• Login
    • Join
  • FOLLOW:
  • Subscribe Free
    • Magazine
    • eNewsletter
    Checkout
    • Magazine
    • News
    • Research
    • Markets & Technologies
    • Raw Materials
    • Top Companies
    • Directories
    • Jobs
    • Events
    • Microsites
    • More
  • Magazine
  • News
  • Research
  • Markets & Technologies
  • Raw Materials
  • Top Companies
  • Directories
  • Jobs
  • Events
  • Microsites
  • Current / Back Issues
    Features
    Business Corner
    Editorial
    Digital Edition
    eNewsletter Archive
    Our Team
    Editorial Guidelines
    Subscribe Now
    Advertise Now
    World Reports
    eBook
    Top Features
    Biocides Market Outlook - 2027

    Lab & Testing Equipment Directory

    Aerospace Coatings

    Resins Update

    Coatings World Q&A: Eileen Weber of allnex
    Breaking News
    Online Exclusives
    Distributor News
    Financial News
    Paint & Coatings Manufacturer News
    People In the News
    Price Increases
    Product News
    Raw Materials & Equipment
    Video Bites
    Suppliers News
    Live From Shows
    Top News
    Teknos Receives EcoVadis Gold Medal for Sustainability Performance

    AkzoNobel and Partners Team Up to Hack Carbon Reduction Challenges

    Five PPG Facilities in Ohio Recognized for Sustainability, Health, Safety Practices

    Award for Sustainability: Evonik Receives EcoVadis Platinum Rating Again

    HMG Paints Gets Their Running Shoes On
    Top Companies report
    Market Research
    White Papers / Tech Papers
    Technical Papers
    Product Spec Sheets
    World Reports
    Adhesives and Sealants
    Aerospace Coatings
    Architectural Coatings
    Automotive Coatings
    Automotive Refinish
    Business Operation
    Color Trends & Forecast
    Construction Chemicals
    Corrosion Control
    Industrial Coatings
    Laboratory Equipment
    Marine Coatings
    Market Trends & Forecast
    Powder Coatings
    Production Equipment
    Radcure Coatings
    Special Purpose Coatings
    Wood Coatings
    "Green" Coatings

    PPG Launches HOMAX TEX>>PRO Texture System by PPG

    New Digital Solution from Interpon Helps Customers Bring Colors to Life

    Benjamin Moore Receives Two J.D. Power Awards

    Jamestown Coating Technologies Acquires Yenkin-Majestic Industrial Paint Business

    New Appointment for AkzoNobel Industrial Coatings
    Additives
    Binders
    Pigments
    Solvents

    DIC’s Indian Subsidiary Begins Construction of Coating Resins Production Facility

    Celanese Declares Force Majeure on Acetyl Chain and Acetate Tow Products

    Perstorp Group to be Acquired by PETRONAS Chemicals Group

    Birla Carbon to Increase North American Prices

    OQ Chemicals Announces Price Increases for Oxo Intermediates in the Americas
    Company Capabilities
    Buyers Guide
    Distributor Guide
    Add New Company
    International Buyers Guide Companies
    Pilot Chemical Company

    Siltech Corporation

    W. R. Grace & Co.

    Active Minerals

    Clariant Additives
    Industry Events
    Webinars
    Live From Show Event
    Top Events
    Utech Las Americas 2022

    CPCA Annual Conference

    PAINTINDIA 2022 Exhibition

    Southern Society for Coatings Technology Annual Meeting and Technical Conference

    UTECH Middle East/Africa Foam & Polyurethane Expo
    Companies
    White Papers/Tech Papers
    Product Spec Sheets
    Equipment
    Literature/Brochures
    Videos
    International Buyers Guide Companies
    Pilot Chemical Company

    Siltech Corporation

    W. R. Grace & Co.

    Active Minerals

    Clariant Additives
    • Magazine
      • Current / Back Issues
      • Features
      • Editorial
      • Business Corner
      • Digital Edition
      • eNewsletter Archive
      • Editorial Guidelines
      • Subscribe Now
      • Advertise Now
    • Breaking News
    • Directories
      • Buyers Guide
      • Distributor Guide
      • Corporate Capabilities
      • Trade Associations
      • Add Your Company
    • Markets & Technologies
      • Adhesives and Sealants
      • Aerospace Coatings
      • Architectural Coatings
      • Automotive Coatings
      • Automotive Refinish
      • Business Operation
      • Color Trends & Forecast
      • Construction Chemicals
      • Corrosion Control
      • Industrial Coatings
      • Laboratory Equipment
      • Marine Coatings
      • Market Trends & Forecast
      • Powder Coatings
      • Production Equipment
      • Radcure Coatings
      • Special Purpose Coatings
      • Wood Coatings
      • "Green" Coatings
    • Raw Materials
      • Additives
      • Binders
      • Pigments
      • Solvents
    • World Reports
      • Africa Report
      • India/Asia Pacific Report
      • China Report
      • Europe Report
      • Latin America Report
      • Market Research
      • Russian Report
    • Top Companies
    • Online Exclusives
    • Slideshows
    • Experts Opinions
    • Blog
    • eBook
    • Infographics
    • Videos
    • Podcasts
    • Whitepapers
    • Jobs
    • Microsites
      • Companies
      • White Papers/Tech Papers
      • Product Spec Sheets
      • Equipment
      • Literature/Brochures
      • Videos
    • Events
      • Industry Events
      • Live From Show Event
      • Webinars
    • About Us
      • About Us
      • Contact Us
      • Advertise With Us
      • Privacy Policy
      • Terms of Use
    Breaking News

