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Indigo Paints reports 58% rise in Q1 consolidated net profit

08 Aug 2023 Evaluate

Indigo Paints has reported results for first quarter ended June 30, 2023 (Q1FY24). 

The company has reported 57.16% rise in its net profit at Rs 31.29 crore for the quarter under review as compared to Rs 19.91 crore for the same quarter in the previous year. Total income of the company increased by 24.97% at Rs 280.54 crore for Q1FY24 as compared Rs 224.48 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 58.31% rise in net profit at Rs 31.52 crore for the first quarter ended June 30, 2023 as compared to Rs 19.91 crore for the same quarter in the previous year. Total income of the company increased by 30.19% at Rs 292.24 crore for Q1FY24 as compared Rs 224.48 crore for the corresponding quarter previous year.

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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