Asian Paints Q1 net jumps 80% to Rs 10.36 bn; revenue up 55%
Paint

Asian Paints Q1 net jumps 80% to Rs 10.36 bn; revenue up 55%

Asian Paints Ltd has reported an 80.39% increase in its consolidated net profit to Rs 10.36 billion crore for the first quarter ended on June 30, 2022, as the business grew both in volume and value.

The company had posted a net profit of Rs 5.74 billion during the April-June quarter of the previous fiscal, Asian Paints said in a regulatory filing.

Its revenue from operations was up 55 per cent to Rs 85.79 billion during the quarter against Rs 55.35 billion in the corresponding period of the previous fiscal.

Total expenses were at Rs 72.88 billion, up 48.91% in Q1/FY 2022-23 against Rs 48.94 billion in the corresponding period last year.

Commenting on the results, Asian Paints managing director and chief executive Amit Syngle said the domestic decorative business experienced good consumer demand and recorded stellar revenue growth for the quarter.

"The volume growth registered in the quarter is one of the highest in the last six quarters. The business also registered robust four-year compounded growth in volume and value terms," he said.

Asian Paints' international business also delivered double-digit revenue growth for the quarter.

See also:
Orientbell Tiles launches ‘Autumn 2.0’ - an extension to their range of Forever Tiles
Largest Ceramic Companies in India


Asian Paints Ltd has reported an 80.39% increase in its consolidated net profit to Rs 10.36 billion crore for the first quarter ended on June 30, 2022, as the business grew both in volume and value. The company had posted a net profit of Rs 5.74 billion during the April-June quarter of the previous fiscal, Asian Paints said in a regulatory filing. Its revenue from operations was up 55 per cent to Rs 85.79 billion during the quarter against Rs 55.35 billion in the corresponding period of the previous fiscal. Total expenses were at Rs 72.88 billion, up 48.91% in Q1/FY 2022-23 against Rs 48.94 billion in the corresponding period last year. Commenting on the results, Asian Paints managing director and chief executive Amit Syngle said the domestic decorative business experienced good consumer demand and recorded stellar revenue growth for the quarter. The volume growth registered in the quarter is one of the highest in the last six quarters. The business also registered robust four-year compounded growth in volume and value terms, he said. Asian Paints' international business also delivered double-digit revenue growth for the quarter.See also: Orientbell Tiles launches ‘Autumn 2.0’ - an extension to their range of Forever TilesLargest Ceramic Companies in India

Next Story
Infrastructure Transport

Mumbai-Ahmedabad Bullet Train Set to Launch by 2028

India’s first bullet train is set to revolutionize high-speed travel along the western corridor, with the Mumbai-Ahmedabad high-speed rail project aiming for a 2028 launch. This announcement marks a major milestone in India’s infrastructure goals, as it promises to reduce travel time between the two economic hubs from eight hours to just three.Spanning a planned 508-kilometre stretch, the corridor stands as a flagship example of Indo-Japanese collaboration in technology and engineering. Once operational, the train is expected to transform intercity mobility and place India among the select..

Next Story
Infrastructure Transport

Mumbai-Gandhinagar Train Service Enhances Passenger Capacity

The Mumbai Central–Gandhinagar Capital Vande Bharat Express has increased its passenger capacity by adding four additional AC chair car coaches to meet the growing commuter demand on one of India’s busiest business corridors. This upgrade, effective from 11 May, raised the train’s seating capacity from 1,128 to 1,440 passengers, allowing it to serve 936 more passengers daily in both directions. The increase was described as a practical measure to accommodate the surging demand on the busy Mumbai–Ahmedabad–Gandhinagar route, which regularly operates at over 150 percent seat occupancy...

Next Story
Infrastructure Urban

Delhi Plans 12 Sewage Plants to Clean Najafgarh Drain Efficiently

Delhi’s ambitious plan to improve the water quality of the Yamuna River has gained significant momentum as the Delhi Jal Board (DJB) has begun work on 12 new sewage treatment plants (STPs) aimed at reducing the volume of untreated sewage being discharged from the Najafgarh Drain.This initiative forms part of the ongoing efforts to clean the Yamuna and restore the river’s health, which has long been a critical environmental issue for the national capital. Given the alarming pollution levels in the Yamuna, experts and officials consider this project a vital step toward addressing the persist..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?