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Asian Paints Q3 result preview: PAT may jump 70-100% from previous quarter

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Asian Paints Q3 result preview: PAT may jump 70-100% from previous quarter

Experts expect Asian Paints Ltd on Jan. 20 to report strong double-digit year-over-year volume growth for the December quarter, which, combined with price hikes during the period, could lead to a revenue increase of about 25%, it said.

They also expect revenue for India’s largest decorative paint maker to rise 20% from the previous quarter.

However, rising input costs could impact margins and cause EBITDA (earnings before interest, tax, depreciation and amortization) margins to decline year-over-year. On a sequential basis, margins are expected to improve.

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The brokerage expects the Mumbai-based company to report consolidated profit after tax (PAT) of Rs 1,000-1,215 crore, up 70-100% quarter-on-quarter. Each year, PAT is expected to drop by 2-20%.

The company reported a consolidated profit of Rs 1,238 crore compared to consolidated revenue of Rs 6,788 crore a year earlier. Profit in the previous quarter was Rs 596 crore against consolidated revenue of Rs 709.6 crore.

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Discretionary product companies such as Asian Paints are expected to see a strong rebound in overall results as a lot of pent-up demand is unleashed this quarter.

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In addition, a strong festive period and a busy wedding season are expected to help the company perform well in the quarter.

Brokerage firm Phillip Capital’s survey of dealers across India states that “the company will report strong volume growth of 25 percnet+ in 3QFY22, driven by four factors: (1) market share gain, (2) The premiumization trend remained unchanged, (3) dealers increased inventories due to sharp price increases in the middle of the quarter, and (4) ancillary areas such as putty and waterproofing showed strong traction.”

The brokerage expects revenue to rise about 35% year-on-year to Rs 9,334 crore on the back of strong volume growth and price hikes.

Rising crude oil prices and higher but stable titanium dioxide prices will continue to impact input costs, which brokerage Phillip Capital expects to rise 45% year-on-year.

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This will result in a 443 basis points (bps) year-on-year decline in EBITDA margin for the quarter to 21.9%, with EBITDA of around Rs 2,045 crore compared to Rs 1,788 crore in the same period last year.

Phillip Capital expects net profit to rise 18% year-on-year to Rs 1,459 crore.

Other brokerages, however, are more conservative in their forecasts. JM Financial expects volume growth of 12%, with an average realized increase of 15%.

Complete News Source : moneycontrol

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Stock market in red amid India’s diplomatic action against Pakistan

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Stock market in red amid India’s diplomatic action against Pakistan

The stock market opened in red on Thursday, with the Sensex trading below 187.91 points and the Nifty below 46.45 points. The 30-share Sensex rose by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. Eight of the 13 major sectors declined at the open, while the broader, more domestically focused small-caps and mid-caps traded flat.

Ajay Bagga, market expert, said that the overhang remains for the next 10 to 15 days, the time it took in the previous two instances from the terrorist strike to the retaliatory Uri and Balakot strikes. On Wednesday, stock markets extended their surge to the seventh day, with Sensex share jumping 520 points to close above 80,000 level for the first time in four months.

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The stock market closed in green for the 7th day on Wednesday, with the 30-share Sensex rising by 520.90 points or 0.65% to settle at 80,116.49, the highest closing level since December 18. During the day, it surged by 658.96 points or 0.82 per cent to 80,254.55. The NSE Nifty rallied 161.70 points or 0.67 per cent to 24,328.95. HCL Tech surged the most by 7.72 per.

Cent after posting an 8.1% increase in consolidated net profit at ₹4,307 crore for March quarter 2024-25, mainly on account of large deals with a total contract value of about ₹25,500 crore. Kotak Mahindra Bank, State Bank of India, Axis Bank, ITC, and UltraTech Cement were also among the laggards, according to PTI Both the Sensex and Nifty reversed their seven-day.

Uptrend and settled lower on Thursday, amid profit-taking and disappointing Q4 earnings of Hindustan Unilever. Selling in blue-chips ICICI Bank, Bharti Airtel, and a largely muted trend in Asian and European equities also dragged the markets down, PTI reported. In the past seven trading days, the BSE benchmark gauge zoomed 6,269.34 points or 8.48 per cent, and the Nifty.

jumped 1,929.8 points or 8.61 per cent ​Indian stock markets experienced significant declines on April 25, 2025, amid escalating geopolitical tensions with Pakistan following a deadly militant attack in Pahalgam, Kashmir, which resulted in 26 civilian deaths. The BSE Sensex fell by 1,195 points during intraday trading, closing 570.8 points lower at 79,227, while the NSE.

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The market downturn was driven by widespread losses across sectors, with 12 out of 13 major indices ending in the red. Broader markets were also affected, as mid-cap and small-cap Nifty50 dropped 207.3 points to settle at 24,039 indices declined over 2%. Investor sentiment was further dampened by India’s strong diplomatic response to the attack, which included.

suspending the Indus Waters Treaty, closing the Attari border crossing, and revoking visa privileges for Pakistani nationals The Indian rupee weakened, closing 0.2% lower at 85.45 against the U.S. dollar, influenced by month-end dollar demand and increased geopolitical uncertainty. Bond yields also rose, reflecting heightened risk aversion among investors

Analysts caution that the ongoing tensions between India and Pakistan could continue to impact market stability. While a full-scale conflict is considered unlikely, the situation remains fluid, and investors are advised to monitor developments closely In Pakistan, the Karachi Stock Exchange’s KSE-100 index fell by 2.12%, or 2,485.85 points, as investors reacted to India’s.

The United Nations has urged both nations to exercise restraint and resolve their differences through peaceful dialogue diplomatic measures and the suspension of the Indus Waters Treaty Indian stock markets slipped into the red on April 25, 2025, following India’s strong diplomatic actions against Pakistan after a deadly terrorist attack in Kashmir. The BSE Sensex.

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