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Stock Report
Asian Paints Ltd Q4 FY20 consolidated PAT slides to Rs. 461.89 crore
Posted On : 2020-06-23 19:07:51( TIMEZONE : IST )
ASIAN PAINTS LTD. has reported financial results for the period ended March 31, 2020.
Financial Results (Q4 FY19-20) - QoQ Comparison
The company has reported total income of Rs.4691.39 crores during the period ended March 31, 2020 as compared to Rs.5490.11 crores during the period ended December 31, 2019.
The company has posted net profit / (loss) of Rs.461.89 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.764.43 crores for the period ended December 31, 2019.
The company has reported EPS of Rs.4.82 for the period ended March 31, 2020 as compared to Rs.7.97 for the period ended December 31, 2019.
| Financials | Q4 FY19-20 | Q3 FY19-20 | % Change |
| Total Income | ₹ 4691.39 crs | ₹ 5490.11 crs |  -14.55% |
| Net Profit | ₹ 461.89 crs | ₹ 764.43 crs | -39.58% |
| EPS | ₹ 4.82 | ₹ 7.97 | -39.52% |
Financial Results (Q4 FY19-20) - YoY Comparison
The company has reported total income of Rs.4691.39 crores during the period ended March 31, 2020 as compared to Rs.5048.71 crores during the period ended March 31, 2019.
The company has posted net profit / (loss) of Rs.461.89 crores for the period ended March 31, 2020 as against net profit / (loss) of Rs.471.65 crores for the period ended March 31, 2019.
The company has reported EPS of Rs.4.82 for the period ended March 31, 2020 as compared to Rs.4.92 for the period ended March 31, 2019.
| Financials | Q4 FY19-20 | Q4 FY18-19 | % Change |
| Total Income | ₹ 4691.39 crs | ₹ 5048.71 crs | -7.08% |
| Net Profit | ₹ 461.89 crs | ₹ 471.65 crs | -2.07% |
| EPS | ₹ 4.82 | ₹ 4.92 | -2.03% |
Financial Results (12 months ended FY 19-20) - YoY Comparison
The company has reported total income of Rs.20515.56 crores during the 12 months period ended March 31, 2020 as compared to Rs.19481.49 crores during the 12 months period ended March 31, 2019.
The company has posted net profit / (loss) of Rs.2705.17 crores for the 12 months period ended March 31, 2020 as against net profit / (loss) of Rs.2155.92 crores for the 12 months period ended March 31, 2019.
The company has reported EPS of Rs.28.20 for the 12 months period ended March 31, 2020 as compared to Rs.22.48 for the 12 months period ended March 31, 2019.
| Financials | Year Ended FY19-20 | Year Ended FY18-19 | % Change |
| Total Income | ₹ 20515.56 crs | ₹ 19481.49 crs |  5.31% |
| Net Profit | ₹ 2705.17 crs | ₹ 2155.92 crs | 25.48% |
| EPS | ₹ 28.20 | ₹22.48 | 25.44% |
"Loss of sales due to the lockdown in March'20 impacted the Decorative business segment in an otherwise strong quarter with double digit volume growth in the first two months of the quarter. Even with the loss of sales, the Decorative business segment in a tough year has registered double digit volume growth for the year and strong profit numbers. The Industrial business segment under the Automotive coatings JV (PPG-AP) and Industrial Coatings JV (AP-PPG) continued to be impacted by the downturn in the automotive industry and the overall slowdown in the economy. Both the segments in the Home Improvement category viz. the Kitchen (Sleek) and Bath (Ess Ess) business, continued to be impacted by the slowdown in the real estate construction space. Complete shutdown of business in last few days of March'20 further added to the pressure for these businesses. The International business portfolio did well supported by growth from markets in Ethiopia, Egypt, UAE and Nepal. However, key units of Sri Lanka and Bangladesh were impacted due to the lockdown conditions. Profitability across businesses was well supported by the benign raw material prices and cost optimisation efforts.
Asian Paints being a 'Responsible and Caring' brand has taken various initiatives like launch of Viroprotek range of hand sanitizers and surface disinfectants, the launch of 'Safe Painting' campaign and the 'San Assure' service, to give assurance to customer and energise the current consumer sentiment", said Amit Syngle, Managing Director & CEO, Asian Paints Limited.
Shares of ASIAN PAINTS LTD. was last trading in BSE at Rs.1683.65 as compared to the previous close of Rs. 1653.45. The total number of shares traded during the day was 93279 in over 8494 trades.
The stock hit an intraday high of Rs. 1688 and intraday low of 1641.15. The net turnover during the day was Rs. 155938290.
