InvestorQ : What explains the smart quarterly results announced by Asian Paints in the Mar-21 quarter?
Katherine Gonsalves made post

What explains the smart quarterly results announced by Asian Paints in the Mar-21 quarter?

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rhea Babu answered.
1 month ago
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India’s largest paint and interior enhancement company, Asian Paints, reported an 84% spike in consolidated net profit at Rs.852 crore for the Mar-21 quarter. Even the total sales revenues from operations of Asian Paints were up 43% at Rs.6,651 crore. The sharp growth could be partly assigned to the base effect as mar-20 quarter was a particularly weak quarter in terms of sales and profit performance of most consumer product companies.

Operating EBITDA or the earnings before interest, tax, depreciation and amortization, for the quarter ended Mar-21 was up by 53% at Rs.1,318 crore. The CEO of the company affirmed that the latest quarter had witnessed solid traction across rural and urban markets. To an extent, the pent up demand and the festive season played a part. Full year profits for FY21 were higher by 16% at Rs.3,139 crore for India’s largest paints company.

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