ASIAN PAINTS LIMITED
Q1 FY 2011 RESULTS
COMPARISON
NON CONSOLIDATED FIGURES
The results for Q1 of FY2011 of ASIAN PAINTS present excellent performance by the company for this quarter – in comparison to Q4 FY 2010 (Previous quarter) and q1 FY2010 (corresponding quarter).
Net Sales at Rs.1491.14 cr is higher by 15% compared to previous Qtr (Rs.1296.09Cr) and by 28% compared to corresponding Qtr (Rs. 1164.82 Cr).
Total Expenditure has risen less than proportionately to Rs.1213.03 cr - by 11.9% compared to previous Qtr (Rs.1083.73 Cr) - and by 29.6% compared to corresponding Qtr (Rs.935.64 Cr).
Profit from Operations at rs.278.11 cr – is higher by 31% compared to previous quarter (Rs.212.36 Cr) - and higher by 21.4% compared to Rs.229.18 Cr).
Net Profit at Rs.200.96 cr is higher by 13.5% compared to previous Qtr (Rs.177.04 Cr) – and by 22.2% compared to corresponding Qtr (Rs.164.45 cr).
Basic EPS is Rs. 20.95 – compared to Rs.18.46 (+13.5%) in previous qtr and compared to Rs.17.14 (+22.2%) in corresponding Qtr.
PE RATIO : The current Market price is rs.2440/- which on the likely EPS for FY2011 (20.95 x 4) of about 84 + will yield a forward PE ratio of 29.
On 31.05.2011, Asian Paints has Signed an MOU with Maharashtra Govt. to set up a Mega Project for manufacture of Paints & Intermediates at Kesurdi in Maharashtra.
The Company's new paint plant at Rohtak in the State of Haryana has commenced commercial production, on 12.04.2010. The plant has an initial capacity of 150,000 KL per annum and can be scaled to 4,00,000 KL per annum in future expansions.
At the current rate of consistent growth, Asian Paints can improve its profitability further in coming quarters.
The consolidated figures also reveal a healthy picture. Consolidated net sales is Rs. 1830.22 cr, on which the consolidated EPS is Rs.23.16.
RESULTS IN FIGURES : (NON-CONSOLIDATED)
Jun-10 | Mar-10 | dif%1 | Jun-09 | dif%2 | |
Net Sales | 149114 | 129609 | 15 | 116482 | 28 |
SIT&WIP | -6267 | -1654 | 278.9 | -5273 | 18.9 |
Raw Materials | 87657 | 71924 | 21.9 | 65939 | 32.9 |
Traded Goods | 2885 | 1953 | 47.7 | 2714 | 6.3 |
Employees Cost | 8257 | 6706 | 23.1 | 6905 | 19.6 |
Depreciation | 2254 | 1575 | 43.1 | 1496 | 50.7 |
Total Exp.Excl.OE | 94786 | 80504 | 17.7 | 71781 | 32 |
Other Expdr | 26517 | 27869 | -4.9 | 21783 | 21.7 |
Total Expdr | 121303 | 108373 | 11.9 | 93564 | 29.6 |
Profit.Operations | 27811 | 21236 | 31 | 22918 | 21.4 |
Other Income5 | 1741 | 1911 | -8.9 | 1622 | 7.3 |
P B I&EI | 29552 | 23147 | 27.7 | 24540 | 20.4 |
Interest6 | 199 | 399 | -50.1 | 285 | -30.2 |
P A I B B EI | 29353 | 22748 | 29 | 24255 | 21 |
Excepti. Items7 | - | -1969 | 3 | ||
P B T | 29353 | 24717 | 18.8 | 24252 | 21 |
Tax expense | 9257 | 7013 | 32 | 7807 | 18.6 |
P A T | 20096 | 17704 | 13.5 | 16445 | 22.2 |
Net Profit | 20096 | 17704 | 13.5 | 16445 | 22.2 |
Dividend (%) | - | 185 | - | ||
Face Value.Rs | 10 | 10 | 0 | 10 | 0 |
Paid Up Equity | 9592 | 9592 | 0 | 9592 | 0 |
Basic EPS A EI | 20.95 | 18.46 | 13.5 | 17.14 | 22.2 |
Diluted EPS A EI | 20.95 | 18.46 | 13.5 | 17.14 | 22.2 |
Basic EPS B EI | 20.95 | 16.4 | 27.7 | 17.14 | 22.2 |
Diluted EPS B EI | 20.95 | 16.4 | 27.7 | 17.14 | 22.2 |
Public holding.% | 49.38 | 49.47 | -0.2 | 50.02 | -1.3 |
ANNOUNCEMENTS
TO THE EXCHANGE
27-07-2010 Asian Paints Limited has informed the Exchange regarding a press release dated July 27, 2010, titled "Asian Paints Consolidated Net Profit Up By 26.2 %; Consolidated Net Sales Increase by 25.3 % to Rs.1830 crores".
