Asian Paints Q4 consol net profit rises 1.3% to Rs 1,275 crore, Revenue down marginally

Asian Paints reported its Q4 consolidated financial results on Thursday. The company reported a mere 1.3% increase in its consolidated net profit of 1,275.3 crore rupees in the year. However, the revenue of the company fell marginally by 0.64% to 8,730.76 crore rupees from 8,787.34 crore rupees last year. 

Key takeaways from Asian Paints Earnings Performance:

• Consolidated net profit rose 1.3% to 1,275.3 crore rupees.
• Revenue dips 0.64% to 8,730.76 crore rupees.
• EBITDA down 9.3% to 1,692 crore rupees on year.
• BoD recommended a final dividend of 28.15 rupees per share.

The Directors of the company recommended a final dividend of 28.15 rupees per share.

Read More about Asian Paints Share Price Here!!

The company attributed revenue decline to weak demand conditions and low trading in premium segments. However, the company is confident about the demand pickup with the onset of monsoon, said Amit Syngle, the company’s Managing Director and CEO.

The company’s earnings before interest, tax, depreciation and amortisation (EBITDA) for the quarter ended March plunged 9.3% to 1,692 crore rupees.