Asian Paints Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
October 26, 2023 at 04:13 am EDT
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Asian Paints Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 84,519.3 million compared to INR 84,306 million a year ago. Revenue was INR 86,437.7 million compared to INR 85,530.4 million a year ago. Net income was INR 12,054.2 million compared to INR 7,827.1 million a year ago. Basic earnings per share from continuing operations was INR 12.57 compared to INR 8.16 a year ago. Diluted earnings per share from continuing operations was INR 12.57 compared to INR 8.16 a year ago.
For the six months, sales was INR 176,057.2 million compared to INR 170,094.8 million a year ago. Revenue was INR 180,231.5 million compared to INR 172,589.5 million a year ago. Net income was INR 27,557.9 million compared to INR 17,996.4 million a year ago. Basic earnings per share from continuing operations was INR 28.74 compared to INR 18.76 a year ago. Diluted earnings per share from continuing operations was INR 28.74 compared to INR 18.76 a year ago.
Asian Paints is the Indian No. 1 and world's No. 3 in manufacturing and marketing paints and surfaces coating products. Net sales by product family and services as follows:
- paints and surfaces coating products (98.9%): decorative and industrial paints, enameling products, wood varnishes and car paints under Apex, Ace, Roÿale, Utsav, Tractor, Premium, Berger, Scib, Apco and Taubmans brands;
- home improvement services (1.1%).
ASIAN PAINTS LIMITED 
