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- ASIAN PAINTS Announces Quarterly Results (2QFY21); Net Profit Up 1.3%
ASIAN PAINTS Announces Quarterly Results (2QFY21); Net Profit Up 1.3%
Fri, 23 Oct
ASIAN PAINTS has announced its results for the quarter ended September 2020. Here is a detailed performance review of the same:
ASIAN PAINTS Quarterly Financials
| No. of Mths Qtr. Ending | 3 Sep-19* | 3 Jun-20* | 3 Sep-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 50,507 | 29,227 | 53,502 | 83.1% | 5.9% |
| Other income | Rs m | 1,052 | 471 | 826 | 75.5% | -21.4% |
| Turnover | Rs m | 51,558 | 29,698 | 54,329 | 82.9% | 5.4% |
| Expenses | Rs m | 40,958 | 24,384 | 40,850 | 67.5% | -0.3% |
| Gross profit | Rs m | 9,548 | 4,843 | 12,652 | 161.3% | 32.5% |
| Depreciation | Rs m | 1,972 | 1,912 | 1,936 | 1.3% | -1.8% |
| Interest | Rs m | 259 | 201 | 205 | 1.9% | -20.9% |
| Profit before tax | Rs m | 8,369 | 3,200 | 11,337 | 254.2% | 35.5% |
| Tax | Rs m | 72 | 862 | 2,936 | 240.8% | 3961.1% |
| Profit after tax | Rs m | 8,296 | 2,339 | 8,401 | 259.2% | 1.3% |
| Gross profit margin | % | 18.9 | 16.6 | 23.6 | ||
| Effective tax rate | % | 0.9 | 26.9 | 25.9 | ||
| Net profit margin | % | 16.1 | 7.9 | 15.5 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 5.9% on a year-on-year (YoY) basis. The expenses were down by 0.3% YoY during the same period.
- The company's operating profit increased by 32.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.6% in 2QFY21 as against 18.9% in 2QFY20.
- Depreciation charges declined by 1.8% and finance costs declined by 20.9% YoY, respectively.
- Other income declined by 21.4% YoY during the quarter.
- Net profit for the quarter increased by 1.3% YoY. Net profit margins during the quarter declined from 16.1% in 2QFY20 to 15.5% in 2QFY21.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 83.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 67.5% QoQ during the same period.
- The company's operating profit increased by 161.3% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 23.6% in 2QFY21 as against 16.6% in 1QFY20.
- Net profit for the quarter increased by 259.2% QoQ, while net profit margins increased from 7.9% in 1QFY20 to 15.5% in 2QFY21.
To see how ASIAN PAINTS has performed over the last eight quarters,please visit here.
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ASIAN PAINTS Share Price Performance
Over the last one year, ASIAN PAINTS share price has moved up from Rs 1,766.4 to Rs 2,115.9, registering a Gain of Rs 349.5 or around 19.8%.
Overall, the S&P BSE SENSEX is up 4.5% over the year.
Current Valuations
At the current price of Rs 2,115.9, the price to earnings (P/E) ratio of ASIAN PAINTS stands at 87.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 20.0 times.
Related Views on News
ASIAN PAINTS 2019-20 Annual Report Analysis (Annual Result Update)
Aug 5, 2020 | Updated on Aug 5, 2020Here's an analysis of the annual report of ASIAN PAINTS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of ASIAN PAINTS. Also includes updates on the valuation of ASIAN PAINTS.
ASIAN PAINTS Announces Quarterly Results (1QFY21); Net Profit Down 64.6% (Quarterly Result Update)
Jul 30, 2020 | Updated on Jul 30, 2020For the quarter ended June 2020, ASIAN PAINTS has posted a net profit of Rs 2 bn (down 64.6% YoY). Sales on the other hand came in at Rs 29 bn (down 43.0% YoY). Read on for a complete analysis of ASIAN PAINTS's quarterly results.
ASIAN PAINTS Announces Quarterly Results (3QFY20); Net Profit Up 20.4% (Quarterly Result Update)
Jan 23, 2020 | Updated on Jan 23, 2020For the quarter ended December 2019, ASIAN PAINTS has posted a net profit of Rs 8 bn (up 20.4% YoY). Sales on the other hand came in at Rs 54 bn (up 2.4% YoY). Read on for a complete analysis of ASIAN PAINTS's quarterly results.
ASIAN PAINTS 2018-19 Annual Report Analysis (Annual Result Update)
May 30, 2019 | Updated on May 30, 2019Here's an analysis of the annual report of ASIAN PAINTS for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of ASIAN PAINTS. Also includes updates on the valuation of ASIAN PAINTS.
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