Asian Paints - Dec 2011 Results
Asian Paints Ltd today announced their financial results for the quarter and Nine months ended December 31, 2011.
“We witnessed good demand for Decorative Coatings business across the country. However, inflation and falling rupee has affected material prices, thus impacting margins” said P M Murty, Managing Director & CEO, Asian Paints Limited.
“Industrial business, including Auto continued to face challenging conditions. Political events and macro economic uncertainty in some countries continue to affect international performance though South Asia has done well.” He added.
Asian Paints Consolidated Results:
Q3 & Nine Months ended Dec 2011
For the quarter ended Dec 31, 2011,
on consolidation of accounts of the subsidiaries and joint venture of
Asian Paints –
Net Sales of the Group has increased by 22% to ` 2560.5 crores from ` 2099.6 crores as compared to the previous corresponding quarter.
PBDIT for the quarter was up by 15.3% to ` 419.9 crores as compared to ` 364.3 crores in the previous year.
Net Profit after Minority Interest increased by 16.6% to ` 256.9 crores as compared to ` 220.3 crores in the previous year.
For the Nine Months period -
Net Sales of the group increased by 23.2% to ` 7071.7 crores from ` 5740.6 crores.
PBDIT was up by 10.0% to ` 1194.7 crores as compared to ` 1086.2 crores.
Net Profit after Minority Interest increased by 11% to ` 729.3 as compared to ` 657.2 crores in the previous year.
Asian Paints Standalone Results: Q3 & Nine Months ended Dec 2011
For the quarter ended Dec 31, 2011-
Net Sales on a standalone basis increased by 20.3% to ` 2109.5 crores from ` 1754.2 crores.
PBDIT for the quarter increased by 20.5% to ` 388.3 crores as compared to ` 322.3 crores in the previous year.
Net Profit increased by 21.2% to ` 250.5 crores as compared to ` 206.6 crores in the previous year.
For the Nine Months period -
Net Sales on a standalone basis increased by 24.6% to ` 5875.2 crores from ` 4714.9 crores.
PBDIT for this period was up by 16.2% to ` 1108.1 crores as compared to ` 953.8 crores.
Net Profit increased by 18.2% to ` 713.8 crores as compared to ` 603.7 crores in the previous year.
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