Asian Paints Q1 results show revenue up from 8892.82 crores to 9379.38 crores, a 5.47% increase in growth. EPS rise from ₹12.87 to ₹16.17, up by 25.64%.
First, Let’s Begin with Quarter-on-Quarter Basis:
Asian Paints shared its Q1 results on Tuesday. They earned 9379.38 crores in revenue this quarter, but that’s more than the 8892.82 crores they made last quarter. The company’s growth increased by 5.47 percent when comparing the two quarters.
In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 1550.37 crores, up from 1234.14 crores in the previous quarter. Their quarter-to-quarter growth increased by 25.62 percent.
The company’s EPS (Earnings Per Share) this quarter is ₹16.17, which is an increase of 25.64% from the ₹12.87 EPS in the previous quarter.
Now, Let’s Analyze the Results on a Year-over-Year Basis:
The company made a total revenue of 9379.38 crores this year (2023), which is 7.74 percent higher than last year’s total revenue of 8705.91 crores.
This year’s PAT (Profit After Tax) is 1550.37 crores, which is also 52.46% higher than last year’s PAT of 1016.93 crores.
The EPS (Earnings Per Share) for this year is ₹16.17, which is 52.55% more than the EPS of ₹10.60 earned last year.
Also Read: Bajaj Auto Q1FY24 Results: Consolidated PAT of Rs. 1644.14 Cr
Asian Paints Share Dividend Announcement / Record Date:
The record date for the dividend has not arrived yet.
About Asian Paints:
Asian Paints Limited is a prominent manufacturer of an extensive array of decorative paints, varnishes, enamels, as well as black and synthetic resins. Additionally, the company’s subsidiaries are involved in the production of specialty industrial chemicals and vinyl pyridine latex products, which find application in the manufacturing of rubber tires.
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