Asian Paints Ltd's Q3FY25 Quarter Results
- 05 Feb 2025
Result Summary
- Asian Paints Ltd reported a 6.0% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a decline of 5.9%.
- Its expenses for the quarter were up by 1.8% QoQ and down 1.3% YoY.
- The net profit increased 62.7% QoQ and decreased 23.5% YoY.
- The earnings per share (EPS) of Asian Paints Ltd stood at 11.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 8692.44 | 8201.09 | 9241.67 | 6.0% | -5.9% |
Total Expenses | 7224.10 | 7093.03 | 7321.77 | 1.8% | -1.3% |
Profit Before Tax | 1468.34 | 927.92 | 1919.90 | 58.2% | -23.5% |
Tax | 389.73 | 265.38 | 492.62 | 46.9% | -20.9% |
Profit After Tax | 1128.43 | 693.66 | 1475.16 | 62.7% | -23.5% |
Earnings Per Share | 11.60 | 7.20 | 15.10 | 61.1% | -23.2% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Asian Paints Ltd is a prominent player in the paints and coatings industry, primarily engaged in the manufacturing, selling, and distribution of paints, coatings, products related to home decor, bath fittings, and more. The company is well-known for its decorative and industrial paint products, serving a diverse range of customer needs from residential to commercial projects. Established in 1942, Asian Paints has since grown to become one of the largest paint companies in India and holds a significant market share in the decorative paint segment. Recent major developments or strategic initiatives for the company are not available in the current context.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Asian Paints Ltd reported a total income of ₹8692.44 crores. This represents an increase of 6.0% compared to the previous quarter (Q2FY25), where the total income was ₹8201.09 crores. However, when compared to the same quarter in the previous fiscal year (Q3FY24), the total income saw a decline of 5.9% from ₹9241.67 crores. These figures indicate fluctuations in revenue performance, with a quarter-over-quarter growth but a year-over-year decline.
Profitability
The company's profitability metrics for Q3FY25 reveal a profit before tax of ₹1468.34 crores, which is a significant increase of 58.2% from the previous quarter's ₹927.92 crores. However, this is a decrease of 23.5% compared to the profit before tax in Q3FY24, which stood at ₹1919.90 crores. The profit after tax for Q3FY25 was ₹1128.43 crores, reflecting a 62.7% increase quarter-over-quarter from Q2FY25's ₹693.66 crores but a 23.5% decrease year-over-year from ₹1475.16 crores in Q3FY24. The earnings per share for the quarter were ₹11.60, up 61.1% from the previous quarter but down 23.2% from the same period last year.
Operating Metrics
The total expenses for Asian Paints Ltd in Q3FY25 amounted to ₹7224.10 crores, which is a 1.8% increase from ₹7093.03 crores in Q2FY25. Compared to Q3FY24, total expenses decreased by 1.3% from ₹7321.77 crores. The tax expense in Q3FY25 was ₹389.73 crores, showing a quarter-over-quarter increase of 46.9% from the previous quarter's ₹265.38 crores, but a year-over-year decrease of 20.9% from ₹492.62 crores in Q3FY24. These metrics highlight the company's cost management strategies and tax liabilities over the respective periods.
