Asian Paints Limited (NSE:ASIANPAINT)

Asian Paints Income Statement

Financials in millions INR. Fiscal year is April - March.

Fiscal Year	FY 2025	FY 2024	FY 2023	FY 2022	FY 2021
Period Ending	Mar 31, 2025	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021
Operating Revenue	337,974	353,821	343,678	289,235	214,852
Other Revenue	6,809	554	622.6	583.9	183.6
Revenue	344,782	354,375	344,301	289,819	215,036
Revenue Growth (YoY)	-2.71%	2.93%	18.80%	34.78%	7.15%
Cost of Revenue	195,158	202,611	213,183	184,342	122,048
Gross Profit	149,625	151,764	131,118	105,477	92,988
Selling, General & Admin	25,972	38,352	33,689	29,265	24,838
Other Operating Expenses	57,864	37,367	34,183	28,154	19,560
Operating Expenses	94,100	84,341	76,487	65,604	52,344
Operating Income	55,525	67,424	54,630	39,873	40,643
Interest Expense	-2,270	-2,052	-1,445	-954.1	-916.3
Interest & Investment Income	-	1,901	1,343	1,079	751.3
Earnings From Equity Investments	1,407	1,330	938.5	315.7	286
Currency Exchange Gain (Loss)	-	-99	-611.9	379.8	98.2
Other Non Operating Income (Expenses)	-	2,586	1,154	1,056	937.8
EBT Excluding Unusual Items	54,662	71,090	56,009	41,749	41,800
Impairment of Goodwill	-	-	-246.6	-134.7	-
Gain (Loss) on Sale of Investments	-	2,296	1,206	768.9	936.1
Gain (Loss) on Sale of Assets	-	20.8	117.2	443.6	183.3
Other Unusual Items	-3,631	50.2	-212.5	-979.6	32
Pretax Income	51,031	73,478	56,888	41,877	43,044
Income Tax Expense	13,934	17,901	14,935	11,029	10,976
Earnings From Continuing Operations	37,097	55,577	41,953	30,848	32,068
Net Income to Company	37,097	55,577	41,953	30,848	32,068
Minority Interest in Earnings	-424.8	-974.6	-888.8	-542.4	-674.6
Net Income	36,672	54,602	41,065	30,306	31,393
Net Income to Common	36,672	54,602	41,065	30,306	31,393
Net Income Growth	-32.84%	32.97%	35.50%	-3.46%	16.05%
Shares Outstanding (Basic)	959	959	959	959	959
Shares Outstanding (Diluted)	959	959	959	959	959
Shares Change (YoY)	-0.02%	0.01%	-0.02%	-0.01%	-
EPS (Basic)	38.25	56.95	42.83	31.60	32.73
EPS (Diluted)	38.25	56.94	42.82	31.60	32.73
EPS Growth	-32.82%	32.98%	35.51%	-3.45%	16.05%
Free Cash Flow	26,186	39,046	29,201	4,483	34,015
Free Cash Flow Per Share	27.31	40.72	30.45	4.67	35.46
Dividend Per Share	-	33.300	25.650	19.150	17.850
Dividend Growth	-	29.83%	33.94%	7.28%	48.75%
Gross Margin	43.40%	42.83%	38.08%	36.39%	43.24%
Operating Margin	16.10%	19.03%	15.87%	13.76%	18.90%
Profit Margin	10.64%	15.41%	11.93%	10.46%	14.60%
Free Cash Flow Margin	7.60%	11.02%	8.48%	1.55%	15.82%
EBITDA	65,788	72,286	60,200	45,386	46,133
EBITDA Margin	19.08%	20.40%	17.48%	15.66%	21.45%
D&A For EBITDA	10,263	4,862	5,570	5,514	5,490
EBIT	55,525	67,424	54,630	39,873	40,643
EBIT Margin	16.10%	19.03%	15.87%	13.76%	18.90%
Effective Tax Rate	27.30%	24.36%	26.25%	26.34%	25.50%
Revenue as Reported	344,782	361,827	348,751	294,813	220,158
Advertising Expenses	-	13,059	11,529	9,434	7,850

Updated Feb 4, 2025. Source: S&P Global Market Intelligence. Standard template. Financial Sources.