Asian Paints Limited Announces Audited Standalone and Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2012
January 21, 2013 at 01:05 pm
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Asian Paints Limited announced audited standalone and unaudited consolidated financial results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported on standalone basis net sales/income from operations (net of excise duty) of INR 25,239.1 million against INR 21,031.1 million a year ago. Profit from operations before income and finance costs was INR 4,211.5 million against INR 3,422.3 million a year ago. Profit from ordinary activities before tax was INR 4,493 million against INR 3,568.8 million a year ago. Net profit from ordinary activities after tax was INR 3,120.3 million or INR 32.53 per basic and diluted share against INR 2,504.8 million or INR 26.11 per basic and diluted share a year ago.
For the nine months, the company reported on standalone basis net sales/income from operations (net of excise duty) of INR 67,042.3 million against INR 79,247 million a year ago. Profit from operations before income and finance costs was INR 11,063.9 million against INR 9,404.1 million a year ago. Profit from ordinary activities before tax was INR 11,651.2 million against INR 10,161.2 a year ago. Net profit from ordinary activities after tax was INR 8,104.4 million or INR 84.49 per basic and diluted share against INR 7,138 million or INR 74.42 per basic and diluted share a year ago.
For the quarter, the company reported on consolidated basis net sales/income from operations (net of excise duty) of INR 30,371.4 million against INR 25,588.6 million a year ago. Profit from operations before income and finance costs was INR 4,738.2 million against INR 3,744.7 million a year ago. Profit from ordinary activities before tax was INR 4,968.8 million against INR 3,798.9 million a year ago. Net profit from ordinary activities after tax was INR 3,352.3 million or INR 34.95 per basic and diluted share against INR 2,568.6 million or INR 26.78 per basic and diluted share a year ago.
For the nine months, the company reported on consolidated basis net sales/income from operations (net of excise duty) of INR 81,923.4 million against INR 70,606.6 million a year ago. Profit from operations before income and finance costs was INR 12,328.8 million against INR 10,410.7 million a year ago. Profit from ordinary activities before tax was INR 12,785.9 million against INR 10,796.9 a year ago. Net profit from ordinary activities after tax was INR 8,627.7 million or INR 89.94 per basic and diluted share against INR 7,292.5 million or INR 76.03 per basic and diluted share a year ago.
Asian Paints is the Indian No. 1 and world's No. 3 in manufacturing and marketing paints and surfaces coating products. Net sales by product family and services as follows:
- paints and surfaces coating products (98.9%): decorative and industrial paints, enameling products, wood varnishes and car paints under Apex, Ace, Roÿale, Utsav, Tractor, Premium, Berger, Scib, Apco and Taubmans brands;
- home improvement services (1.1%).
Asian Paints Limited Announces Audited Standalone and Unaudited Consolidated Financial Results for the Third Quarter and Nine Months Ended December 31, 2012