Asian Paints Ltd posts Rs. 830.37 crore consolidated PAT in Q2FY21

ASIAN PAINTS LTD. has reported financial results for the period ended September 30, 2020.

Financial Results (Q2 FY20-21) - QoQ Comparison

The company has reported total income of Rs.5432.86 crores during the period ended September 30, 2020 as compared to Rs.2969.75 crores during the period ended June 30, 2020.

The company has posted net profit / (loss) of Rs.830.37 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.218.45 crores for the period ended June 30, 2020.

The company has reported EPS of Rs.8.66 for the period ended September 30, 2020 as compared to Rs.2.28 for the period ended June 30, 2020.

Financials	Q2 FY20-21	Q1 FY20-21	% Change
Total Income	₹ 5432.86 crs	₹ 2969.75 crs	82.94%
Net Profit	₹ 830.37 crs	₹ 218.45 crs	280.12%
EPS	₹ 8.66	₹ 2.28	279.82%

Financial Results (Q2 FY20-21) - YoY Comparison

The company has reported total income of Rs.5432.86 crores during the period ended September 30, 2020 as compared to Rs.5155.82 crores during the period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.830.37 crores for the period ended September 30, 2020 as against net profit / (loss) of Rs.823.41 crores for the period ended September 30, 2019.

The company has reported EPS of Rs.8.66 for the period ended September 30, 2020 as compared to Rs.8.58 for the period ended September 30, 2019.

Financials	Q2 FY20-21	Q2 FY19-20	% Change
Total Income	₹ 5432.86 crs	₹ 5155.82 crs	5.37%
Net Profit	₹ 830.37 crs	₹ 823.41 crs	0.85%
EPS	₹ 8.66	₹ 8.58	0.93%

Financial Results (6 months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.8402.61 crores during the 6 months period ended September 30, 2020 as compared to Rs.10334.06 crores during the 6 months period ended September 30, 2019.

The company has posted net profit / (loss) of Rs.1048.82 crores for the 6 months period ended September 30, 2020 as against net profit / (loss) of Rs.1478.85 crores for the 6 months period ended September 30, 2019.

The company has reported EPS of Rs.10.93 for the 6 months period ended September 30, 2020 as compared to Rs.15.42 for the 6 months period ended September 30, 2019.

Financials	Half-Year Ended FY20-21	Half-Year Ended FY19-20	% Change
Total Income	₹ 8402.61 crs	₹ 10334.06 crs	-18.69%
Net Profit	₹ 1048.82 crs	₹ 1478.85 crs	-29.08%
EPS	₹ 10.93	₹15.42	-29.12%

"All the business segments continued to witness improving demand conditions on a progressive basis during the second quarter of this financial year. The Decorative business segment registered good volume growths for each of the months and therefore a healthy double digit volume growth for the quarter with demand picking up across regions. The other business segments in India including the two industrial coatings business and both the segments in the Home Improvement category also experienced improving trends in line with the phased out re-opening of the economy. The International business portfolio did well supported by favourable market conditions in Middle East, Africa and Asia, with the exception of Nepal, which continued to witness challenging business conditions due to the pandemic. Profitability across businesses was well supported by a better product mix, the stable raw material prices, favourable foreign exchange rate and the large number of cost optimization measures put in place by the Management." said Amit Syngle, Managing Director & CEO, Asian Paints Limited.

Shares of ASIAN PAINTS LTD. was last trading in BSE at Rs.2114.35 as compared to the previous close of Rs. 2119.3. The total number of shares traded during the day was 76913 in over 6463 trades.

The stock hit an intraday high of Rs. 2142.65 and intraday low of 2081.1. The net turnover during the day was Rs. 162869269.

Source : Equity Bulls

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