Asian Paints' net profit increased by 44%
ECONOMY & POLICY

Asian Paints' net profit increased by 44%

In the three months ending March 31, 2023, Asian Paints' net consolidated profit increased by 43.97%. The company reported in a BSE filing that its profit after tax increased to $1,2584.1 million in Q4 FY23 from $8740.5 million in the same quarter of the previous year.

Net consolidated total income for the company increased by 11.54 percent from 79730.6 million in the same quarter previous year to 8,8928.2 million in 04 FY23.

"We had a great year with a 14% volume growth, a 20% value rise in our standalone business, and a 31% increase in net profit. Because of our ongoing efforts to improve formulation and sourcing efficiency and the slowing inflation of raw material prices, we were able to increase our margins in the quarter both compared to the previous quarter and over the same period last year. Global business performed well overall, with the Middle East and Africa performing better than Asia, according to the company's managing director and CEO, Amit Syngle.

For the fiscal year that concluded on March 31, 2023, the board of directors recommended paying a final dividend of Rs 21.25 per equity share with a face value of Re 1.

With a dividend payout ratio of 60%, the total dividend for the fiscal year that ended on March 31, 2023, came to Rs. 25.65 per equity share with a face value of Re 1 each, including the interim dividend of Rs. 4.40 per equity share that was approved by the board of directors at their meeting on October 20, 2022, and paid later.

On January 11, 2023, the business established 'Asian Paints (Polymers),' a fully-owned subsidiary, for the production of vinyl acetate monomer and vinyl acetate ethylene emulsion in India. The company invested about $2,000,000,000 in the equity share capital of Asian Paints (Polymers) for the quarter and year ending March 31, 2023.

In FY23, the company's combined net sales totaled 343680 million. Consolidated net sales rose by 10.9% to Rs 8,7508 million in 04 FY23 from Rs 7,8899 million. By FY26, it intends for Home Décor revenue to account for 8–10% of the decorative business.

In the three months ending March 31, 2023, Asian Paints' net consolidated profit increased by 43.97%. The company reported in a BSE filing that its profit after tax increased to $1,2584.1 million in Q4 FY23 from $8740.5 million in the same quarter of the previous year. Net consolidated total income for the company increased by 11.54 percent from 79730.6 million in the same quarter previous year to 8,8928.2 million in 04 FY23. We had a great year with a 14% volume growth, a 20% value rise in our standalone business, and a 31% increase in net profit. Because of our ongoing efforts to improve formulation and sourcing efficiency and the slowing inflation of raw material prices, we were able to increase our margins in the quarter both compared to the previous quarter and over the same period last year. Global business performed well overall, with the Middle East and Africa performing better than Asia, according to the company's managing director and CEO, Amit Syngle. For the fiscal year that concluded on March 31, 2023, the board of directors recommended paying a final dividend of Rs 21.25 per equity share with a face value of Re 1. With a dividend payout ratio of 60%, the total dividend for the fiscal year that ended on March 31, 2023, came to Rs. 25.65 per equity share with a face value of Re 1 each, including the interim dividend of Rs. 4.40 per equity share that was approved by the board of directors at their meeting on October 20, 2022, and paid later. On January 11, 2023, the business established 'Asian Paints (Polymers),' a fully-owned subsidiary, for the production of vinyl acetate monomer and vinyl acetate ethylene emulsion in India. The company invested about $2,000,000,000 in the equity share capital of Asian Paints (Polymers) for the quarter and year ending March 31, 2023. In FY23, the company's combined net sales totaled 343680 million. Consolidated net sales rose by 10.9% to Rs 8,7508 million in 04 FY23 from Rs 7,8899 million. By FY26, it intends for Home Décor revenue to account for 8–10% of the decorative business.

Next Story
Infrastructure Urban

Coal Ministry Achieves Milestones under Special Campaign 5.0

The Ministry of Coal and its Public Sector Undertakings (PSUs) have achieved notable milestones under the Special Campaign 5.0, focusing on cleanliness, operational efficiency, and sustainability across the coal sector. During the implementation phase from 2–31 October 2025, over 1,205 sites were cleaned, covering 68,04,087 sq ft, nearing the target of 82,51,511 sq ft. Scrap disposal of 5,813 MT against a target of 8,678 MT generated Rs 228.7 million in revenue. In addition, 1,11,248 physical and 30,331 electronic files were reviewed, with 74,123 weeded out or closed. Key initiatives showc..

Next Story
Infrastructure Energy

Vesting Orders Issued for Three Coal Blocks under Commercial Auctions

The Ministry of Coal’s Nominated Authority has issued vesting orders for three coal blocks under commercial coal block auctions on 23 October 2025. The Coal Mine Development and Production Agreements (CMDPAs) for these mines were earlier signed on 21 August 2025. The three blocks include Rajgamar Dipside (Deavnara), Tangardihi North, and Mahuagarhi. Of these, two are partially explored while one is fully explored, with a combined peak rated capacity of around 1 MTPA and geological reserves of approximately 1,484.41 million tonnes. These mines are expected to generate annual revenue of abou..

Next Story
Infrastructure Urban

TEC, IIT-Hyderabad Partner to Boost 6G and Telecom Standards

The Telecommunication Engineering Centre (TEC), technical arm of the Department of Telecommunications (DoT), has signed a Memorandum of Understanding (MoU) with the Indian Institute of Technology Hyderabad (IIT Hyderabad) for joint research and technical collaboration in advanced telecom technologies and standardisation. The partnership focuses on developing India-specific standards and test frameworks for next-generation networks, including 6G, Artificial Intelligence (AI), and Non-Terrestrial Networks (NTNs). It also aims to enhance India’s participation in international standardisation f..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?