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Indigo Paints reports 12% rise in Q4 consolidated net profit

22 May 2024 Evaluate

Indigo Paints has reported results for fourth quarter (Q4) and year ended March 31, 2024.

The company has reported 9.94% rise in its net profit at Rs 53.52 crore for the quarter under review as compared to Rs 48.68 crore for the same quarter in the previous year. Total income of the company increased by 12.76% at Rs 370.18 crore for Q4FY24 as compared Rs 328.28 crore for the corresponding quarter previous year.

On consolidated basis, the company has reported 11.83% rise in its net profit at Rs 54.44 crore for fourth quarter ended March 31, 2024 as compared to Rs 48.68 crore for the same quarter in the previous year. Total income of the company increased by 18.51% at Rs 389.04 crore for Q4FY24 as compared Rs 328.28 crore for the corresponding quarter previous year.

For the year ended March 31, 2024, the company has reported 12.66% rise in its net profit at Rs 148.65 crore as compared to Rs 131.94 crore for the previous year. Total income of the company increased by 17.07% at Rs 1,268.29 crore for year under review as compared to Rs 1,083.40 crore for year ended March 31, 2023.

For the year ended March 31, 2024, on the consolidated basis, the company has reported 12.66% rise in its net profit at Rs 148.83 crore as compared to Rs 131.94 crore for the previous year. Total income of the company increased by 21.87% at Rs 1,320.30 crore for year under review as compared to Rs 1,083.40 crore for year ended March 31, 2023. 


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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