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- Asian Paints Ltd.
- Result Notes
Asian Paints Ltd. - Quarterly/Annual Result Disclosures and Notes dated 31 Dec 2018
Auditor and Management Disclosures and Notes for the quarterly results dated 31 Dec 2018
1. The above results have been prepared in accordance with Indian Accounting Standards
(‘Ind AS’) notified under Section 133 of the Companies Act, 2013, read together with the
Companies (Indian Accounting Standards) Rules, 2015 (as amended).
2. An interim dividend of Rs. 2.85 (Rupees two and Paise eighty five only) per equity share of
the face value of Rs.1 each for the financial year ending 31st March, 2019 was declared at
the Board Meeting held on 22nd October, 2018 and the same was paid on 1st. November,
2018.
3. Consequent to the introduction of Goods and Services Tax (GST) with effect from 1st July,
2017, Central Excise, Value Added Tax (VAT) etc. have been subsumed into GST. In
accordance with Indian Accounting Standards and Schedule III of the Companies Act,
2013, unlike Excise Duties, levies like GST, VAT etc. are not part of Revenue. Accordingly,
the figures for the period’s upto 30th June, 2017 are not strictly relatable to those
thereafter. The following additional information is being provided to facilitate such
understanding:
Rs. in Crores
Standalone Rs. in Crs
Quarter Ended Nine month ended Year Ended
31.12.2018 30.09.2018 31.12.2017 31.12.2018 31.12.2017 31.03.2018
Revenue from operations excluding
excise duty on sale
a) Paints 4,488.11 3,864.91 3,544.36 12,013.28 10,267.51 13,995.55
b) Home Improvement 47.94 49.26 43.07 143.18 110.85 158.16
Total 4,536.05 3,914.17 3,587.43 12,156.46 10,378.36 14,153.71
4. The above results were reviewed and recommended by the Audit Committee on 21st
January 2019 and subsequently approved by the Board of Directors at their respective
meeting held on 22nd January 2019.
FOR AND ON BEHALF OF THE BOARD
K.B.S. Anand
MANAGING DIRECTOR & CEO
DIN: 03518282
Date: 22nd January 2019
Place: Mumbai.