Asian Paints presents results
Asian Paints Ltd announced their financial results for the quarter and twelve months ended March 31, 2018.
The Decorative paint business in India registered double digit volume growth in the current quarter with improved demand conditions. Material prices continued to witness an upward trend thereby exerting pressure on margins which was mitigated to an extent by the price increases taken. Good demand conditions in the Auto OEM and General Industrial business segment led to improved performance of the Automotive coatings JV (PPG-AP). The performance of Industrial Coatings JV (AP-PPG) saw an improvement in the current quarter based on good growth registered in the Powder Coatings segment,” said K.B.S. Anand, Managing Director and CEO, Asian Paints Limited.
Asian Paints Consolidated Results, Q4-FY’18
For the quarter ended March 31, 2018, on consolidation of accounts of the subsidiaries and associate of Asian Paints – Revenue from operations has risen by 14.1 % to 559,021,901 EUR from 489,885,515 EUR. Profit before depreciation, interest, tax and other income (PBDIT) for the group increased by 18.7 % to 104,520,906 EUR from 88,082,379 EUR. Profit Before Tax (PBT) increased by 12.4 % to 97,512,444 EUR from 86,743,405 EUR. Net Profit after Minority Interest increased by 4.6 % to 59,854,405 EUR as compared to 57,241,165 EUR in the previous corresponding period.
Asian Paints Consolidated Results, 12M-FY’18
For the twelve months ended March 31, 2018, Asian Paints Group Revenue from operations has increased by 11.0 % to 2,096,037,830 EUR from 1,887,528,621 EUR. PBDIT for the group has increased by 7.1 % to 397,910,652 EUR from 371,630,164 EUR. Profit Before Tax (PBT) increased by 4.6 % to 381,841,712 EUR from 365,067,198 EUR. Net Profit after Minority Interest increased by 2.5 % to 245,052,265 EUR as compared to 239,010,702 EUR in the previous corresponding period.
Asian Paints Standalone Results, Q4-FY’18
For the quarter ended March 31, 2018, Revenue from Operations has increased by 13.0 % to 469,804,629 EUR from 415,711,797 EUR. PBDIT for the quarter increased by 22.9 % to 97,730,214 EUR from 79,534,594 EUR. Net Profit on a Standalone basis increased by 11.5 % to 97,730,214 EUR from 54,856,894 EUR.
Asian Paints Standalone Results, 12M-FY’18
For the year ended March 31, 2018, Revenue from operations increased by 11.2 % to 1,761,287,954 EUR from 1,583,220,508 EUR. PBDIT for the year increased by 9.3 % to 363,425,834 EUR as compared to 332,358,138 EUR in the previous year. Net Profit on a Standalone basis increased by 5.2 % to 235,788,950 EUR from 224,206,073 EUR in the previous year.
Image source: Pixabay
