“The company registered satisfactory growth inspite of the challenging environment. We witnessed slowdown in demand conditions in the quarter” said K.B.S Anand, Managing Director & CEO, Asian Paints Limited
“Industrial paints segment continues to be impacted due to economic slowdown. Automotive coatings growth was affected due to subdued demand in the auto sector. International Business has recorded a good performance. Middle East has done well even though political events and macro economic uncertainty in some countries continue” he added.
Asian Paints Consolidated Results: Q4-FY’2013
For the quarter ended March 31, 2013, on consolidation of accounts of the subsidiaries and joint ventures of Asian Paints Income from Operations increased by 7.5% to 2733.1 crores from 2542.9 crores. PBDIT for the quarter increased by 4% to 393 crores as compared to 378 crores of the previous year. Net Profit for the quarter stood at 251.1 crores.
Asian Paints Consolidated Results: FY’2013
For the year ended March 31, 2013, on consolidation of accounts of the subsidiaries and joint ventures of Asian Paints Income from Operations increased by 13.9% to 10970.7 crores from 9632.2 crores. PBDIT increased by 14.8% to 1731.9 crores as compared to 1508.8 crores of the previous year. Net Profit of the group increased by 12.7% to 1113.9 crores from 988.7 crores.
The Board of Directors recommended the payment of final dividend of 36.50 per share (365%). An interim dividend of 9.50 per share (95%) was distributed in FY’12-13. Thus total dividend announced for FY’12-13 will be 46/- per share (460%). The total dividend for the year FY’11-12 was 40/- per share (400%).
The Board of Directors have approved the sub-division of each equity share of the face value of ` 10 each into 10(Ten) equity shares with a face value of ` 1 each.
Asian Paints Standalone Results: Q4-FY’2013
For the quarter ended March 31, 2013, Income from Operations has increased by 7.5 % to 2232.5 crores from 2075.8 crores. PBDIT for the quarter increased by 4.9% to 354 crores from 337.4 crores. Net Profit on a Standalone basis stood at 239.6 crores.
Asian Paints Standalone Results: FY’2013
For the year ended March 31, 2013, Income from Operations increased by 12.7 % to 8971.7 crores from 7964.2 crores. PBDIT for the year increased by 14.5 % to 1547.3 crores as compared to 1351.8 crores in the previous year. Net Profit on a standalone basis increased by 9.6 % to 1050.0 crores from 958.4 crores in the previous year.
About Asian Paints Limited
Asian Paints is India’s largest paint company and ranked among the top ten Decorative coatings companies in the world with a consolidated turnover of ` 109.70 billion. Asian Paints along with its subsidiaries have operations in 17 countries across the world with 24 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints Egypt, Asian Paints, Apco Coatings and Taubmans.