Indigo Paints Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 26, 2023 at 10:08 am EDT
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Indigo Paints Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 3,254.7 million compared to INR 2,883.78 million a year ago. Revenue was INR 3,282.83 million compared to INR 2,908.85 million a year ago. Net income was INR 486.77 million compared to INR 345.88 million a year ago. Basic earnings per share from continuing operations was INR 10.23 compared to INR 7.27 a year ago. Diluted earnings per share from continuing operations was INR 10.22 compared to INR 7.26 a year ago.
For the full year, sales was INR 10,733.34 million compared to INR 9,059.75 million a year ago. Revenue was INR 10,834.02 million compared to INR 9,168.68 million a year ago. Net income was INR 1,319.39 million compared to INR 840.48 million a year ago. Basic earnings per share from continuing operations was INR 27.73 compared to INR 17.67 a year ago. Diluted earnings per share from continuing operations was INR 27.67 compared to INR 17.63 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 
