Indigo Paints slips after Q1 PAT slides 16% YoY to Rs 26 cr

Indigo Paints fell 1.98% to Rs 1,446.75 after the company reported 15.59% decline in consolidated net profit to Rs 26.20 crore in Q1 FY25 as compared to Rs 31.04 crore in Q1 FY24.

However, Revenue from operations increased 7.81% YoY to Rs 310.96 crore in Q1 FY25.

Profit before tax stood at Rs 35.69 crore in the quarter ended 30 June 2024, down 15.70% from Rs 42.34 crore posted in same quarter last year.

During the quarter, the companys EBITDA slipped 3.46% to Rs 47.4 crore in Q1 FY25 as compared to Rs 49.1 crore posted in Q1 FY24.

The companys subsidiary, Apple Chemie India had recorded a stellar growth of 47.1% during the period under consideration.

On standalone basis, the companys consolidated net profit declined 15.47% to Rs 26.45 crore in Q1 FY25 as compared with Rs 31.29 crore in Q1 FY24. Revenue from operations increased 6.11% YoY to Rs 293.94 crore during the quarter.

A&P stood at 7.2% of revenue from operations, reducing from 7.6% in corresponding quarter last year.

Indigo Paints offers a wide range of interior & exterior wall paint colours, enamels & wood coatings for homes & offices.

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