ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Investor Presentation
Pursuant to Regulation 30 of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015 ('Listing Regulations'), please find enclosed the presentation made to the investors on the audited standalone and consolidated financial results of the Company for the quarter and financial year ended 31st March, 2023. ASIAN PAINTS LTD. - 500820 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
The Board of Directors at their meeting held today have, inter alia, approved the following: 1. Audited standalone and consolidated financial results for the quarter and financial year ended 31st March, 2023. 2. Audited standalone and consolidated financial statements for the financial year ended 31st March, 2023. The Press Release on the financial results of the Company for the quarter and financial year ended 31st March, 2023 is enclosed. Q4FY23 Quarterly & FY23 Annual Result Announced for Asian Paints Ltd.
Asian Paints announced Q4FY23 & FY23 results: Consolidated Q4FY23: Net Sales increased by 10.9% to Rs 8,750.8 crore from Rs 7,889.9 crore Improvement in gross margins by 390 basis points in Q4FY23 as compared to Q3FY23 PBDIT [Profit before depreciation, interest, tax, other income, and exceptional items] (before sharing in profit of associates) increased by 29.2% to Rs 1,864.8 crore from Rs 1,443.3 crore PBDIT Margin as % to Sales improved to 21.3% from 18.3% in Q4FY22 Profit before exceptional items and tax increased by 32.9% to Rs 1,734.5 crore from Rs 1,304.9 crore The exceptional item represents an impairment loss of Rs 24.7 crore on 'Goodwill on Consolidation', recognized on the acquisition of Causeway Paints, Lanka Net Profit after minority interest increased by 45.1% to Rs 1,234.1 crore from Rs 850.4 crore Consolidated FY23: Net Sales increased by 18.8% to Rs 34,367.8 crore from Rs 28,923.5 crore PBDIT (before sharing in profit of associates) increased by 30.3% to Rs 6,259.8 crore in FY23 from Rs 4,803.6 crore in FY22 PBDIT Margin as % to Sales improved to 18.2% from 16.6% in FY22 Profit before exceptional items and tax increased by 33.3% to Rs 5,737.7 crore from Rs 4,303.4 crore Net Profit after minority interest increased by 35.5% to Rs 4,106.5 crore from Rs 3,030.6 crore Standalone Q4FY23: Net Sales increased by 12.4% to Rs 7,589.2 crore from Rs 6,754.6 crore Improvement in gross margins on a sequential basis by 430 basis points in Q4FY23 vs Q3FY23 PBDIT for Q4FY23 increased by 28.2% to Rs 1,747.6 crore from Rs 1,362.8 crore PBDIT Margin as % to Sales improved to 23.0% from 20.2% in Q4FY22 Profit before exceptional items and tax increased by 31.7% to Rs 1,654.0 crore from Rs 1,256.3 crore Net Profit increased by 37.1% to Rs 1,233.7 crore from Rs 900.0 crore Standalone FY23: Net Sales increased by 19.8% to Rs 29,953.1 crore from Rs 25,002.1 crore PBDIT for FY23 increased by 26.9% to Rs 5,820.5 crore from Rs 4,587.8 crore PBDIT Margin as % to Sales improved to 19.4% from 18.3% in FY22 Profit before exceptional items and tax increased by 29.2% to Rs 5,489.6 crore from Rs 4,247.9 crore Net Profit increased by 30.8% to Rs 4,100.2 crore from Rs 3,134.7 crore The Board of Directors has recommended a final dividend of Rs 21.25 per equity share (2125%). The company declared its first interim dividend of Rs 4.40 per equity share (440%) in October 2022 for FY’23. Total dividend for FY23 at Rs 25.65 per equity share (2565%) with a dividend payout ratio of 60% “It has been an outstanding year for us with a 14% volume growth and 20% value growth in our standalone business and a net profit growth of 31%. Our growths in both the Industrial coatings have been stellar, growing double digits in volume and value, delivering one of the highest profits in the last 2 decades. Overall, at a consolidated level, we crossed Rs 34,000 crore in revenue, and along with our décor and services diversification, we are now the largest integrated player in Home Décor Business. In this quarter we have logged in the highest value ever, with the decorative and non-automotive Industrial businesses registering double-digit volume and value growths. We have been able to improve our margins in the quarter sequentially and over the last year through our persistent work on formulation and sourcing efficiencies and also helped by the easing inflation in raw material prices. In Home décor, our new categories of fabrics, decorative lighting, UPVC doors, and windows did well, while Kitchen and bath were sluggish. The Global business was good in the Middle East and Africa but slower in Asia, however overall, delivered good bottom-line numbers. Going forward, as a market leader, we will continue to aggressively pursue growth. Our performance will be driven by our consistent focus on customer centricity, innovation, sustained investment in B2B business coupled with our powerhouse brand, robust supply chain, and distribution network”, said Amit Syngle, Managing Director & CEO of Asian Paints. Result PDF ASIAN PAINTS LTD. - 500820 - Annual General Meeting To Be Held On Tuesday, 27Th June, 2023
