NewswireToday - /newswire/ - Mumbai, India, 2013/01/31 - Asian Paints announced its financial results for the Quarter and Nine Months ended December 31, 2012 - Consolidated PAT after Minority Interest for the Quarter up by 30.5% - AsianPaints.com.

• Growth in the 3rd quarter was good for decorative business across the country. Quarter witnessed improved demand conditions during Diwali season.
• Industrial business was impacted due to poor demand from projects business and slowdown in OEM segment.
• International business has registered strong performance with in the Middle East and Asia region, which is reflected in the consolidated numbers.

ON A CONSOLIDATED BASIS
• For the 3 months ended Dec 31, 2012

• Income from operations grew by 19% to Rs 3052.9 crores as compared to Rs 2567.0 crores in the previous year.

• PBDIT increased by 26% to Rs 510.4 crores from Rs 405.1 crores.

• PAT after Minority Interest increased by 30.5% to Rs 335.2 crores from Rs 256.9 crores last year.

For the 9 months ended Dec 31, 2012

• Income from operations grew by 16.2% to Rs 8237.3 crores as compared to Rs 7089.4 crores in the previous year.
•
PBDIT increased by 18.4% to Rs 1338.6 crores from Rs 1130.8 crores.

• PAT after Minority Interest increased by 18.3% to Rs 862.8 crores from Rs 729.3 crores last year.

FOR THE STANDALONE COMPANY, For the 3 months ended Dec 31, 2012
• Income from operations grew by 20.0% to Rs 2536.97 crores as compared to Rs 2114.18 crores in the previous year.
• PBDIT has increased by 22.9% to Rs. 451.23 crores from Rs 367.12 crores
• Net profit was up by 24.6% to Rs. 312.03 crores from Rs. 250.48 crores last year.

For the 9 months ended Dec 31, 2012
• Income from operations grew by 14.4% to Rs 6739.19 crores as compared to Rs 5888.36 crores in the previous year.
• PBDIT has increased by 17.6 % to Rs 1193.25 crores from Rs 1014.39 crores
• Net profit was up by 13.5% to Rs. 810.44 crores from Rs. 713.80 crores last year.

Softening in prices of Titanium Dioxide and some other chemicals was observed during Q3FY13.
For Decorative products, Material price index for Q3 was at 102.56 with 2011-12 as base 100 and for YTD Dec 2012, index was at 105.56. Material price index for Q2-FY13 was 107.71 and Q1-FY13 was 106.67.

The construction work at the Khandala plant near Pune in Maharashtra is on schedule. The first phase of 3,00, 000 KL per annum is expected to be on stream in Q4-FY13. The plant can be further scaled upto 4,00, 000 KL per annum.

Written by / Agency / Source: Asian Paints Limited

Availability: All Regions (Including Int'l)

Traffic Booster: [/] Quick NewswireToday Visibility Checker

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