Indigo Paints Q1FY24 Results: Consolidated PAT Falls to Rs. 31.04 Cr

Indigo Paints Q1FY24 Results: Consolidated PAT Falls to Rs. 31.04 Cr

Indigo Paints Q1 results show revenue fell from 328.28 crores to 292.24 crores, a -10.98% decrease in growth. EPS down from ₹10.22 to ₹6.50, down by -36.40%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Indigo Paints shared its Q1 results on Monday. They earned 292.24 crores in revenue this quarter, but that’s less than the 328.28 crores they made last quarter. Unfortunately, the company’s growth decreased by -10.98 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 31.04 crores, down from 48.67 crores in the previous quarter. Their quarter-to-quarter growth decreased by -36.23 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹6.50, which is a decrease of -36.40% from the ₹10.22 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 292.24 crores this year (2023), which is 30.19 percent higher than last year’s total revenue of 224.47 crores.

This year’s PAT (Profit After Tax) is 31.04 crores, which is also 55.89% higher than last year’s PAT of 19.91 crores.

The EPS (Earnings Per Share) for this year is ₹6.50, which is 55.88% more than the EPS of ₹4.17 earned last year.

Also Read: Torrent Pharma Q1FY24 Results: Consolidated PAT Rises to Rs. 378 Cr

Indigo Paints Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Indigo Paints:

Indigo Paints Limited is a publicly listed company that was incorporated on 28th March 2000. It is categorized as a public limited company and is headquartered in Pune, Maharashtra. The company’s authorized share capital is INR 70.00 crores, and the total paid-up capital amounts to INR 47.59 crores.

Download the Full PDF of Indigo Paints Q1 Results: Click Here

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