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Asian Paints net profits up 28% - Views on News from Equitymaster
 
 
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  • Oct 23, 2000

    Asian Paints net profits up 28%

    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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