Free press releases distribution network?

Agency / Source: Asian Paints Limited

Check Ads Availability|e-mail Article


Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!



Asian Paints Consolidated Income from Operations for the Quarter Increases by 18.3% - Net Profit Up by 36.7% - Asian Paints today announced their financial results for the quarter and six months ended September 30, 2013 - AsianPaints.com
Asian Paints Consolidated Income from Operations for the Quarter Increases by 18.3% - Net Profit Up by 36.7%

 

PRZOOM - /newswire/ - Mumbai, India, 2013/10/21 - Asian Paints today announced their financial results for the quarter and six months ended September 30, 2013 - AsianPaints.com.

   
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Highlights: Q2 & H1-FY’2014
• Consolidated Income from operations for the Quarter increases by 18.3%
• H1 Consolidated Income from operations up by 15.0%
• Standalone Income from operations for the quarter increases by 18.2 %
• H1 Standalone Income from operations up by 15.6%
• Announces Interim Dividend of 110%

“The Decorative Paints business in India fared very well and registered good double digits volume growth. Good growth witnessed across geographies especially in Tier 2 & Tier 3 cities” said K.B.S. Anand, Managing Director & CEO, Asian Paints Limited.

“Industrial coatings business continues to be affected by the economic slowdown. Automotive coatings growth was subdued due to lower demand in the auto sector. The International business registered good growth with volume sales exceeding 1 lac KL mark in the first six months of FY 2014. Middle East and Asia have done well even though some countries continued to be affected by political events and macro economic uncertainty” he added

Asian Paints Consolidated Results, Q2-FY’14:
For the quarter ended September 30, 2013, on consolidation of accounts of the subsidiaries and joint venture of Asian Paints Income from operations has risen by 18.3% to ₹ 3114.7 crores from ₹ 2632.9 crores. Profit before depreciation interest and tax (PBDIT) for the group increased by 37.9% to ₹ 556.2 crores from ₹ 403.4 crores. Net Profit after Minority Interest increased by 36.7% to ₹ 326.8 crores as compared to ₹ 239.2 crores in the previous corresponding period. Profit Before Tax (PBT) increased by 36.1% to ₹ 483.9 crores from ₹ 355.5 crores.

The Board of Directors recommended the payment of an interim dividend of ₹ 1.10 per share (110%). The company distributed an interim dividend of ₹ 9.50 per share (95%) for H1- FY2013. Total dividend of ₹ 46 per share (460%) was distributed in FY 2013. The dividend payout ratio was 49.1% in FY2013.

Asian Paints Consolidated Results, H1-FY’14:
For the six months ended 30 September 2013, Asian Paints Group Income from operations has increased by 15.0% to ₹ 5955.8 crores from ₹ 5179.0 crores. Profit before depreciation interest and tax (PBDIT) for the group has increased by 20.0% to ₹ 1048.5 crores from ₹ 873.9 crores. Net Profit after Minority Interest increased by 14.1% to ₹ 602.0 crores as compared to ₹ 527.5 crores in the previous corresponding period. Profit Before Tax (PBT) increased by 16.1% to ₹ 907.9 crores from ₹ 781.7 crores.

Asian Paints Standalone Results, Q2-FY’14:
For the quarter ended September 30, 2013, Income from operations increased by 18.2% to ₹ 2532.0 crores from ₹ 2142.8 crores. PBDIT for the quarter increased by 39.9% to ₹ 504.2 crores from ₹ 360.4 crores. Net Profit increased by 38.8% to ₹ 310.6 crores as compared to ₹ 223.8 crores in the previous corresponding period.

Asian Paints Standalone Results, H1-FY’14:
For the six month period ended September 30, 2013, income from operations increased by 15.6% to ₹ 4851.7 crores from ₹ 4196.8 crores. PBDIT for the period increased by 23.4% to ₹ 975.6 crores from ₹ 790.3 crores. Net Profit on a standalone basis increased by 19.3% to ₹ 594.5 crores as compared to ₹ 498.4 crores in the previous corresponding period.

About Asian Paints Limited
Asian Paints (asianpaints.com) is India’s largest paint company and ranked among the top ten Decorative coatings companies in the world with a consolidated turnover of ₹ 10,970 crores (₹ 109.70 billion). Asian Paints along with its subsidiaries have operations in 17 countries across the world with 5 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints Egypt, Asian Paints, Apco Coatings and Taubmans.

