Asian Paints today announced its financial results for the first quarter ended June 30,2013.
Consolidated Results: Q1-FY14: For the quarter ended June 30, 2013, net profit of the group is Rs. 275.2 crores as compared to Rs. 288.4 crores in the previous corresponding quarter. Income from operations has risen by 11.6 % to Rs. 2841.1 crores from Rs. 2546.1 crores. PBDIT for the group has increased by 4% to Rs. 464.7 crores from Rs. 446.6 crores. Profit before Tax is Rs. 423.9 crores as compared to Rs. 426.2 crores in the previous corresponding quarter.
Standalone Results: Q1-FY14; For the quarter ended June 30, 2013, nnt Profit on a standalone basis increased by 3.4 % to Rs. 283.9 crores from Rs. 274.6 crores. Income from operations increased by 12.9 % to Rs. 2319.7 crores from Rs. 2054.0 crores. PBDIT for the quarter increased by 3,6 % to Rs. 419.2 crores from Rs. 404.8 crores. Profit before tax has increased by 4.8 % to Rs. 413.6 crores from Rs. 394.8 crores.
'The decorative paints business in India did well considerins the challenging and uncertain macro environment. Paints Volume grew in double digits. Raw material prices were by and large stable with a softening bias, but were affected by the Depreciation of Rupee" said K.B.S. Anand, Managing Director & CEO, Asian Paints Ltd.
"Industrial paints segment continues to be affected by the economic slowdown. Automotive coatings growth was subdued due to lower demand in the auto sector. International Business registered good growth. Middle East and Asia have done well even though some countries continued to be affected by political events and macro economic uncertainty" he added,
Consolidated Results: Q1-FY14: For the quarter ended June 30, 2013, net profit of the group is Rs. 275.2 crores as compared to Rs. 288.4 crores in the previous corresponding quarter. Income from operations has risen by 11.6 % to Rs. 2841.1 crores from Rs. 2546.1 crores. PBDIT for the group has increased by 4% to Rs. 464.7 crores from Rs. 446.6 crores. Profit before Tax is Rs. 423.9 crores as compared to Rs. 426.2 crores in the previous corresponding quarter.
Standalone Results: Q1-FY14; For the quarter ended June 30, 2013, nnt Profit on a standalone basis increased by 3.4 % to Rs. 283.9 crores from Rs. 274.6 crores. Income from operations increased by 12.9 % to Rs. 2319.7 crores from Rs. 2054.0 crores. PBDIT for the quarter increased by 3,6 % to Rs. 419.2 crores from Rs. 404.8 crores. Profit before tax has increased by 4.8 % to Rs. 413.6 crores from Rs. 394.8 crores.
'The decorative paints business in India did well considerins the challenging and uncertain macro environment. Paints Volume grew in double digits. Raw material prices were by and large stable with a softening bias, but were affected by the Depreciation of Rupee" said K.B.S. Anand, Managing Director & CEO, Asian Paints Ltd.
"Industrial paints segment continues to be affected by the economic slowdown. Automotive coatings growth was subdued due to lower demand in the auto sector. International Business registered good growth. Middle East and Asia have done well even though some countries continued to be affected by political events and macro economic uncertainty" he added,
No comments:
Post a Comment