ASIAN PAINTS Announces Quarterly Results (4QFY19); Net Profit Down 1.9%

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 (4QFY19); Net Profit Down 1.9%
Fri, 10 May

ASIAN PAINTS has announced its results for the quarter ended March 2019. Here is a detailed performance review of the same:

ASIAN PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m44,92352,94050,182-5.2%11.7%
Other incomeRs m39245256925.8%45.0%
TurnoverRs m45,31553,39250,751-4.9%12.0%
ExpensesRs m36,52442,51041,953-1.3%14.9%
Gross profitRs m8,39910,4308,230-21.1%-2.0%
DepreciationRs m9141,1541,30112.8%42.2%
InterestRs m911481533.6%67.8%
Profit before taxRs m7,7869,5807,344-23.3%-5.7%
TaxRs m2,8773,2632,529-22.5%-12.1%
Profit after taxRs m4,9096,3174,816-23.8%-1.9%
Gross profit margin%18.719.716.4
Effective tax rate%37.034.134.4
Net profit margin%10.811.89.5
* 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 11.7% on a year-on-year (YoY) basis. The expenses were up by 14.9% YoY during the same period.
  • The company's operating profit declined by 2.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 4QFY19 as against 18.7% in 4QFY18.
  • Depreciation charges increased by 42.2% and finance costs increased by 67.8% YoY, respectively.
  • Other income increased by 45.0% YoY during the quarter.
  • Net profit for the quarter declined by 1.9% YoY. Net profit margins during the quarter declined from 10.8% in 4QFY18 to 9.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 5.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 1.3% QoQ during the same period.
  • The company's operating profit declined by 21.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 16.4% in 4QFY19 as against 19.7% in 3QFY18.
  • Net profit for the quarter declined by 23.8% QoQ, while net profit margins declined from 11.8% in 3QFY18 to 9.5% in 4QFY19.

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 1,214.7 to Rs 1,335.0, registering a Gain of Rs 120.3 or around 9.9%.

Overall, the S&P BSE SENSEX is up 6.6% over the year.

Current Valuations

At the current price of Rs 1,335.0, the price to earnings (P/E) ratio of ASIAN PAINTS stands at 59.0 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.2 times.

Equitymaster requests your view! Post a comment on "ASIAN PAINTS Announces Quarterly Results (4QFY19); Net Profit Down 1.9%". 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

Smallcaps Are in a Sweet Spot Again: Are You Buying?(Profit Hunter)

Jul 3, 2020

This is why I believe smallcaps are the place to be in the near future.

How to Find the Best Stocks for Day Trading - 2(Fast Profits Daily)

Jul 10, 2020

Use this method to identify the right stocks to trade intraday.

How We Made 10%+ Profits Overnight(Fast Profits Daily)

Jul 3, 2020

A simple trade in natural gas delivered more than 10% overnight. Here's how we did it...

From a 57% Fall to Gains of 168%. This is What a Smallcap Rebound Really Looks Like(Profit Hunter)

Jul 7, 2020

This smallcap is essential enough to continue business even amid a second wave of infections, or lockdown.

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

ASIAN PAINTS SHARE PRICE


Jul 16, 2020 03:35 PM

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