Asian Paints Ltd reports consolidated net profit of Rs. 1238.34 crore in Q3FY21

ASIAN PAINTS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.6886.39 crores during the period ended December 31, 2020 as compared to Rs.5432.86 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.1238.34 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.830.37 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.12.91 for the period ended December 31, 2020 as compared to Rs.8.66 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 6886.39 crs	₹ 5432.86 crs	26.75%
Net Profit	₹ 1238.34 crs	₹ 830.37 crs	49.13%
EPS	₹ 12.91	₹ 8.66	49.08%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.6886.39 crores during the period ended December 31, 2020 as compared to Rs.5490.11 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.1238.34 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.764.43 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.12.91 for the period ended December 31, 2020 as compared to Rs.7.97 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 6886.39 crs	₹ 5490.11 crs	25.43%
Net Profit	₹ 1238.34 crs	₹ 764.43 crs	62%
EPS	₹ 12.91	₹ 7.97	61.98%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.15289 crores during the 9 months period ended December 31, 2020 as compared to Rs.15824.17 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.2287.16 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.2243.28 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.23.84 for the 9 months period ended December 31, 2020 as compared to Rs.23.39 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 15289 crs	₹ 15824.17 crs	-3.38%
Net Profit	₹ 2287.16 crs	₹ 2243.28 crs	1.96%
EPS	₹ 23.84	₹23.39	1.92%

"Demand conditions continued to exhibit a strong recovery across business segments, spread over most regions in the third quarter of this financial year. The domestic Decorative business delivered a powerful performance with more than 30% volume growth led by a strong performance in premium and luxury portfolios. The Home Décor foray of Asian Paints got a big fillip from a strong performance of the Home Improvement business. The Industrial coatings business delivered a robust performance, particularly in Protective coatings and Auto OE businesses which rebounded in a big way, benefited by resurgence in the industrial activity. The International business recorded a double-digit volume growth, strongly led by good growth in Asia and Middle East. Profitability across businesses has been well supported by a good Sales mix and some excellent work in cost optimization & sourcing measures pursued strongly through innovation programs" said Amit Syngle, Managing Director & CEO, Asian Paints Limited.

Shares of ASIAN PAINTS LTD. was last trading in BSE at Rs.2697.9 as compared to the previous close of Rs. 2645.6. The total number of shares traded during the day was 102709 in over 9026 trades.

The stock hit an intraday high of Rs. 2706 and intraday low of 2645.1. The net turnover during the day was Rs. 275696977.

Source : Equity Bulls

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