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SIRCA Paints India - Quaterly Results

16 May 2023 Evaluate
A decent increase of about 26.20% in the sales to Rs. 682.73 millions was observed for the quarter ended March 2023. The sales figure stood at Rs. 540.98 millions during the year-ago period.Handsome Net Profit growth of 53.32% reported above the corresponding previous quarter figure of Rs. 94.86 millions to Rs. 61.87 millions.Operating profit surged to 142.46 millions from the corresponding previous quarter of 102.33 millions.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 682.73 540.98 26.20 2677.49 2000.25 33.86 2677.49 2000.25 33.86
Other Income 11.23 8.20 36.95 48.44 44.01 10.07 48.44 44.01 10.07
PBIDT 142.46 102.33 39.22 665.58 421.59 57.87 665.58 421.59 57.87
Interest 0.02 0.12 -83.33 0.39 0.78 -50.00 0.39 0.78 -50.00
PBDT 142.44 102.21 39.36 665.19 420.81 58.07 665.19 420.81 58.07
Depreciation 12.55 11.58 8.38 44.11 41.27 6.88 44.11 41.27 6.88
PBT 129.89 90.63 43.32 621.08 379.54 63.64 621.08 379.54 63.64
TAX 35.03 28.76 21.80 159.99 102.27 56.44 159.99 102.27 56.44
Deferred Tax -1.26 7.29 -117.28 0.12 6.26 -98.08 0.12 6.26 -98.08
PAT 94.86 61.87 53.32 461.09 277.27 66.30 461.09 277.27 66.30
Equity 274.04 274.04 0.00 274.04 274.04 0.00 274.04 274.04 0.00
PBIDTM(%) 20.87 18.92 10.31 24.86 21.08 17.94 24.86 21.08 17.94
Peers
Company Name CMP
Asian Paints 2415.30
Berger Paints India 453.05
Kansai Nerolac Paint 177.55
JSW Dulux 3179.15
Indigo Paints 1107.25
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