Asian Paints on Saturday announced its financial results for the third quarter and nine months ended December 31, 2011.
Net Sales of the Group increased by 22 per cent to Rs 2560.5 crore from Rs 2099.6 crore as compared to the previous corresponding quarter.
PBDIT for the quarter was up by 15.3 per cent to Rs 419.9 crore as compared to Rs 364.3 crore in the previous year. Net profit after Minority Interest increased by 16.6 per cent to Rs 256.9 crore as compared to Rs 220.3 crore in the previous year.
For the Nine Months period, Net Sales of the group increased by 23.2 per cent to Rs 7071.7 crore from Rs 5740.6 crore. PBDIT was up by 10.0 per cent to Rs 1194.7 crore as compared to Rs 1086.2 crore. Net profit after Minority Interest by 11 per cent to Rs 729.3 as compared to Rs 657.2 crore in the previous year.
“We witnessed good demand for Decorative Coatings business across the country. However, inflation and falling rupee has affected material prices, thus impacting margins” said P M Murty, Managing Director & CEO, Asian Paints.
“Industrial business, including Auto continued to face challenging conditions. Political events and macro-economic uncertainty in some countries continue to affect international performance though South Asia has done well,” he added.
Highlights
- Consolidated Net Sales for the Quarter up by 22 per cent
- Consolidated PAT for the Quarter up by 16.6 per cent
- Consolidated Net Sales for Nine months up by 23.2 per cent
- Consolidated PAT for Nine Months increases by 11 per cent
- Standalone Net Sales for the Quarter up by 20.3 per cent
- Standalone PAT for the Quarter up by 21.2 per cent
- Standalone Net Sales for Nine Months up by 24.6 per cent
- Standalone PAT for Nine Months up by 18.2 per cent
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