Asian Paints Ltd Q2FY18
Consolidated Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||18.8||189|
|Net Profit (adjusted)||594||20|
Asian Paints's Q2FY18 consolidated results for the quarter came in mixed versus street estimates. Revenue for the quarter came in 8.5 % lower than the estimated figure of Rs. 4671 crore. EBITDA for the quarter came in 3 % higher than the estimated figure of Rs. 778 crore. And lastly, net profit for the quarter came in 14.6 % higher than the estimated figure of Rs. 518 crore.
Asian Paints consolidated revenue for the quarter came in at Rs. 4274 crore, registering 2.3% yoy increase.
EBITDA for the quarter rose by 13.8% yoy to Rs. 802 crore with a corresponding margin expansion of 189 bps. EBITDA margin for the quarter stood at 18.8%. This margin expansion was aided by lower cost of raw materials by 6.1% yoy to Rs.2003 crore in Q2FY18 vs Rs.2134 crore in Q2FY17.
The PAT for the quarter came in at Rs. 594 crore, yoy increase of 20%.
Asian Paints Ltd is currently trading at Rs. 1,220, up by 47.6 points or 4.06% from its previous closing of Rs. 1,172.40 on the BSE.
The scrip opened at Rs. 1,173 and has touched a high and low of Rs. 1,233 and Rs. 1,173 respectively. So far 23,40,509(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
BSE 1,119.95 [5.10] ([0.45]%)
NSE 1,118.70 [4.75] ([0.42]%)
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