Mumbai, October 25, 2016: Asian Paints today announced their financial results
for the quarter and six months ended September 30, 2016.
“The decorative business segment in India registered double digit growth in the
quarter. However a prolonged monsoon did affect demand in West and Central India. Good
demand conditions in the Auto OEM and General Industrial business segment led to improved
performance of the Automotive coatings JV (PPG-AP). In the Industrial Coatings JV (APPPG),
the Industrial Liquid Paints segment continued to grow well in the second quarter.
The international business reported good numbers specifically aided by contribution from
good pick-up in demand in Nepal, Fiji and certain units in the Middle East. The Kitchen
business (Sleek) and Bath business (ESS ESS) in the Home Improvement category registered
good growth in the current quarter” said K.B.S. Anand, Managing Director & CEO, Asian
Paints Limited.
Asian Paints Consolidated Results, Q2-FY’17:
For the quarter ended September 30, 2016, on consolidation of accounts of the subsidiaries
and associate of Asian Paints – Income from operations has risen by 10.2% to ` 4,232.46 crores
from ` 3,839.66 crores. Profit before depreciation interest and tax (PBDIT) for the group
increased by 17.3% to ` 712.98 crores from ` 608.01 crores. Profit Before Tax (PBT) increased
by 18.1% to ` 701.72 crores from ` 593.97 crores. Net Profit after Non-controlling Interest
increased by 17.9% to ` 475.94 crores as compared to ` 403.70 crores in the previous
corresponding period.
The Board of Directors approved the payment of an interim dividend of ` 2.65 per share
(265 %). The company distributed an interim dividend of ` 2.20 per share (220%) for H1- FY
2016. Total dividend of ` 7.50 per share (750%) was distributed in FY 2016. The dividend payout
ratio was 54.1% in FY 2016.
Asian Paints Consolidated Results, H1-FY’17:
For the six months ended September 30, 2016, Asian Paints Group Income from operations
has increased by 10.2% to ` 8,314.54 crores from ` 7,542.70 crores. Profit before depreciation
interest and tax (PBDIT) for the group has increased by 19.2% to ` 1,533.23 crores from
` 1,286.61 crores. Profit Before Tax (PBT) increased by 19.4% to ` 1,502.04 crores from
` 1,258.29 crores. Net Profit after Non-controliing Interest increased by 17.9% to ` 1,010.99
crores as compared to ` 857.41 crores in the previous corresponding period.
Asian Paints Standalone Results, Q2-FY’17:
For the quarter ended September 30, 2016, Income from operations increased by 10.2% to
` 3,553.23 crores from ` 3,224.15 crores. PBDIT for the quarter increased by 17.6% to ` 631.25
crores from ` 536.95 crores. Net Profit increased by 17.4% to ` 435.27 crores as compared to
` 370.75 crores in the previous corresponding period.
Asian Paints Standalone Results, H1-FY’17:
For the six months ended September 30, 2016, Income from operations increased by 10.2% to
` 6,960.96 crores from ` 6,317.35 crores. PBDIT for the period increased by 18.8% to ` 1361.38
crores from ` 1,145.77 crores. Net Profit on a standalone basis increased by 17.3% to ` 936.45
crores as compared to ` 798.29 crores in the previous corresponding period.
For more information please visit: www.asianpaints.com
