ASIAN PAINTS: On Tuesday, Asia Pigments posted a consolidated net income of Rs 5,685 crore after low-interest rates rose 78.9% year on year to Rs 1,016.93 crore in the June quarter, compared to Rs 568.50 crore in the same period. last year…
The figure beat analysts’ expectations of an Rs 851 crore profit in the ET NOW POLL
Consolidated sales for the quarter were Rs 85.88 billion, up 55% from Rs 55.3487 billion last year.
Special items and profit before tax increased by 83.8% to Rs 1,430.83 million and Rs 775.58 million respectively.
According to the company, this company’s interior decoration business saw strong sales growth in the fourth quarter due to strong consumer demand. He stated that this quarter’s sales growth was the highest in the previous quarter and added: “This company has also recorded an overall four-year increase in both sales and value.
Significant growth was observed in the automotive original equipment segment and the general industrial coatings segment.
Director and CEO Amit Singh Kulu said:
While the continuous growth environment continues to affect the alignment, his company is actively using high-quality and high-quality products to achieve healthy operating margins and improve the company’s efficiency.
According to Asian Paints, sales of bathroom accessories rose 120.1% year on year from Rs 536.1 crore to Rs 1,179.9 crore. PBDIT’s bathroom accessories business rose to Rs 421 million from a loss of Rs 140 million last year. Kitchen business sales rose 68.3% to Rs 1,090.4 million from Rs 647.9 million last year. PBDIT’s loss in the kitchen business narrowed to Rs 400 million compared to a loss of Rs 538 million in the same period last year.
“The economic crisis in Sri Lanka led to foreign exchange savings and a foreign exchange loss of Rs 24.21 billion on Causeway Paints Langka (Causeway Paints) foreign trade debt for the quarter ended 30 June 2022,” the company said in a statement…
Asian Paint Q1 23 results: Sales up and better than expected.
Asian Paints released its results for the first quarter of 2020 on Tuesday afternoon. The number beat analysts’ expectations. It was trading at a loss before the performance but ended in the green at Rs 3,105, up 0.06%.
Asian Painting Q1 2023: Highlights
- Revenue: Rs 8,578.8 crore, up 55% YoY.
- Revenue: Rs 10,169.3 crore, up 78.9% YoY.
- PBDI: 70.3% increase to Rs 1555.95
Asia Paint Q1 Results: Sales up
Cat Asia consolidated sales for the June quarter were Rs 8,578.8 crore, up 55% year-on-year. The consolidated turnover for the same period last year was Rs. 55,349 crore. Retail sales rose 59.6% to Rs.7,555.80. The gains boosted Wall Street valuations to more than Rs 729.4 billion.
Asia Paint FY2023 Q1 Results: Net Profit Up
Consolidated net profit rose 78.9% to Rs.10.1693 crore. The consolidated net profit for the same quarter last year was Rs.568.5 crore. Net profit exceeded analysts’ forecast of Rs 950 crore. Earnings rose as the company’s quarterly revenue growth was the strongest in six quarters.
Asia Paint Q1 2023 results: PBDI
PBDIT (earnings before depreciation, interest, tax, other income, and special items) increased by 70.3% to Rs 155,950 crore from Rs 913.5 crore in the same period last year. Profit before special items and tax increased by 83.8% to Rs. 1,430.83 million from Rs. 778.58 crores.
Results of Asian Paints Q1 2022 – Kitchen & Bath Company
Sales of bathroom accessories rose 120.1% to Rs 117.9 crore from Rs 536.1 crore last year. PBDIT rose to Rs 421 million after losing Rs 140 million in the same period last year.
Sales of kitchen business rose to Rs 109.04 billion from Rs 647.9 billion in the same period last year. In the kitchen sector, PBDIT’s loss fell to Rs 400 crore compared to a loss of Rs 538 crore last year.
Asian Paints’ first-quarter profit soared 80% on a weak basis
Mumbai (Maharashtra) [India], 26 July (ANI): Asian Paints Ltd. announced on Tuesday that its consolidated net profit for the first fiscal quarter rose 80.4% year-on-year to Rs 103,603 billion.
One of the reasons for higher profits is a weak foundation. The company’s consolidated net profit for the first quarter of 2021-22 is Rs.574.3 crore. In the first quarter of last year, the second wave of the spread of the coronavirus severely damaged corporate profits.
Asian Paints consolidated operating profit for the quarter ended 30 June 2022 increased by 54% to Rs 860.7 crore compared to Rs 558,536 crore for the same period last year.
In the fourth quarter, home decor sales increased significantly due to strong consumer demand. Volume growth this quarter was one of the strongest in the last six quarters. The company also posted a strong four-year CAGR in terms of volume and value. Our OE automotive and industrial paint business has achieved a steady growth trajectory,” said Amit Singhal, President, and CEO of Asian Paints.
We are constantly developing our DIY business and expanding the range of products and services. “Despite difficulties in certain geographic areas, our international company also experienced double-digit quarterly revenue growth.
We are constantly developing our DIY business and expanding the range of products and services. “Despite difficulties in certain geographic areas, our international company also experienced double-digit quarterly revenue growth.
Asian Paints Q1FY23 Results preview:
The broker expects more than 60% earnings growth from him, and margins are under pressure.
The brokerage expects year-over-year and quarter-to-quarter gross margin declines, driven by high inflation, to decline 26% year-over-year, partially offset by improved mix. prize.
The index-weighted Asian coatings company is scheduled to report its first quarter results for the fiscal year 2022-23 on Tuesday, July 26, 2022, outlining first quarter volume, revenue, and profit points for this year. adds 23 more.
Motilal Oswal estimates its peak turnover at Kroner 9,500, up 65% year-on-year, and forecasts to reach Rs 7.82 billion in the first quarter of 2023, up 40% year-on-year.
The brokerage expects year-over-year and quarter-to-quarter gross margin declines, driven by high inflation, to decline 26% year-over-year, partially offset by improved mix. prize. He advised heeding comments on the outlook for commodity price inflation and rising demand prices.
Similarly, ShareKhan expects to profit from his paint business to rise by more than 61% to Rs 926 crore, while earnings for the quarter ended June increased by 47.5% to his will be Rs 8,237 crore.
The brokerage expects year-over-year and quarter-to-quarter gross margin declines, driven by high inflation, to decline 26% year-over-year, partially offset by improved mix. prize. He advised heeding comments on the outlook for commodity price inflation and rising demand prices.
Similarly, ShareKhan said he expects to profit from his painting business to increase by more than 61% to Rs 926 million, while earnings for the quarter ended June increased by 47.5% to Rs 8,237 million. I’m here.
The broker says its focus on economic segments and growing market share have driven strong revenue growth, with higher prices accompanied by consistent improvements in gross margins despite higher prices for key commodities It said it was partially offset by an unfavorable product mix.