ASIANPAINT · Consumer Durables
Asian Paints Ltd. reported revenue of ₹8,731 cr for January to March 2024, — on the year and −4.1% on the quarter.
Operating profit (EBITDA) was ₹1,691 cr, a margin of 19.4%, — on the year and −322 bps on the quarter.
Net profit was ₹1,275 cr, — on the year and −13.6% on the quarter, with earnings per share of ₹13.10.
Retail growth comes from new stores and from sales at existing stores; the statements show the total, the filing shows how much each contributed. The quarterly statements do not carry same-store sales, stores added and revenue per square foot; those come with the filing read.
On earnings per share of ₹56.92 over the last four quarters, the stock at ₹2,338.00 trades at 41.1 times trailing earnings.
Written from the quarterly statements. The filing read adds the balance sheet and cash flow filed with this quarter, the auditor's review, segment results, one-off items line by line and what management said on the call.
No check fired. That is a statement about the checks below, not a verdict on the company.
Could not run on this quarter: Headline vs core profit, Exceptional items that recur, Operating margin on the year, Depreciation falling, Finance cost rising, Swing to loss or profit, Cash behind the profit, Receivables against sales, Inventory against sales, Borrowing while holding cash, Auditor's review or audit report, IPO money used as stated, Related-party transactions, Exits, postponements, restatements, Promoter pledges and allotments, Earlier promises against delivery, When the results were filed. Most need the filing read (balance sheet, cash flow, auditor, disclosures).
This quarter's filing carries a balance sheet and a cash flow statement. The cash, receivables and borrowing checks run once the filing read is in.
| Q2 FY24 | Q3 FY24 | Q4 FY24 | Q1 FY25 | Q2 FY25 | Q3 FY25 | Q4 FY25 | Q1 FY26 | Q2 FY26 | Q3 FY26 | Q4 FY26 | Q1 FY27 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Revenue | ₹8,479 cr | ₹9,103 cr | ₹8,731 cr | ₹8,970 cr | ₹8,028 cr | ₹8,549 cr | ₹8,359 cr | ₹8,939 cr | ₹8,531 cr | ₹8,867 cr | ₹9,247 cr | ₹10,542 cr |
| YoY | — | — | — | −2% | −5% | −6% | −4% | −0% | +6% | +4% | +11% | +18% |
| EBITDA margin | 20.2% | 22.6% | 19.4% | 18.9% | 15.4% | 19.1% | 17.2% | 18.2% | 17.6% | 20.1% | 19.3% | 20.6% |
| Other income, % of PBT | 12% | 9% | 13% | 12% | 3% | 13% | −6% | 15% | 17% | 5% | 12% | 13% |
| Exceptional items | — | — | — | — | — | — | — | — | — | — | — | — |
| Tax rate | 25% | 25% | 21% | 26% | 28% | 26% | 31% | 26% | 27% | 28% | 27% | 26% |
| Net profit | ₹1,232 cr | ₹1,475 cr | ₹1,275 cr | ₹1,187 cr | ₹694 cr | ₹1,128 cr | ₹701 cr | ₹1,117 cr | ₹1,018 cr | ₹1,074 cr | ₹1,185 cr | ₹1,559 cr |
| YoY | — | — | — | −25% | −44% | −24% | −45% | −6% | +47% | −5% | +69% | +40% |
| Core profit YoY | — | — | — | −25% | −36% | −26% | −23% | −9% | +24% | +7% | +31% | +42% |
| EPS | ₹12.57 | ₹15.09 | ₹13.10 | ₹12.20 | ₹7.24 | ₹11.58 | ₹7.22 | ₹11.47 | ₹10.36 | ₹11.05 | ₹12.22 | ₹16.05 |
| Flags | · | · | · | 1 | 1 | 1 | ✓ | ✓ | 1 | ✓ | 1 | ✓ |
Each quarter is read with the same rules. Balance-sheet and cash checks run on half-year and annual quarters; filing-read checks run where a read exists.
Asian Paints Ltd. reported revenue of ₹8,731 cr (— on the year) and net profit of ₹1,275 cr (— on the year) for January to March 2024.
None of the 2 checks that could run raised a question.
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