Indigo Paints announced Q2FY23 results: Q2FY23: Net Revenue from Operations for the quarter that ended Q2FY23 was Rs 242.61 crore as against Rs. 196.11 crore in the corresponding quarter of the last year representing an increase of 23.71% over Q2 FY22. EBIDTA (excluding other income) for the quarter ended Q2FY23 was Rs. 33.77 crore as against Rs. 23.38 crore in the corresponding quarter of the last year representing an increase of 44.47%. Net profit for the quarter ended Q2FY23 was Rs. 37.09 crore as against Rs. 13.55 crore in the corresponding quarter of last year representing an increase of 173.75 %. H1FY23: Net Revenue from Operations for the half year ended H1FY23 was Rs 466.60 crores as against Rs. 352.13 crores in the corresponding period of the previous year representing an increase of 32.51%. EBIDTA (excluding other income) for the half year ended H1FY23 was Rs. 69.05 crores as against Rs. 43.54 crores in the corresponding period of the previous year representing an increase of 58.59%. Net profit the for the half year ended H1FY23 was Rs. 57.00 crores as against Rs. 25.16 crores in the corresponding period of the previous year representing an increase of 126.59 %. Result PDF
Indigo Paints announced Q1FY23 Result : Net Revenue from Operations for the quarter ended June 30, 2022 was Rs 223.99 crores as against Rs. 156.02 crores in the corresponding quarter of the last year representing an increase of 43.56% over Q1 FY22. EBIDTA (excluding other income) for the quarter ended June 30, 2022 was Rs. 35.28 crores as against Rs. 20.16 crores in the corresponding quarter of the last year representing an increase of 74.97%. Net profit for the quarter ended June 30, 2022 was Rs. 19.91 crores as against Rs. 11.61 crores in the corresponding quarter of last year representing an increase of 71.53 %. During the quarter, the Company had clocked a healthy growth of 43.56%. The Gross Margins continued to improve sequentially from 43.61% in Q4 FY22 to an industry leading 45.19% in Q1 FY23. In line with the industry, the Company has been passing on incremental price increases to the consumers in a staggered manner and the Gross Margin is largely on par with the figures of QIFY22. Despite an increase of 34.33% in the A&P; spend from Rs.15.70 Cr in Q1 FY22 to Rs. 21.09 Cr, the EBITDA margin has sharply expanded to 15.75% from 12.92% in Q1 FY22 and PAT margin expanded to 8.87% compared to 7.30% in Q1 FY22. Result PDF