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| Exchange Disseminated Time | Asian Paints Ltd has announced the following results for the quarter & year ended March 31, 2016:
The Audited Standalone results for the Quarter ended March 31, 2016
The Company has posted a net profit of Rs. 3869.50 million for the quarter ended March 31, 2016 as compared to Rs. 3398.20 million for the quarter ended March 31, 2015. Total Income has increased from Rs. 29363.60 million for the quarter ended March 31, 2015 to Rs. 32626.70 million for the quarter ended March 31, 2016.
The Audited Standalone results for the Year ended March 31, 2016
The Company has posted a net profit of Rs. 15974.30 million for the year ended March 31, 2016 as compared to Rs. 13274.00 million for the year ended March 31, 2015. Total Income has increased from Rs. 118356.50 million for the year ended March 31, 2015 to Rs. 128711.80 million for the year ended March 31, 2016.
The Consolidated Results are as follows:
The Un-Audited Consolidated results for the Quarter ended March 31, 2016
The Group has posted a net profit after taxes and minority interest of Rs. 4087.50 million for the quarter ended March 31, 2016 where as the same was at Rs. 3409.70 million for the quarter ended March 31, 2015. Total Income is Rs. 40052.50 million for the quarter ended March 31, 2016 where as the same was at Rs. 35766.80 million for the quarter ended March 31, 2015.
The Audited Consolidated results for the Year ended March 31, 2016
The Group has posted a net profit after taxes and minority interest of Rs. 17262.10 million for the year ended March 31, 2016 where as the same was at Rs. 13951.50 million for the year ended March 31, 2015. Total Income is Rs. 157348.60 million for the year ended March 31, 2016 where as the same was at Rs. 143525.20 million for the year ended March 31, 2015.
"1. The results for the quarter and year ended 31st March, 2016 include the results of bath fittings business acquired by the Company effective 1st June, 2014.
2. The above results also include financials of Kadisco Paint and Adhesive Industry Share Company, (Ethiopia) in which the Company's wholly owned subsidiary, Berger International Private Limited, Singapore acquired 51% stake on 9th February 2015.
In view of points 1 and 2 above, the results for the quarter and year ended 31st March 2016 are not comparable with the corresponding previous periods." |
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