Leading paint maker Asian Paints registered a web revenue of Rs 870 crore within the January-March quarter of the monetary 12 months 2020-21, in comparison with Rs 480 crore within the corresponding quarter of the earlier fiscal, marking a progress of 84 per cent year-on-year. The firm’s income from operations on a consolidated foundation stood at Rs 6,651.43 crore, in comparison with Rs 4,635.59 crore within the year-ago interval. The income rose extra than 43 per cent within the quarter-ending March’21 of the fiscal 12 months 202-21.
Asian Paint’s complete earnings for the fourth quarter of fiscal 2020-21 stood at Rs 6,726.84 crore, in comparison with 4,691.39 crore within the year-ago interval. The revenue earlier than tax (from the persevering with operations) elevated 18.Four per cent to Rs 4,304.35 crores from Rs 3,633.99 crores, based on the corporate’s assertion.
”The home ornamental enterprise delivered a stellar efficiency registering a 48 per cent quantity progress within the quarter, led by sturdy progress within the premium and luxurious product vary. The house enchancment enterprise additionally grew in a giant method, registering report gross sales for the quarter aided by the foray into the house décor enterprise,” mentioned Amit Syngle, Managing Director & CEO, Asian Paints Limited.
According to a regulatory submitting by the agency to the BSE, Asian Paint’s board of administrators advisable a ultimate dividend of Rs 14.50 per fairness share. The firm distributed its first interim dividend of Rs 3.35 per fairness share in November 2020 for the monetary 12 months 202-21. According to the assertion, the entire dividend of Rs 17.85 per fairness share was distributed for fiscal 202-21, and the dividend payout ratio was 56.1 per cent.
Asian Paints, the multinational paints firm, together with its subsidiaries have operations in 15 international locations the world over with 26 paint manufacturing services, offering companies to shoppers in additional than 60 international locations.
On Wednesday, May 12, shares of Asian Paints settled 0.02 per cent decrease at Rs 2,556.10 apiece on the BSE.