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Asian Paints Standalone Revenue from Operations for the Quarter increases by 26.4%

Asian Paints Ltd announced its financial results for the quarter and nine months ended Dec. 31, 2018.

The decorative business segment in India registered a high double-digit volume growth and delivered strong performance across regions. The Automotive coatings JV (PPG-AP), witnessed subdued growth in the Auto OEM segment while the Industrial Coatings JV (AP-PPG) continued to witness good growth in the Protective coatings – dealer segment and the Powder segment. Margins remained under pressure on account of the higher raw material prices,” said K.B.S. Anand, managing director and CEO, Asian Paints Limited. “In the International operations, some key units continued to witness challenging business conditions while both the segments in the Home Improvement category viz. the Kitchen (Sleek) and Bath (Ess Ess) business continued to scale up with expansion in network and enhancement in the product portfolio.

Asian Paints Consolidated Results, Q3-FY’19
For the quarter ended Dec. 31, 2018, on the consolidation of accounts of the subsidiaries and associates of Asian Paints – Revenue from operations has increased by 24.1 percent to ₹5,293.99 crores from ₹4,267.49 crores.

Profit before depreciation interest and tax (PBDIT) for the group increased by 17 percent to ₹1,042.98 crores from ₹891.18 crores. Profit before Tax (PBT) increased by 13.4 percent to ₹973.46 crores from ₹858.55 crores. Net Profit after non-controlling interest (from continuing operations) increased by 14.6 percent to ₹635.60 crores as compared to ₹554.64 crores in the previous corresponding period.

Asian Paints Consolidated Results, 9M-FY’19
For the Nine months ended Dec. 31, 2018, Asian Paints Group Revenue from operations has increased by 16 percent to ₹14,331.63 crores from ₹12,351.46 crores. PBDIT for the group has increased by 14.6 percent to ₹2,701.57 crores from ₹2,357.68 crores. PBT increased by 12.5 percent to ₹2,570.41 crores from ₹2,284.87 crores. Net profit after non-controlling interest (from continuing operations) increased by 8.2 percent to ₹1,686.38 crores as compared to ₹1,557.94 crores in the previous corresponding period.

Asian Paints Standalone Results, Q3-FY’19
For the quarter ended Dec. 31, 2018, Revenue from operations increased by 26.4 percent to ₹4,536.05 crores from ₹3,587.43 crores. PBDIT for the quarter increased by 20.5 percent to ₹985.80 crores from ₹818.09 crores. Net Profit increased by 19.3 percent to ₹630.96 crores as compared to ₹528.96 crores in the previous corresponding period.

Asian Paints Standalone Results, 9M-FY’19
For the nine-month period ended Dec. 31, 2018, Revenue from operations increased by 17.1 percent to ₹12,156.46 crores from ₹10,378.36 crores. PBDIT for the period increased by 18.9 percent to ₹2,537.92 crores from ₹2,135.14 crores. Net profit on a standalone basis increased by 17.9percent to ₹1,655.08 crores as compared to ₹1,403.23 crores in the previous corresponding period.

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