 
 
Your Banner Ad Here instead - Showing along with ALL Articles covering Manufacturing/Robotics Announcements

Replace these Affiliate Programs at ANYTIME! Your banner here within the next hour. Learn How!


 

Agency / Source: Asian Paints Limited

 
 

Availability: All Regions (Including Int'l)

 

Traffic Booster: [/] Quick PRZOOM - Press & Newswire Visibility Checker

 

Distribution / Indexing: [+] / [Company listed above is a registered member of our network. Content made possible by PRZOOM / PRTODAY indexing services]

 
 
# # #
 
 
  Your Banner Ad showing on ALL
Manufacturing/Robotics articles,
CATCH Visitors via Your Competitors Announcements!


Asian Paints Consolidated Income from Operations for the Quarter Increases by 18.3% - Net Profit Up by 36.7%

Company website links NOT available to basic submissions
It is OK to republish and/or LINK any newswire for any legitimate media purpose as long as you name PRZOOM - Press & Newswire and LINK as the source.
 
  For more information, please visit:
Is this your article? Activate ALL web links by Upgrading to Press Release PREMIUM Plan Now!
Asian Paints Limited |
Contact: Arun Nair - AsianPaints.com 
+91 22 39818387 proffice[.]asianpaints.com
 
PRZOOM / PRTODAY - Newswire Today disclaims any content contained in this article. If you need/wish to contact the company who published the current release, you will need to contact them - NOT us. Issuers of articles are solely responsible for the accuracy of their content. Our complete disclaimer appears here.
IMPORTANT INFORMATION: Issuance, publication or distribution of this press release in certain jurisdictions could be subject to restrictions. The recipient of this press release is responsible for using this press release and the information herein in accordance with the applicable rules and regulations in the particular jurisdiction. This press release does not constitute an offer or an offering to acquire or subscribe for any Asian Paints Limited securities in any jurisdiction including any other companies listed or named in this release.

Manufacturing/Robotics via RSSAdd NewswireToday - PRZOOM Headline News to FeedBurner
Find who RetweetFollow @NewswireTODAY



Are you the owner of this article?, Turn it PREMIUM with your LOGO instead - and make it 3rd party Ads-Free! within the next hour!




Read Latest Press Releases From Asian Paints Limited / Company Profile


Read Manufacturing/Robotics Most Recent Related Press Releases:

Voith Inaugurates Small Hydropower Plant 'Alte Bleiche' on its Factory Premises in Heidenheim, Germany
AMERCOAT One Coating by PPG Earns Corrosion Innovation of the Year Award
Borealis and NOVA Chemicals Enter Preliminary Agreement with Total to Meet Growing Global Demand for Polyethylene
PPG to Highlight ENVIROCRON High Transfer Efficiency (HTE) Coatings At Powder Coating 2017 Conference
Rockwell Automation Addresses Digital Transformation and Industrial IoT Opportunities at Hannover Messe 2017
BASF Launches APEX - Next Generation Latex Binder
BASF Leather Chemicals Business to Become Part of Stahl Group
New Factory in Kuwait Consolidates Hempel’s Position as Market Leader in the Middle East
Voith Introduces SkySoft Creping Blade with Ceramic Coating Helps to Increase Tissue Productivity
BASF Licenses CRISPR-Cas9 Genome-editing Technology from the Broad Institute

Boost Your Social Network
& Crowdfunding Campaigns


LIFETIME SOCIAL MEDIA WALL
 
NewswireToday Celebrates 10 Years in Business
Find business coaching, life coaching, executive coaching and corporate coaching, best selling coaching books, ...



PREMIUM Members


Visit  BizJobs.com

Visit  JobsWare.com

Visit  MagLar, Inc.







 
  ©2017 PRZOOM — Limelon Advertising, Co.
Home | About PRZOOM | Advertise/Pricing | Contact | Investors | Privacy/TOS | Sitemap | FRANCAIS
newswire, PR free press releases distribution service magazines engine news alert newsroom press room breaking news public relations articles company news alerts newswiredistribution ezine bizentrepreneur biznewstoday digital business report market search pr firms agencies reports distri-bution today investor relation successful internet entrepreneur newswire distribution prtoday.com freenewswiredistribution asianewstoday bizwiretoday USA pr UK today