Indigo Paints Limited Reports Earnings Results for the Third Quarter and Nine Months Ended December 31, 2023
February 09, 2024 at 03:32 am
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Indigo Paints Limited reported earnings results for the third quarter and nine months ended December 31, 2023. For the third quarter, the company reported sales was INR 3,537.68 million compared to INR 2,812.65 million a year ago. Revenue was INR 3,568.34 million compared to INR 2,850.43 million a year ago. Net income was INR 372.62 million compared to INR 262.63 million a year ago. Basic earnings per share from continuing operations was INR 7.82 compared to INR 5.52 a year ago. Diluted earnings per share from continuing operations was INR 7.81 compared to INR 5.5 a year ago.
For the nine months, sales was INR 9,212.07 million compared to INR 7,478.64 million a year ago. Revenue was INR 9,312.64 million compared to INR 7,551.18 million a year ago. Net income was INR 936.43 million compared to INR 832.62 million a year ago. Basic earnings per share from continuing operations was INR 19.67 compared to INR 17.5 a year ago. Diluted earnings per share from continuing operations was INR 19.62 compared to INR 17.45 a year ago.
Indigo Paints Limited is a paint manufacturing company. The Company is engaged in the manufacture and sale of decorative paints and operates its manufacturing facilities in Jodhpur (Rajasthan), Kochi (Kerala) and Pudukkottai (Tamil Nadu). Its product offerings include emulsions, enamels, water proofing solutions, wood coatings, primers and putties, and other products. It manufactures category-creator products, including metallic coat emulsions, tile coat emulsions, bright ceiling coat emulsion and floor coat emulsions in India. It offers various other types of emulsion paints, such as the dirtproof and waterproof exterior laminate, exterior and interior acrylic laminate, and enamels, such as polyurethane (PU) super gloss enamel. It offers wood paint and offers a range of options for painting wooden surfaces. It also offers aluminum paints to paint surfaces of storage tanks, metal pipes, and metal roofs. The Company's products are sold under only one brand name, Indigo.
INDIGO PAINTS LIMITED 
