PRTODAY / NewswireToday Free press release distribution service network

Written by / Agency / Source: Asian Paints Limited

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!

Asian Paints Consolidated Income from Operations for the Quarter Increases by 22% - Asian Paints Limited has today announced its financial results for the quarter and year ended March 31, 2014 - AsianPaints.com
Asian Paints Consolidated Income from Operations for the Quarter Increases by 22%

 

NewswireToday - /newswire/ - Mumbai, India, 2014/05/14 - Asian Paints Limited has today announced its financial results for the quarter and year ended March 31, 2014 - AsianPaints.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

“Decorative paint demand in India remained resilient inspite of the overall sluggish environment. We registered double digit volume growth with good growth from Tier 2 & Tier 3 cities” said K.B.S. Anand, Managing Director & CEO, Asian Paints Limited.

“Industrial coatings business continues to be affected by the economic slowdown. Automotive coatings growth was subdued due to poor demand in the automotive sector. International business performed well led by good growth in some key markets like Bangladesh, Nepal and Emirates. However, performance in some markets was impacted by continued political unrest and weak economic activity. In order to expand its international presence, Asian Paints had entered into an agreement with Kadisco Chemical Industry Plc, Ehiopia to acquire 51% of its share capital”, he added.

Mr. K B S Anand further added,“ The Company is focusing on expanding the kitchen business of Sleek through expansion of the network and working on synergies with the paints dealer network. Asian Pain ts has today entered into a binding agreement with ESS ESS Bathroom Products Pvt Ltd and its promoters, to acquire its entire front end sales business including Brands, Network and Sales Infrastructure, subject to satisfaction of certain conditions precedents and applicable statutory approvals. ESS ESS Bathroom Products Pvt Ltd is a prominent player in the bath & wash business segment in India and has high quality products in this segment”.

Asian Paints Consolidated Results: Q4 - FY’2014
For the quarter ended March 31, 2014, on consolidation of accounts of the subsidiaries and joint ventures of Asian Paints Income from Operations increased by 22 % to `3307.1 crores from `2710 crores. PBDIT for the quarter increased by 23 . 4 % to `485.1 crores as compared to `393 crores of the previous year. Net Profit after Minority Interest for the quarter increased by 14.5 % to `287.4 crores from `251.1 crores.

Asian Paints Consolidated Results : FY’2014
For the year ended March 31, 2014, on consolidation of accounts of the subsidiaries and joint ventures of Asian Paints Inc ome from Operations increased by 16.2 % to `12,714.8 crores from `10, 938.6 crores. PBDIT increased by 15.4 % to `1997.9 crores as compared to `1732 crores of the previous year. Net Profit after Minority Interest of the group in creased by 9.4 % to `1218.8 crores from `1113.9 crores.

The Board of Directors recommended the payment of final dividend of `4.20 per equity share (420 %). An interim dividend of `1.10 per equity share (110 %) was distributed in FY’13 - 14. Thus total dividend announced for FY’13 - 14 will be `5.30 per equity share (530 %). The total dividend for the year FY’12 - 13 was `4 . 6 0 per equity share of face value of `1 each (460 %).

Asian Paints Standalone Results : Q4 - FY’2014
For the quarter ended March 31, 2014, Income from Operations has increased by 22.2 % to `2724 crores from `2 229.6 crores. PBDIT for the quarter increased by 19.8 % to `423.9 crores from `353.7 crores. Net Profit on a Standalone basis in creased by 11.5 % to `267.1 crores from `239.6 crores.

Asian Paints Standalone Results : FY’201 4
For the year ended March 31, 20 14, Income from Operations increased by 16.3 % to `10418.8 crores from `8960.1 crores. PBDIT for the year increased by 14.9 % to `1777.3 crores as compared to `1547.3 crores in the previous year. Net Profit on a standalone basis increased by 11.3 % to `1169.1 crores from `1050 crores in the previous year.

About Asian Paints Limited

Asian Paints (asianpaints.com) is India’s largest paint company and ranked among the top ten Decorative coatings companies in the world with a consolidated turnover of `12,714.8 crores (`127.15 billion). Asian Paints along with its subsidiaries have operations in 17 countries across the world with 2 3 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints Egypt, Asian Paints, Apco Coatings and Taubmans.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Written by / Agency / Source: Asian Paints Limited

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick Newswire Today Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Asian Paints Consolidated Income from Operations for the Quarter Increases by 22%

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name Newswire Today and LINK as the source.
 
  Is this your article?
Activate ALL web links and social stream by Upgrading to Press Release PREMIUM Plan Now!

Asian Paints Limited |
Publisher Contact: Arun Nair - AsianPaints.com 
+91 22 39818387 proffice[.]asianpaints.com
 
Newswire Today - PRZOOM / PRTODAY disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Asian Paints Limited securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!


Read Latest Articles From Asian Paints Limited / Company Profile


Read Manufacturing/Robotics Most Recent Related Newswires:

PPG Initiates Global Restructuring, Targeting $125 Million in Annual Savings
Local Manufacturing Offers Strong Growth Opportunities in the Thriving Nigeria and South Africa Cement Additives Markets Reports Frost & Sullivan
BASF Expands Automotive Refinish Coatings Manufacturing to Asia Pacific
Alstom’s South African JV Gibela Successfully Handed Over to PRASA The First X’Trapolis Mega
Neptune Lines Reduces Fuel Consumption and Emissions with Hempaguard
BASF Launches Ucrete MF40AS Industrial Flooring System on the European Market
Raritan Unveils Intelligent Cabinet Concept in Collaboration with Legrand Data Communications At Gartner Conference
Beretta Continues Global Celebration of its 490th Anniversary with Unveiling of One-of-a-Kind Shotgun in New York City
LANXESS Virkon S Proven to Kill Highly Pathogenic Avian Influenza Strains
BASF to Offer Tailor-made Product Innovation At European Coatings Show
Nexans to Drive Sustainable Transportation At its Annual Technical Conference
Tripp Lite Introduces A New Series of Pre-assembled 40 Gb to 10 Gb Breakout Fiber Patch Panels
Borealis and Asmidal Sign Memorandum of Understanding to Jointly Evaluate Opportunities for Melamine Production in Algeria
SCHOTT’s New Ultra-Thin Glass is the Thinnest, Toughest, Most Eco-Friendly Glass for Consumer Electronics
Hexagon Manufacturing Intelligence Supplies PTB with Leitz PMM-G

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
NewswireToday Celebrates 10 Years in Business


PREMIUM Members


Visit  JobsWare.com

Visit  BizJobs.com





 
  ©2016 Newswire Today — Limelon Advertising, Co.
Home | About | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneurs newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today - NOT affiliated with PRNewswire as we declined their partnership offer in 2013
 
PRTODAY & NewswireTODAY are NOT affiliated with USA TODAY (usatoday.com)