke solutions for medium to large-sized projects, it is fully geared to capture emerging opportunities in India’s booming glass industry.
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With a healthy order book and a disciplined execution plan, it is set to sustain this growth momentum and generate long-term value for our stakeholders.About the company
Established in October 2009, Agarwal Toughened Glass India Ltd. (ATGIL) is a company driven by strong promoter having the collective experience of over 35 years supported by professional team, a fast-emerging leader in the glass processing industry having state of art facility to manufacture various types of value-added safety glass i.e. laminated glass, double glazed glass, insulated glass.
ATGIL transforms standard float glass into high-performance, application-specific safety products, combining cutting-edge technology with over 35 years of domain expertise. As regulatory standards and design trends continue to evolve, ATGIL is well-positioned to deliver compliant, customized, and durable glass solutions to a rapidly growing customer base in India and beyond.
The company's diverse product portfolio is engineered to meet the stringent requirements of modern architecture, offering solutions that prioritise safety, energy efficiency, and aesthetic appeal:
- Toughened glass
- Laminated safety glass
- Insulated Glass Units (IGUs)
- Heat-soaked glass
- Frosted and double-glazed glass
- Government buildings
- Hospitality sector
- Commercial real estate developers
- Institutional clients
- Retail chains
With a robust order book that includes large-scale projects across airports, hospitals, educational institutions, hospitality, and infrastructure, ATGIL is well-positioned to capitalise on India’s rapid urbanization and infrastructure push.
ATGIL's commitment to quality is reflected in its rigorous testing protocols, which include human impact assessments, ball drop tests, design and visual inspections, annealing evaluations, and measurements of glass thickness and weight. This emphasis on quality assurance ensures that every product meets the highest safety and performance standards.
With a strong foundation, prowess in manufacturing, quality, and customer satisfaction, ATGIL is poised for continued growth and innovation in the glass industry.
*This document contains forward-looking statements, which are not historical facts and are subject to risks and uncertainties such as government actions, local developments, and technological risks. The Company is not responsible for any actions taken based on these statements and does not commit to publicly updating them to reflect future events or circumstances.Disclaimer: The above content is non-editorial, and TIL hereby disclaims any and all warranties, expressed or implied, relating to it, and does not guarantee, vouch for or necessarily endorse any of the content.
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