Indigo Paints Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2024
May 22, 2024 at 10:56 am
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Indigo Paints Limited reported earnings results for the fourth quarter and full year ended March 31, 2024. For the fourth quarter, the company reported sales was INR 3,848.79 million compared to INR 3,254.7 million a year ago. Revenue was INR 3,890.38 million compared to INR 3,282.83 million a year ago. Net income was INR 536.76 million compared to INR 486.77 million a year ago. Basic earnings per share from continuing operations was INR 11.28 compared to INR 10.23 a year ago. Diluted earnings per share from continuing operations was INR 11.25 compared to INR 10.22 a year ago.
For the full year, sales was INR 13,060.86 million compared to INR 10,733.34 million a year ago. Revenue was INR 13,203.02 million compared to INR 10,834.02 million a year ago. Net income was INR 1,473.19 million compared to INR 1,319.39 million a year ago. Basic earnings per share from continuing operations was INR 30.95 compared to INR 27.73 a year ago. Diluted earnings per share from continuing operations was INR 30.87 compared to INR 27.67 a year ago.
Indigo Paints Limited is a paint manufacturing company. The Company is engaged in the manufacture and sale of decorative paints and operates its manufacturing facilities in Jodhpur (Rajasthan), Kochi (Kerala) and Pudukkottai (Tamil Nadu). Its product offerings include emulsions, enamels, water proofing solutions, wood coatings, primers and putties, and other products. It manufactures category-creator products, including metallic coat emulsions, tile coat emulsions, bright ceiling coat emulsion and floor coat emulsions in India. It offers various other types of emulsion paints, such as the dirtproof and waterproof exterior laminate, exterior and interior acrylic laminate, and enamels, such as polyurethane (PU) super gloss enamel. It offers wood paint and offers a range of options for painting wooden surfaces. It also offers aluminum paints to paint surfaces of storage tanks, metal pipes, and metal roofs. The Company's products are sold under only one brand name, Indigo.