Asian Paints Limited (NSE: ASIANPAINT)

Asian Paints Income Statement

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

Fiscal Year	TTM	FY 2024	FY 2023	FY 2022	FY 2021	FY 2020
Period Ending	Sep 30, 2024	Mar 31, 2024	Mar 31, 2023	Mar 31, 2022	Mar 31, 2021	Mar 31, 2020
Operating Revenue	347,227	353,821	343,678	289,235	214,852	200,483
Other Revenue	554	554	622.6	583.9	183.6	202
Revenue	347,781	354,375	344,301	289,819	215,036	200,685
Revenue Growth (YoY)	-0.70%	2.93%	18.80%	34.78%	7.15%	5.16%
Cost of Revenue	201,281	202,611	213,183	184,342	122,048	114,968
Gross Profit	146,499	151,764	131,118	105,477	92,988	85,717
Selling, General & Admin	40,441	38,352	33,689	29,265	24,838	24,409
Other Operating Expenses	39,055	37,367	34,183	28,154	19,560	19,616
Operating Expenses	88,745	84,341	76,487	65,604	52,344	51,892
Operating Income	57,755	67,424	54,630	39,873	40,643	33,825
Interest Expense	-2,269	-2,052	-1,445	-954.1	-916.3	-1,023
Interest & Investment Income	1,901	1,901	1,343	1,079	751.3	928.4
Earnings From Equity Investments	1,410	1,330	938.5	315.7	286	507.4
Currency Exchange Gain (Loss)	-99	-99	-611.9	379.8	98.2	-12.3
Other Non Operating Income (Expenses)	2,261	2,586	1,154	1,056	937.8	1,196
EBT Excluding Unusual Items	60,959	71,090	56,009	41,749	41,800	35,421
Impairment of Goodwill	-	-	-246.6	-134.7	-	-
Gain (Loss) on Sale of Investments	2,296	2,296	1,206	768.9	936.1	760.9
Gain (Loss) on Sale of Assets	20.8	20.8	117.2	443.6	183.3	141.7
Other Unusual Items	-1,751	50.2	-212.5	-979.6	32	11.9
Pretax Income	61,545	73,478	56,888	41,877	43,044	36,340
Income Tax Expense	15,236	17,901	14,935	11,029	10,976	8,549
Earnings From Continuing Operations	46,309	55,577	41,953	30,848	32,068	27,791
Earnings From Discontinued Operations	-	-	-	-	-	-49.5
Net Income to Company	46,309	55,577	41,953	30,848	32,068	27,742
Minority Interest in Earnings	-618.5	-974.6	-888.8	-542.4	-674.6	-690.2
Net Income	45,691	54,602	41,065	30,306	31,393	27,052
Net Income to Common	45,691	54,602	41,065	30,306	31,393	27,052
Net Income Growth	-9.75%	32.97%	35.50%	-3.46%	16.05%	25.48%
Shares Outstanding (Basic)	959	959	959	959	959	959
Shares Outstanding (Diluted)	959	959	959	959	959	959
Shares Change (YoY)	0.02%	0.01%	-0.02%	-0.01%	-	-
EPS (Basic)	47.66	56.95	42.83	31.60	32.73	28.20
EPS (Diluted)	47.65	56.94	42.82	31.60	32.73	28.20
EPS Growth	-9.75%	32.98%	35.51%	-3.45%	16.05%	25.48%
Free Cash Flow	26,428	39,046	29,201	4,483	34,015	26,346
Free Cash Flow Per Share	27.56	40.72	30.45	4.67	35.46	27.47
Dividend Per Share	32.400	33.300	25.650	19.150	17.850	12.000
Dividend Growth	22.73%	29.82%	33.94%	7.28%	48.75%	14.29%
Gross Margin	42.12%	42.83%	38.08%	36.39%	43.24%	42.71%
Operating Margin	16.61%	19.03%	15.87%	13.76%	18.90%	16.85%
Profit Margin	13.14%	15.41%	11.93%	10.46%	14.60%	13.48%
Free Cash Flow Margin	7.60%	11.02%	8.48%	1.55%	15.82%	13.13%
EBITDA	63,243	72,286	60,200	45,386	46,133	39,206
EBITDA Margin	18.18%	20.40%	17.48%	15.66%	21.45%	19.54%
D&A For EBITDA	5,489	4,862	5,570	5,514	5,490	5,381
EBIT	57,755	67,424	54,630	39,873	40,643	33,825
EBIT Margin	16.61%	19.03%	15.87%	13.76%	18.90%	16.85%
Effective Tax Rate	24.76%	24.36%	26.25%	26.34%	25.50%	23.52%
Revenue as Reported	354,866	361,827	348,751	294,813	220,158	205,156
Advertising Expenses	-	13,059	11,529	9,434	7,850	9,175

Source: S&P Capital IQ. Standard template. Financial Sources.