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Asian Paints Consolidated Revenue from Operations for Quarter Increases 8.5 Percent

Asian Paints Consolidated Revenue from Operations for Quarter Increases 8.5 Percent2018.10.24

Asian Paints announced its financial results for the quarter and six months ended Sept. 30, 2018.
 
“The decorative business segment in India registered a low double-digit volume growth. Raw material prices continued to move up further which has led us to take a price increase from October 2018,” said K.B.S. Anand, managing director and CEO, Asian Paints Limited.  “The automotive coatings JV (PPG-AP) witnessed good growth in the general industrial business segment while the industrial coatings JV (AP-PPG) continued to witness good growth in the protective coatings – dealer segment and the powder segment. In the international operations, business conditions continued to remain challenging with issues like forex unavailability, high inflation and difficult economic conditions impacting performance. Both the segments in the home improvement category viz. the kitchen (Sleek) and bath (ESS ESS) business, performed well in the quarter.”


 




Asian Paints Consolidated Results, Q2-FY’19


For the quarter ended Sept. 30, 2018, on consolidation of accounts of the subsidiaries and associate of Asian Paints – Revenue from operations has risen by 8.5 percent to ₹4,639.05 crores from ₹4,274.18 crores. Profit before depreciation, interest, tax and other income (PBDIT) for the group decreased by 2.1 percent to ₹784.15 crores from ₹801.13 crores. Profit Before Tax (PBT) decreased by 3.0 percent to ₹748.67 crores from ₹772.07 crores. Net Profit after Non-controlling Interest (from continuing operations) decreased by 3.1 percent to ₹492.76 crores as compared to ₹508.42 crores in the previous corresponding period. The Board of Directors approved the payment of an interim dividend of ₹2.85 per share (285 percent). The company distributed an interim dividend of ₹2.65 per share (265 percent) for H1- FY 2018. The total dividend of ₹8.70 per share (870 percent) was distributed for FY 2018. The dividend payout ratio was 53.1 percent for FY 2018.


 
Asian Paints Consolidated Results, H1-FY’19


For the six months ended Sept. 30, 2018, Asian Paints Group Revenue from operations has increased by 11.8 percent to ₹9,037.64 crores from ₹8,083.97 crores. Profit before depreciation interest and tax (PBDIT) for the group has increased by 13.1 percent to ₹1,658.59 crores from ₹1,466.50 crores. Profit Before Tax (PBT) increased by 12.0 percent to ₹1,596.95 crores from ₹1,426.32 crores. Net Profit after Non-controlling Interest (from continuing operations) increased by 12.6 percent to ₹1,050.78 crores as compared to ₹933.60 crores in the previous corresponding period.


 
Asian Paints Standalone Results, Q2-FY’19


For the quarter ended Sept. 30, 2018, Revenue from operations increased by 8.7 percent to ₹3,914.17 crores from ₹3,602.20 crores. PBDIT for the quarter increased by one percent to ₹727.30 crores from ₹720.05 crores. Net Profit increased by 1.7 percent to ₹481.49 crores as compared to ₹473.41 crores in the previous corresponding period.



Asian Paints Standalone Results, H1-FY’19


For the six months ended Sept. 30, 2018, Revenue from operations increased by 12.2 percent to ₹7,620.41 crores from ₹6,790.93 crores. PBDIT for the period increased by 17.9 percent to ₹1,552.12 crores from ₹1,317.03 crores. Net Profit on a standalone basis increased by 17.1 percent to ₹1,024.12 crores as compared to ₹874.27 crores in the previous corresponding period.




source: coatingsworld.com



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