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Asian Paints Announces Q4 2014 and FY2015 Results

By: Catherine Diamon

For the quarter ended March 31, 2015, on consolidation of accounts of the subsidiaries and joint ventures of Asian Paints, the company has announced that its income from operations increased by 6.9 % to 3,535 crores from 3,307.1 crores Q4 through FY 2015. PBDIT for the quarter increased by 15.3 % to 559.2 crores as compared to 485.1 crores of the previous year. Net Profit after Minority Interest for the quarter increased by 18.6 % to 341 crores from 287.4 crores.

For FY2015, on consolidation of accounts of the subsidiaries and joint ventures of Asian Paints – Income from Operations increased by 11.5 % to 14,182.8 crores from 12,714.8 crores. PBDIT increased by 11.9 % to 2,235.4 crores as compared to 1,997.9 crores of the previous year. Net Profit after Minority Interest of the group increased by 14.5 % to 1,395.2 crores from 1,218.8 crores.

The Board of Directors recommended the payment of final dividend of 4.30 per equity share (430 %). An interim dividend of 1.80 per equity share (180 %) was distributed in FY’14-15. Thus total dividend announced for FY’14-15 will be 6.10 per equity share (610 %). The total dividend for the year FY’13-14 was 5.30 per equity share of face value of` 1 each (530 %).

Asian Paints’ standalone results for Q4 through FY2015 have increased by 6 % to 2,887 crores from 2,724 crores. PBDIT for the quarter increased by 18.1 % to 500.7 crores from 423.9 crores. Net Profit on a Standalone basis increased by 27.2 % to 339.8 crores from 267.1 crores.

Standalone results for FY2015 increased by 11.8 % to 11,648.8 crores from 10,418.8 crores. PBDIT for the year increased by 13.1 % to 2,010.5 crores as compared to 1,777.3 crores in the previous year. Net Profit on a Standalone basis increased by 13.5 % to 1,327.4 crores from 1,169.1 crores in the previous year.

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