Asian Paints net profits up 28% - Views on News from Equitymaster

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Asian Paints net profits up 28%

Oct 23, 2000

Asian Paints, the market leader in the Indian paint segment, has posted a 28% rise in net profits for the second quarter ended 30th September 2000.

(Rs m) 2QFY00 2QFY01 % change
Sales 2,726.5 3,480.9 27.7%
Other Income 18.2 37.3 104.9%
Net Profit 238.6 304.6 27.7%
NPM (%) 8.8% 8.8%  
No. of shares(m) 40.1 66.9  
Diluted no. of shares (m) 66.9 66.9  
EPS 14.3 18.2  
(annualised)      

The stock is currently trading at Rs 231 at a P/E multiple of 12.6x the annualised 2QFY01 earnings.

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