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Indigo Paints - Quaterly Results

26 May 2023 Evaluate
The revenue for the March 2023 quarter is pegged at Rs. 3254.70 millions, about 12.86% up against Rs. 2883.78 millions recorded during the year-ago period.Good  Net Profit growth of 40.74% reported above the corresponding previous quarter figure of Rs. 345.87 millions to Rs. 486.77 millioins.Operating profit for the quarter ended March 2023 rose to 745.41 millions as compared to 562.74 millions of corresponding quarter ended March 2022.


(Rs. in Million)


  Quarter ended Year to Date Year ended
  202303 202203 % Var 202303 202203 % Var 202303 202203 % Var
Sales 3254.70 2883.78 12.86 10733.34 9059.75 18.47 10733.34 9059.75 18.47
Other Income 28.13 25.07 12.21 100.67 108.93 -7.58 100.67 108.93 -7.58
PBIDT 745.41 562.74 32.46 1916.00 1468.77 30.45 1916.00 1468.77 30.45
Interest 3.89 5.34 -27.15 13.76 13.30 3.46 13.76 13.30 3.46
PBDT 741.52 557.40 33.03 1902.24 1455.47 30.70 1902.24 1455.47 30.70
Depreciation 87.18 83.24 4.73 343.47 312.51 9.91 343.47 312.51 9.91
PBT 654.34 474.16 38.00 1558.77 1142.96 36.38 1558.77 1142.96 36.38
TAX 167.57 128.29 30.62 239.38 302.48 -20.86 239.38 302.48 -20.86
Deferred Tax -8.39 9.99 -183.98 -15.28 14.74 -203.66 -15.28 14.74 -203.66
PAT 486.77 345.87 40.74 1319.39 840.48 56.98 1319.39 840.48 56.98
Equity 475.88 475.69 0.04 475.88 475.69 0.04 475.88 475.69 0.04
PBIDTM(%) 22.90 19.51 17.36 17.85 16.21 10.11 17.85 16.21 10.11
Peers
Company Name CMP
Asian Paints 2406.25
Berger Paints India 452.30
Kansai Nerolac Paint 175.30
JSW Dulux 3020.75
Indigo Paints 1054.15
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