Asian Paints Limited Q2 Results 2023

Read this story to learn about Q2- highlights, performance, earnings, dividend updates, market performance, etc.,

Highlights of the Result

· Revenue from Operations was at ₹8,478.57 Cr · Net profit for Q2 FY’24 stood at ₹1,205.4 Cr · Company’s net sales stood at ₹8,451.9 Cr, up 0.3% YoY

Performance Highlights

· Revenue from Operations grew 0.3% YoY · Profit after tax (PAT) saw an increment of 54% YoY · EBITDA stood at ₹1,716.2 Cr, with EBITDA margin at 20.3%

Dividend Announcements

The company’s board of directors recommended an interim dividend of ₹5.15 per equity share (face value of ₹1 each) for the financial year ending 31st March 2024.

Company’s Expenses

Concomitantly, the expenses decreased during the quarter. For the quarter under review, the company reported a total expense of ₹7,021.96 Cr (Consolidated Financial Figures (QoQ)).

Source: Asian Paints Limited Financial Report – Q2 Report, BSE