    Asian Paints Ops Consolidated Revenue Up 13.7 Percent For Quarter

    ...

    Asian Paints Ops Consolidated Revenue Up 13.7 Percent For Quarter
    Related CONTENT
    • Asian Paints Consolidated Revenues from Operations for the Quarter Increases 91.1%
    • Asian Paints Reports Q4, 12M FY 2020-21 Results
    • Asian Paints Announces Q3 FY2020-21 Results
    • Coatings World’s Top 10 Breaking News Stories for 2020
    • Asian Paints Announces Q2 FY2020-21 Results
    10.27.17
    Asian Paints announced its financial results for the quarter and six months (ending Sept. 30, 2017).

    “The Decorative business in India registered high single digit volume growth in the current quarter. Hence there was a recovery from Q1 which was affected by the impact of destocking due to GST,”said K.B.S. Anand, Managing Director & CEO, Asian Paints Limited. “However the impact of GST continued through July and a recovery of sorts was seen only in September. On a sequential basis, material prices remained stable, helped to an extent by the strong currency. The Automotive coatings JV (PPG-AP), witnessed subdued demand in the Auto OEM and General Industrial business segment. The performance of Industrial Coatings JV (AP-PPG) was satisfactory.

    “In the International Operations, Units in Nepal, Bangladesh, Oman and Bahrain witnessed good topline growth. However, currency devaluation in Egypt and forex unavailability in Ethiopia, impacted the overall performance of the International operations. Both the segments within the Home Improvement business – the Kitchen business under Sleek and the Bath business under Ess Ess, performed significantly better than the first quarter.”

    With the introduction of Goods and Services Tax (GST) (effective July 1, 2017), Central Excise, Value Added Tax (VAT) etc. have been subsumed into GST. In accordance with Indian Accounting Standard - 18 on Revenue and Schedule III of the Companies Act, 2013, unlike Excise Duties, levies like GST, VAT etc. are not part of Revenue. The figures and growth percentages given herein have been suitably adjusted to make the revenue from operations for periods up June 30, 2017.

    The Consolidated results for the current year include the results of Causeway Paints Lanka (Private) Limited, Sri Lanka, in which Berger International Private Limited, Singapore (BIPL), subsidiary of the company acquired 100% controlling stake on April 3, 2017 and hence the results are not comparable with the previous periods.

    Asian Paints Consolidated Results, Q2-FY’18:
    For the quarter, which ended Sept. 30, 2017, on consolidation of accounts of the subsidiaries and associate of Asian Paints – Revenue from operations has risen by 13.7 percent to ₹4,274.18 crores from ₹3,757.66 crores. Profit before depreciation interest and tax (PBDIT) for the group increased by 13.6 percent to ₹801.13 crores from ₹705.41 crores. Profit Before Tax (PBT) increased by 8.8 percent to ₹756.85 crores from ₹695.49 crores. Net Profit after Non-controlling Interest (from continuing operations) increased by 8.0 percent to ₹508.42 crores as compared to ₹470.83 crores in the previous corresponding period.
    The Board of Directors approved the payment of an interim dividend of 2.65 per share (265 percent). The company distributed an interim dividend of 2.65 per share (265 percent) for H1- FY 2017. Total dividend of 10.30 per share (1030 percent) was distributed for FY 2017. The dividend payout ratio was 65.9 percent for FY 2017.

    Asian Paints Consolidated Results, H1-FY’18:
    For the six months ending Sept. 30, 2017, Asian Paints Group Revenue from operations has increased by 9.5 percent to ₹8,083.97 crores from ₹7,384.93 crores. Profit before depreciation interest and tax (PBDIT) for the group has decreased by 3.6 percent to ₹1,466.50 crores from ₹1,521.57 crores. Profit Before Tax (PBT) decreased by 6.1 percent to ₹1,402.08 crores from ₹1,492.83 crores. Net Profit after Non-controlling Interest (from continuing operations) decreased by 7.0 percent to ₹933.60 crores as compared to ₹1004.36 crores in the previous corresponding period.

