A spectacular jump of 161% in the profit of Asian Paints! The company earned an income of Rs 5585.4 crore

New Delhi. Asian Paints released the first quarter results of the financial year 2021-22 on Tuesday. There has been a jump of 161 percent in the profit of the paint company. The company’s profit stood at Rs 574.3 crore in the quarter ended 30 June 2021. Although it was estimated to be at Rs 721 crore. Let us inform that in the first quarter of its last year, the company’s profit stood at Rs 219.6 crore. The company’s income for the quarter ended June 30, 2021 has been Rs 5,585.4 crore, as against its estimate of Rs 5,550. Let us inform that in the first quarter of its last year, the company’s income was Rs 2,922.7 crore.

EBITDA stood at Rs 913.6 crore
The company’s EBITDA in the first quarter has been Rs 913.6 crore. At the same time, it was estimated to be Rs 1,105 crore. Let us inform that in the first quarter of its last year, the EBITDA of the company was Rs 484.3 crore. The company’s EBITDA margin stood at 16.4% in the June quarter. At the same time, it was estimated to be 20%. Let us inform that in the first quarter of last year, the company’s EBITDA margin was 16.6%.

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Tax expenditure increased to Rs 204.3 crore
In the first quarter, the company’s tax expense has increased from Rs 86.2 crore to Rs 204.3 crore. At the same time, other expenses have increased from Rs 461.9 crore in the first quarter of last year to Rs 800.8 crore. In the first quarter, the company’s paint business income has increased from Rs 2,871 crore to Rs 5,465 crore. The earnings of the company’s paint business grew by 90.4% year-on-year. The EBIT of the company’s paint business has increased from Rs 371.6 crore to Rs 809 crore during this period. At the same time, the paint business margin has increased from 12.9% to 14.8%.

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