The Board of Directors at their meeting held today have, inter alia, approved convening of 77th AGM of the Company on Tuesday, 27th June, 2023, at 11:00 a.m. (IST) through video conference or other audio-visual means. ASIAN PAINTS LTD. - 500820 - Corporate Action-Board approves Dividend
The Board of Directors at their meeting held today have, inter alia, recommended payment of final dividend of Rs. 21.25 per equity share of the face value of Re. 1 each for the financial year ended 31st March, 2023, subject to approval of the shareholders at the ensuing 77th Annual General Meeting of the Company. The Company has fixed Friday, 9th June, 2023 as the Record Date for determining entitlement of members to final dividend for the financial year ended 31st March, 2023. The dividend, if approved by the shareholders will be paid on or after Friday, 30th June, 2023 ASIAN PAINTS LTD. - 500820 - Outcome Of Board Meeting In Accordance With The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
The Board of Directors at their meeting held today have, inter alia, approved the following: 1. Audited standalone and consolidated financial results for the quarter and financial year ended 31st March, 2023. 2. Audited standalone and consolidated financial statements for the financial year ended 31st March, 2023. 3. Recommended payment of final dividend of Rs. 21.25 per equity share of the face value of Re. 1 each for the financial year ended 31st March, 2023, subject to approval of the shareholders at the ensuing 77th Annual General Meeting of the Company. 4.The Company has fixed Friday, 9th June, 2023 as the Record Date for determining entitlement of members to final dividend for the financial year ended 31st March, 2023. The dividend, if approved by the shareholders will be paid on or after Friday, 30th June, 2023. 5. Convening of 77th AGM of the Company on Tuesday, 27th June, 2023, at 11:00 a.m. IST through video conference or other audio-visual means. ASIAN PAINTS LTD. - 500820 - Board Meeting Outcome for Outcome Of Board Meeting In Accordance With The SEBI (Listing Obligations And Disclosure Requirements) Regulations, 2015
The Board of Directors at their meeting held today have, inter alia, approved the following: 1. Audited standalone and consolidated financial results for the quarter and financial year ended 31st March, 2023. 2. Audited standalone and consolidated financial statements for the financial year ended 31st March, 2023. 3. Recommended payment of final dividend of Rs. 21.25 per equity share of the face value of Re. 1 each for the financial year ended 31st March, 2023, subject to approval of the shareholders at the ensuing 77th Annual General Meeting of the Company. 4.The Company has fixed Friday, 9th June, 2023 as the Record Date for determining entitlement of members to final dividend for the financial year ended 31st March, 2023. The dividend, if approved by the shareholders will be paid on or after Friday, 30th June, 2023. 5. Convening of 77th AGM of the Company on Tuesday, 27th June, 2023, at 11:00 a.m. IST through video conference or other audio-visual means. ASIAN PAINTS LTD. - 500820 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Please find enclosed the intimation letter dated 8th May, 2023 and 9th May, 2023 received from our Registrar and Transfer Agent - TSR Consultants Private Limited, providing information regarding loss of share certificates by the shareholder(s) of the Company. Duplicate share certificates will be issued after completion of necessary procedures prescribed by Law. This information is being submitted pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. ASIAN PAINTS LTD. - 500820 - Compliances-Reg. 39 (3) - Details of Loss of Certificate / Duplicate Certificate
Please find enclosed the intimation dated 9th May, 2023 received from TSR Consultants Private Limited, Registrar and Transfer Agent, providing information regarding issue of duplicate share certificate in favour of shareholder(s) of the Company. Further, in accordance with the SEBI Notification No. SEBI/LAD-NRO/GN/2022/66 dated 24th January, 2022 read with SEBI Circular No. SEBI/HO/MIRSD/MIRSD_RTAMB/P/CIR/2022/8 dated 25th January, 2022, a letter of confirmation in lieu of the physical share certificate will be issued to the said shareholder(s) of the Company within the prescribed timelines. This information is being submitted pursuant to Regulation 39(3) of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.