27-07-2010 Asian Paints Limited has informed the Exchange regarding the consolidated Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 183022 lacs for quarter ending on 30-JUN-2010 against Rs. 146023 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 22219 lacs for the quarter ending on 30-JUN-2010 against Rs. 17608 lacs for the quarter ending on 30-JUN-2009. -
27-07-2010 Asian Paints Limited has informed the Exchange regarding the standalone Results for the quarter ended on 30-JUN-2010 as follows: Net Sales of Rs. 149114 lacs for quarter ending on 30-JUN-2010 against Rs. 116482 lacs for the quarter ending on 30-JUN-2009. Net Profit / (Loss) of Rs. 20096 lacs for the quarter ending on 30-JUN-2010 against Rs. 16445 lacs for the quarter ending on 30-JUN-2009. -
31-05-2010 Asian Paints Limited has informed the Exchange regarding a press release dated May 31, 2010, titled "Asian Paints Signs MOU with Maharashtra Govt. to set up a Mega Project for manufacture of Paints & Intermediates at Kesurdi in Maharashtra".
28-05-2010 Asian Paints Limited has informed the Exchange regarding a press release dated May 28, 2010, titled "Asian Paints Net Sales increases by 18.1% in Q4-FY10, Net Profit up by 91.3% for the Quarter".
28-05-2010 Asian Paints Limited has informed the Exchange that the Board of Directors of the Company, at their meeting held on May 28, 2010, have recommended payment of final dividend of Rs.18.5 (Rupees Eighteen and Fifty Paise only) per equity share of the face value of Rs.10/- each for the financial year ended March 31, 2010. Together with the interim dividend of Rs.8.50 per equity share of the face value of Rs.10/- each approved by the Board on October 22, 2009, the total dividend aggregates to Rs.27/- (Rupees Twenty Seven only) per equity share of the value of Rs.10/- each for the financial year ended March 31, 2010.
28-05-2010 Asian Paints Limited has informed the Exchange regarding the consolidated Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 668094 lacs for year ending on 31-MAR-2010 against Rs. 546323 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 83564 lacs for the year ending on 31-MAR-2010 against Rs. 39784 lacs for the year ending on 31-MAR-2009. -
28-05-2010 Asian Paints Limited has informed the Exchange regarding the standalone Results for the year ended on 31-MAR-2010 as follows: Net Sales of Rs. 512508 lacs for year ending on 31-MAR-2010 against Rs. 427005 lacs for the year ending on 31-MAR-2009. Net Profit / (Loss) of Rs. 77450 lacs for the year ending on 31-MAR-2010 against Rs. 36236 lacs for the year ending on 31-MAR-2009. -
12-04-2010 Asian Paints Limited has informed the Exchange vide its letter dated April 12, 2010 that:"The Company's new paint plant at Rohtak in the State of Haryana has commenced commercial production, today after the formal inauguration. The plant has an initial capacity of 150,000 KL per annum and can be scaled to 4,00,000 KL per annum in future expansions. This state-of-the-art facility has been commissioned on schedule. The plant has been set up at a project cost of approximately Rs. 500 crores (for the initial 1.5 lakh per annum KL capacity, including land).This plant has been built to very exacting and contemporary Environment, Health and Safety standards".
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