ASIAN PAINTS Announces Quarterly Results (3QFY19); Net Profit Up 14.7%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

ASIAN PAINTS Announces Quarterly Results (3QFY19); Net Profit Up 14.7%
Thu, 24 Jan

ASIAN PAINTS has announced its results for the quarter ended December 2018. Here is a detailed performance review of the same:

ASIAN PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m42,67546,39152,94014.1%24.1%
Other incomeRs m497633452-28.6%-9.0%
TurnoverRs m43,17247,02453,39213.5%23.7%
ExpensesRs m33,76338,54942,51010.3%25.9%
Gross profitRs m8,9127,84210,43033.0%17.0%
DepreciationRs m8969471,15421.8%28.8%
InterestRs m9212114822.0%60.6%
Profit before taxRs m8,4207,4069,58029.4%13.8%
TaxRs m2,9132,4273,26334.5%12.0%
Profit after taxRs m5,5074,9796,31726.9%14.7%
Gross profit margin%20.916.919.7
Effective tax rate%34.632.834.1
Net profit margin%12.810.611.8
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 24.1% on a year-on-year (YoY) basis. The expenses were up by 25.9% YoY during the same period.
  • The company's operating profit increased by 17.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.7% in 3QFY19 as against 20.9% in 3QFY18.
  • Depreciation charges increased by 28.8% and finance costs increased by 60.6% YoY, respectively.
  • Other income declined by 9.0% YoY during the quarter.
  • Net profit for the quarter increased by 14.7% YoY. Net profit margins during the quarter declined from 12.8% in 3QFY18 to 11.8% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 10.3% QoQ during the same period.
  • The company's operating profit increased by 33.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 3QFY19 as against 16.9% in 2QFY18.
  • Net profit for the quarter increased by 26.9% QoQ, while net profit margins increased from 10.6% in 2QFY18 to 11.8% in 3QFY19.

To see how ASIAN PAINTS has performed over the last eight quarters, please visit here.

ASIAN PAINTS Share Price Performance

Over the last one year, ASIAN PAINTS share price has moved up from Rs 1,151.0 to Rs 1,409.4, registering a Gain of Rs 258.4 or around 22.5%.

Overall, the S&P BSE SENSEX is up 0.2% over the year.

Current Valuations

At the current price of Rs 1,409.4, the price to earnings (P/E) ratio of ASIAN PAINTS stands at 62.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 16.1 times.

Equitymaster requests your view! Post a comment on "ASIAN PAINTS Announces Quarterly Results (3QFY19); Net Profit Up 14.7%". Click here!

  

Related Views on News

ASIAN PAINTS Announces Quarterly Results (3QFY20); Net Profit Up 20.4% (Quarterly Result Update)

Jan 23, 2020 | Updated on Jan 23, 2020

For 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 Announces Quarterly Results (2QFY20); Net Profit Up 66.6% (Quarterly Result Update)

Oct 24, 2019 | Updated on Oct 24, 2019

For the quarter ended September 2019, ASIAN PAINTS has posted a net profit of Rs 8 bn (up 66.6% YoY). Sales on the other hand came in at Rs 51 bn (up 8.9% 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, 2019

Here'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.

ASIAN PAINTS 2017-18 Annual Report Analysis (Annual Result Update)

Aug 8, 2018 | Updated on Aug 8, 2018

Here's an analysis of the annual report of ASIAN PAINTS for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of ASIAN PAINTS. Also includes updates on the valuation of ASIAN PAINTS.

More Views on News

Most Popular

Sorry Warren Buffett, I'm Following This Man Instead of You in 2020(The 5 Minute Wrapup)

Mar 30, 2020

This man warned of an impending market correction while everyone else was celebrating the renewed optimism in early 2020...

The Biggest Trading Opportunity of 2020 is Here...

Mar 26, 2020

India's #1 trader, Vijay Bhambwani, talks about a hugely profitable trading opportunity which you must know about today!

One Stock that is All Charged Up for the Post Coronavirus Rebound(The 5 Minute Wrapup)

Apr 1, 2020

A stock with strong moat is currently trading near 5-year lows.

A Safe Stock to Lockdown Now(The 5 Minute Wrapup)

Apr 2, 2020

The market crashc has made strong, established brands attractive. Here's a stock to make the most of this opportunity...

The Insiders See a Buying Opportunity in These Smallcaps Amid Coronavirus Outbreak(Profit Hunter)

Mar 31, 2020

The promoters are buying these smallcaps amid the coronavirus outbreak.

More

How to Trade the
Coronavirus Crash

Coronavirus Crash
Get this special report, authored by Equitymaster's top analysts, now.
We will never sell or rent your email id.
Please read our Terms

ASIAN PAINTS SHARE PRICE


Apr 8, 2020 (Close)

TRACK ASIAN PAINTS

  • Track your investment in ASIAN PAINTS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

ASIAN PAINTS - BERGER PAINTS COMPARISON

COMPARE ASIAN PAINTS WITH

MARKET STATS