    Asian Paints Standalone Results, Q2-FY’18:
    For the quarter ending Sept. 30, 2017, Revenue from operations increased by 14.6 percent to ₹3,602.20 crores from ₹3,143.71 crores. PBDIT for the quarter increased by 14.1 percent to ₹720.09 crores from ₹631.25 crores. Net Profit increased by 8.8 percent to ₹473.45 crores as compared to ₹435.27 crores in the previous corresponding period.

    Asian Paints Standalone Results, H1-FY’18:
    For the six months ending Sept. 30, 2017, Revenue from operations increased by 10.2 percent to ₹6,790.93 crores from ₹6,159.78 crores. PBDIT for the period decreased by 3.2 percent to ₹1,317.17 crores from ₹1,361.38 crores. Net Profit on a standalone basis decreased by 6.6 percent to ₹874.40 crores as compared to ₹936.45 crores in the previous corresponding period.
     
     
    Related Searches
    • ppg
    • coatings
    • paints
    • automotive coatings
    Suggested For You
    Asian Paints Consolidated Revenues from Operations for the Quarter Increases 91.1% Asian Paints Consolidated Revenues from Operations for the Quarter Increases 91.1%
    Asian Paints Reports Q4, 12M FY 2020-21 Results Asian Paints Reports Q4, 12M FY 2020-21 Results
    Asian Paints Announces Q3 FY2020-21 Results Asian Paints Announces Q3 FY2020-21 Results
    Coatings World’s Top 10 Breaking News Stories for 2020 Coatings World’s Top 10 Breaking News Stories for 2020
    Asian Paints Announces Q2 FY2020-21 Results Asian Paints Announces Q2 FY2020-21 Results
    DowDuPont Alters Post-Merger Plans DowDuPont Alters Post-Merger Plans
    ABRAFATI Issue ABRAFATI Issue
    Asian Paints Reports Revenue for First Quarter Asian Paints Reports Revenue for First Quarter
    74. Kayalar Kimya 74. Kayalar Kimya
    10. Asian Paints Limited 10. Asian Paints Limited
    Don Shaw of Troy Named Senior Vice President AMEAI and Regulatory Affairs Don Shaw of Troy Named Senior Vice President AMEAI and Regulatory Affairs
    Digital Download of Global Market Analysis for Paint & Coatings Industry (2015-2020) Available Digital Download of Global Market Analysis for Paint & Coatings Industry (2015-2020) Available
    Izzy Colon of Troy Named Senior Vice President, Science & Technology Izzy Colon of Troy Named Senior Vice President, Science & Technology
    Asian Paints Releases FY17 Results Asian Paints Releases FY17 Results
    American Colors Announces Addition to its Board of Directors American Colors Announces Addition to its Board of Directors

    Related Content

    • Breaking News | Financial News | Paint & Coatings Manufacturer News
      Asian Paints Consolidated Revenues from Operations for the Quarter Increases 91.1%

      Asian Paints Consolidated Revenues from Operations for the Quarter Increases 91.1%

      Domestic Decorative business more than doubled its volume in the quarter.
      07.21.21

    • Breaking News | Financial News
      Asian Paints Reports Q4, 12M FY 2020-21 Results

      Asian Paints Reports Q4, 12M FY 2020-21 Results

      "We have seen a very strong quarter aided by good demand across rural and urban areas at the country level," said Amit Syngle, managing director & CEO.
      05.12.21

    • Breaking News | Financial News
      Asian Paints Announces Q3 FY2020-21 Results

      Asian Paints Announces Q3 FY2020-21 Results

      Consolidated Revenue from operations for the quarter increases by 25.2%.
      01.21.21


    • Breaking News | Paint & Coatings Manufacturer News | Powder Coatings
      Coatings World’s Top 10 Breaking News Stories for 2020

      Coatings World’s Top 10 Breaking News Stories for 2020

      COVID-19 news and M&A activity among the top breaking news items in 2020.
      Anthony Locicero, Associate editor 12.22.20

    • Breaking News | Financial News
      Asian Paints Announces Q2 FY2020-21 Results

