Asian Paints Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Ended December 31, 2016
January 23, 2017 at 12:00 pm
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Asian Paints Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine ended December 31, 2016. For the quarter, on the standalone basis, total income from operation was INR 36,373.2 million against INR 36,114.0 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 5,963.7 million against INR 6,540.2 million a year ago. Profit from ordinary activities before tax was INR 6,441.5 million against INR 6,385.1 million a year ago. Net profit from ordinary activities after tax was INR 4,258.3 million or INR 4.44 per basic and diluted share (no annualized) against INR 4,235.7 million or INR 4.42 per basic and diluted share (no annualized) a year ago.
For the nine months, on the standalone basis, total income from operation was INR 105,982.8 million against INR 99,287.5 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 18,106.6 million against INR 16,857.5 million a year ago. Profit from ordinary activities before tax was INR 20,134.0 million against INR 17,963.1 million a year ago. Net profit from ordinary activities after tax was INR 13,854.5 million or INR 14.20 per basic and diluted share (no annualized) against INR 12,204.3 million or INR 12.74 per basic and diluted share (no annualized) a year ago.
For the quarter, on the consolidated basis, total income from operation was INR 43,539.9 million against INR 42,451.6 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 6,908.1 million against INR 7,160.8 million a year ago. Profit from ordinary activities before tax was INR 7,230.9 million against INR 6,980.0 million a year ago. Net profit from ordinary activities after tax was INR 4,766.1 million or INR 4.86 per basic and diluted share (no annualized) against INR 4,706.1 million or INR 4.89 per basic and diluted share (no annualized) a year ago.
For the nine months, on the consolidated basis, total income from operation was INR 126,685.3 million against INR 117,878.6 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 20,542.1 million against INR 18,686.9 million a year ago. Profit from ordinary activities before tax was INR 22,251.3 million against INR 19,562.9 million a year ago. Net profit from ordinary activities after tax was INR 14,976.1 million or INR 15.4 per basic and diluted share (no annualized) against INR 13,398.3 million or INR 13.83 per basic and diluted share (no annualized) 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%).