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Indigo Paints Mar-23 Quarter Revenue Registers Growth of 17% in Q-Q revenue and 18% Y-Y Revenue and quarterly profits nearly doubles in the quarter

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Indigo Paints, has reported a revenue of Rs.326 Crore, which is an spike of 16% as compared to previous quarter revenue of Rs. 281 Crore.



Indigo Paints profit has nearly doubled to Rs.50 Crore from Rs.26 Crore . Net Profit Margin of the company improves from 9.34%% to 15.22%. On analysis, it is observed that EBITDA (Operating Profit) Margin has better off from 14.4% to 22.3 %. Improvement in EBITDA Margin is due to decrease in Cost of Sales from 56.23% of Revenue to 53.07% of Revenue and similarly employee cost has reduced 1.29% of revenue and other expenses reduced by 3.05% of revenue. 



On an annual basis, the company has reported revenue of Rs. 1073 Crore. It is an upward increase of 18.43% from previous financial year revenue of Rs. 906 Crore.

Annual profits have substantially improved from Rs. 132 Crore profit in previous year to Rs. 84 Crore in current year. Primary reason that profit has surge is due to fixed costs like depreciation, employee cost and other expenses not increasing at same scale with increase in revenue.

 

Price to Earning (PE) ratio of the company is 54 as compared to the Industry PE of 73. Low PE can be an indication of upward trend in share price. Companies Return on Equity (ROE) is 17% and Return of Capital Employed (ROCE) is 17%.


Company has in the past four years achieved a Compounded Annual Growth Rate (CAGR) in Revenue of 18% and a CAGR in profit of the past four years of 44%.

 

The Brief of Quarterly Results is as follows:



Disclaimer : The information and analysis of financial results or financial statements are purely informative in nature and shall not be consider as any form of investment or any other sort of advice to buy / sell / hold any stock , units or any other financial instruments or advice to make any other form of decision whatsoever.

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Divi's Laboratories Limited June-23 Quarter (Divi's Laboratories), Revenue shrinks by 8.9% to Rs.1778 Crore and Profit soars by 10.9% to Rs.356 Crore.

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Borosil Limited June-23 Quarter (Borosil), Revenue shrinks by 3.2% to Rs.251 Crore and Profit turndowns by 71.4% to Rs.6 Crore.

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LUX INDUSTRIES LIMITED June-23 Quarter (LUX INDUSTRIES), Revenue turndowns by 27.2% to Rs.521 Crore and Profit turndowns by 49.3% to Rs.15 Crore.

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Patanjali Foods Limited June-23 Quarter (Patanjali Foods), Revenue nearly remains regular by 1.3% to Rs.7767 Crore and Profit turndowns by 66.7% to Rs.88 Crore.

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Oil & Natural Gas Corporation Limited June-23 Quarter (ONGC), Revenue nearly remains regular by 0.2% to Rs.163824 Crore and Profit flies by 204.9% to Rs.17383 Crore.

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FSN E Commerce Ventures Limited June-23 Quarter (NYKAA), Revenue soars by 9.2% to Rs.1422 Crore and Profit flies by 183.8% to Rs.6 Crore.

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NHPC Limited June-23 Quarter (NHPC), Revenue flies by 35.9% to Rs.2757 Crore and Profit flies by 103.1% to Rs.1056 Crore.

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Chemcon Speciality Chemicals Limited June-23 Quarter (Chemcon Speciality Chemicals), Revenue nearly remains regular by 0.3% to Rs.79 Crore and Profit turndowns by 44.9% to Rs.6 Crore. 

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AstraZeneca Pharma India Limited June-23 Quarter (AstraZeneca Pharma), Revenue soars by 3.8% to Rs.295 Crore and Profit flies by 212.4% to Rs.54 Crore.

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Glenmark Pharmaceuticals Limited June-23 Quarter (Glenmark Pharma), Revenue nearly remains regular by 0.8% to Rs.3402 Crore and Profit flies by 143.0% to Rs.173 Crore.

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Hindustan Aeronautics Limited June-23 Quarter (HAL), Revenue turndowns by 68.7% to Rs.3915 Crore and Profit turndowns by 71.3% to Rs.814 Crore.

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Apollo Hospitals Enterprise Limited June-23 Quarter (Apollo Hospitals), Revenue soars by 2.7% to Rs.4418 Crore and Profit flies by 19.1% to Rs.173 Crore.

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Cummins India Limited June-23 Quarter (Cummins India), Revenue zooms by 14.7% to Rs.2218 Crore and Profit nearly remains regular by 1.4% to Rs.354 Crore

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