      Asian Paints Announces Q2 FY2020-21 Results

      ...
      Coatings World staff 10.22.20

      Trending
      • Asian Paints Reports 4Q, Full Fiscal Year 2022 Results
      • Perstorp Group to be acquired by PETRONAS Chemicals Group
      • Celanese Declares Force Majeure on Acetyl Chain and Acetate Tow
      • Vlad Appointed Managing Director of AkzoNobel Industrial Coatings
      • Teknos Receives EcoVadis Gold Medal For Sustainability Performance | Coatings World
      Breaking News
      • Teknos Receives EcoVadis Gold Medal for Sustainability Performance
      • AkzoNobel and Partners Team Up to Hack Carbon Reduction Challenges
      • Five PPG Facilities in Ohio Recognized for Sustainability, Health, Safety Practices
      • HMG Paints Gets Their Running Shoes On
      • Award for Sustainability: Evonik Receives EcoVadis Platinum Rating Again
      View Breaking News >
      CURRENT ISSUE

      May 2022

      • Biocides Market Outlook - 2027
      • Lab & Testing Equipment Directory
      • Aerospace Coatings Market

      Cookies help us to provide you with an excellent service. By using our website, you declare yourself in agreement with our use of cookies.
      You can obtain detailed information about the use of cookies on our website by clicking on "More information”.

      • About Us
      • Privacy Policy
      • Terms And Conditions
      • Contact Us

      follow us

      Subscribe
      Nutraceuticals World

      Latest Breaking News From Nutraceuticals World

      Kyowa Hakko Appoints Dr. Colin Hill to Immuse Scientific Advisory Board
      Expert Consensus Statement: Diet is Best Primary Intervention to Achieve Diabetes Remission
      Choline Alone May Improve Maternal DHA Status During Pregnancy
      Coatings World

      Latest Breaking News From Coatings World

      Teknos Receives EcoVadis Gold Medal for Sustainability Performance
      AkzoNobel and Partners Team Up to Hack Carbon Reduction Challenges
      Five PPG Facilities in Ohio Recognized for Sustainability, Health, Safety Practices
      Medical Product Outsourcing

      Latest Breaking News From Medical Product Outsourcing

      VenoStent's SelfWrap Bioabsorbable Perivascular Wrap Earns Breakthrough Status
      Guard Medical Closes $11 Million Series B Investment
      OMNIVISION, Silicon Line Partner on Optical Fiber Endoscope Cables
      Contract Pharma

      Latest Breaking News From Contract Pharma

      Catalent Invests $175M to Expand Mfg. Capabilities at Winchester, KY
      Sartorius Expands Manufacturing Site in Tunisia
      BioMoti Partners with Pharma Company to Develop Ovarian Cancer Treatment
      Beauty Packaging

      Latest Breaking News From Beauty Packaging

      Garance Doré Launches Made in France Skincare Line
      The World’s Most Popular Perfumes & Celebrity Fragrances
      Ulta Beauty Launches Retail Media Network
      Happi

      Latest Breaking News From Happi

      Loum Beauty, Rare Beauty Launch #BeautyCares Voices
      ACI Urges Congress To Ensure Funding for EPA’s Office of Chemical Safety and Pollution Prevention
      Dr. Dana’s Nail Renewal System Relaunches Under Rare Beauty Brands
      Ink World

      Latest Breaking News From Ink World

      hubergroup Chemicals Exhibits at Paint India for First Time
      Award for Sustainability: Evonik Receives Platinum Rating Again
      Nazdar Ink Technologies to Showcase Latest Ink Innovations at FESPA Global Print Expo 2022
      Label & Narrow Web

      Latest Breaking News From Label & Narrow Web

      Dantex Group receives accreditation for Pico digital presses
      Heidelberg USA launches new Print Media Performance & Training Center
      Avery Dennison announces Global Supplier Award winners
      Nonwovens Industry

      Latest Breaking News From Nonwovens Industry

      'Right' Hygiene Conference to be Held in June
      Freudenberg to Present Battery Pack and Liquid Absorbers at Battery Show
      H&V Appoints Vice President and General Counsel
      Orthopedic Design & Technology

      Latest Breaking News From Orthopedic Design & Technology

      Paragon 28 Rolls Out TenoTac 2.0 Hammertoe and Soft Tissue Repair
      Cionic Expands Scientific Advisory Board
      First Surgeries Performed Using Globus Medical's Excelsius3D
      Printed Electronics Now

      Latest Breaking News From Printed Electronics Now

      Evonik Launches New Processing Aids for PV Wafer Cutting
      NREL Creates Highest Efficiency 1-Sun Solar Cell
      eMagin Wins People’s Choice Award at Display Week 2022

      Copyright © 2022 Rodman Media. All rights reserved. Use of this constitutes acceptance of our privacy policy The material on this site may not be reproduced, distributed, transmitted, or otherwise used, except with the prior written permission of Rodman Media.

      AD BLOCKER DETECTED

      Our website is made possible by displaying online advertisements to our visitors.
      Please consider supporting us by disabling your ad blocker.


      FREE SUBSCRIPTION Already a subscriber? Login