Asian Paints reports 19% growth in Q4 consolidated net

19 May 2015

Asian Paints has reported results for the quarter and year ended March 31, 2015

The company’s net profit at Rs 339.82 crore for the quarter ended March 31, 2015, grew by 27.24% as compared to Rs 267.07 crore for the quarter ended March 31, 2014. Its total income increased by 6.24% to Rs 2936.36 crore for the quarter under review from Rs 2763.70 crore for the corresponding quarter of the previous year.

On consolidated basis, the group’s net profit after taxes and minority interest grew by 18.63% at Rs 340.97 crore for the quarter under review as compared to Rs 287.42 crore for the corresponding quarter of the previous year. The company’s total Income stood at Rs 3577.41 crore for the quarter under review, whereas the same was at Rs 3338.19 crore for the same quarter previous year, up by 7.17%.

For the Year ended March 31, 2015, the company’s net profit registered 13.54% growth at Rs 1327.40 crore for the year ended March 31, 2015 as compared to Rs 1169.06 crore for the year ended March 31, 2014. Its total Income has increased by 11.74% to Rs 11835.65 crore for the year ended March 31, 2015 from Rs 10592.44 crore for the previous year.

The group for the year ended March 31, 2015, has posted a net profit after taxes and minority interest of Rs 1395.15 crore against Rs 1218.81 crore for the year ended March 31, 2014, up by 14.47%. Its total income also grew by 11.70% stood at Rs 14352.52 crore for the year under review against Rs 12849.03 crore for the year ended March 31, 2014.

Asian Paints’ board of directors at its meeting held on May 18, 2015, inter alia, have recommended payment of final dividend of Rs. 4.30 per equity share of the face value of Re. 1 each for the financial year ended March 31, 2015.

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