You are here: Home » Companies » Results
Business Standard

Asian Paints Q4 results: Net profit declines marginally to Rs 850 cr

Consolidated sales increased 20.6% to Rs 7,890 cr in Q4FY22, the company said on Tuesday

Topics
Asian Paints | Q4 Results

BS Web Team  |  New Delhi 

Asian Paints
Asian Paints

Asian Paints' consolidated net profit fell marginally to Rs 850.42 crore in Q4FY22 as compared to year-ago period. Revenue from operations increased 18.66% to Rs 7,892.67 crore.

Consolidated sales increased 20.6% to Rs 7,890 crore in Q4FY22 over Q4FY21, the company said on Tuesday. Profit before exceptional items and tax increased 12.8% to Rs 1,304.88 crore from Rs 1,156.31 crore.

PBDIT (profit before depreciation, interest, tax, other income, and exceptional items) (before share in profit of associates) increased 9.5% to Rs 1,443.29 crore from Rs 1,318.26 crore. PBDIT margin improved from 12.9% in Q2 to 18.3% in Q4.

For the year, Asian Paints' consolidated sales increased 34.6% to Rs 28,923.48 crore from Rs 21,485.20 crore in the year ended March 2021.

Profit before exceptional items and tax marginally decreased to Rs 4,303.42 crore in FY22 from Rs 4,304.35 crore in FY21.

PBDIT (before share in profit of associates) decreased 1.1% to Rs 4,803.61 crore from Rs 4,855.60 crore, due to lower profits in international operations on account of higher inflationary conditions, despite a value growth of 16.3% in international operations.

The board recommended a final dividend of Rs 15.50 per equity share.

It was yet another quarter of solid and strong double-digit value growth across all businesses, despite the prevailing uncertainty around Covid, macro-economic challenges and heightened geopolitical tensions," Managing Director & CEO Amit Syngle said.

The domestic decorative business grew strongly, registering 8% volume growth and 20% revenue growth on a high base, while international business managed to deliver double-digit revenue growth for the quarter despite severe challenges in key markets, he added.

"The Industrial Coatings business closed the quarter with another round of robust double-digit revenue growth with continued momentum in the Protective Coatings segment. The scale-up in the Home Decor business continued unhindered, making further inroads through network expansion and introduction of unique value propositions for its customers," Syngle said.

The current economic crisis in Sri Lanka has led to currency devaluation. This has resulted in recognition of exceptional item of Rs 48.50 crore towards exchange loss arising on foreign currency obligations of Causeway Paints Lanka ("Causeway Paints") in the consolidated financial for the quarter and year ended March 31, 2022, the company said in a stock exchange filing. Consequent to the currency devaluation, foreign currency translation loss of Rs 139.87 crore is recognised in the 'Other Comprehensive Income' in consolidated financial for the quarter and year ended March 31, 2022.

is India's leading paint company and ranked among the top ten Decorative coatings in the world.

Shares of were up 2.97% at Rs 3099 on the BSE.

Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.
We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

First Published: Tue, May 10 2022. 15:38 IST
RECOMMENDED FOR YOU
.