Asian Paints Limited reported audited standalone and unaudited consolidated earnings results for the third quarter and nine ended December 31, 2017. For the quarter, on the standalone basis, total income from operation was INR 35,874.3 million against INR 36,373.2 million a year ago. Profit before tax was INR 8,031.2 million against INR 6,441.5 million a year ago. Net profit was INR 5,289.7 million or INR 5.51 per basic and diluted share (no annualized) against INR 4,258.3 million or INR 4.44 per basic and diluted share (no annualized) a year ago. PBDIT increased by 21.9% to INR 8,181.0 million from INR 6,709.3 million.

For the nine months, on the standalone basis, total income from operation was INR 107,842.0 million against INR 105,982.8 million a year ago. Profit before tax was INR 21,081.1 million against INR 20,134.0 million a year ago. Net profit was INR 14,033.7 million or INR 14.63 per basic and diluted share (no annualized) against INR 13,622.8 million or INR 14.20 per basic and diluted share (no annualized) a year ago. PBDIT increased by 5.1% to INR 21,352.7 million from INR 20,323.1 million.

For the quarter, on the consolidated basis, total income from operation was INR 42,674.9 million against INR 42,740.5 million a year ago. Profit before tax was INR 8,585.5 million against INR 7,174.5 million a year ago. Net profit was INR 5,672.1 million or INR 5.78 per basic and diluted share (no annualized) from continuing and discontinuing operations against INR 4,893.1 million or INR 4.86 per basic and diluted share (no annualized) from continuing and discontinuing operations a year ago. Profit from continuing operations was INR 5,672.1 million or INR 5.78 per basic and diluted share (no annualized) against INR 4,744.1 million or INR 4.76 per basic and diluted share (no annualized) a year ago. Profit before depreciation interest and tax (PBDIT) for the group increased by 17.7% to INR 8,911.8 million from INR 7,570.2 million.

For the nine months, on the consolidated basis, total income from operation was INR 127,699.3 million against INR 124,843.6 million a year ago. Profit before tax was INR 22,848.7 million against INR 22,366.0 million a year ago. Net profit was INR 16,016.1 million or INR 16.24 per basic and diluted share (no annualized) from continuing and discontinuing operations against INR 15,366.3 million or INR 15.40 per basic and diluted share (no annualized) from continuing and discontinuing operations a year ago. Profit from continuing operations was INR 15,316.1 million or INR 15.52 per basic and diluted share (no annualized) against INR 15,143.1 million or INR 15.23 per basic and diluted share (no annualized) a year ago. Profit before depreciation interest and tax (PBDIT) for the group has increased by 3.5% to INR 23,576.8 million from INR 22,785.9 million.

The CapEx plan for the stand-alone company for the current year is about INR 12,000 million. This includes about INR 10,000 million under 2 new paint manufacturing facilities being set up at Mysuru and Karnataka and Vizag and Andhra Pradesh in South India. The first wave of both those plants will be commissioned in the next financial year.