Asian Paints Ltd. Q3 FY2025 results: revenue ₹8,549 crore, down 6.1% on the year
Asian Paints Ltd. (ASIANPAINT) reported consolidated revenue from operations of ₹8,549 crore for Q3 FY2025, the quarter ended 31 December 2024, down 6.1% on the same quarter a year earlier. Profit after tax was ₹1,128 crore, down 23.5% on the year, and earnings per share ₹11.58. The figures are the company's own, from the unaudited results it filed with NSE on 4 February 2025.
The quarter, against the one before and a year earlier
| Line | Q3 FY2025 | Q2 FY2025 | Q3 FY2024 | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 8,549 | 8,028 | 9,103 | -6.1% |
| Other income | 143 | 174 | 139 | +3.2% |
| Total income | 8,692 | 8,201 | 9,242 | -5.9% |
| Cost of materials consumed | 3,741 | 4,081 | 3,837 | -2.5% |
| Purchases of stock-in-trade | 1,008 | 1,007 | 1,017 | -0.9% |
| Changes in inventories | 172 | -335 | 279 | -38.6% |
| Employee benefit expense | 615 | 676 | 570 | +7.9% |
| Finance costs | 56 | 63 | 54 | +2.6% |
| Depreciation, depletion and amortisation | 256 | 242 | 220 | +16.0% |
| Other expenses | 1,377 | 1,357 | 1,343 | +2.5% |
| Total expenses | 7,224 | 7,093 | 7,322 | -1.3% |
| Profit before exceptional items and tax | 1,468 | 1,108 | 1,920 | -23.5% |
| Exceptional items | 0 | -180 | 0 | n/a |
| Profit before tax | 1,468 | 928 | 1,920 | -23.5% |
| Current tax | 373 | 262 | 480 | -22.3% |
| Deferred tax | 17 | 3 | 12 | +35.7% |
| Total tax | 390 | 265 | 493 | -20.9% |
| Profit after tax | 1,128 | 694 | 1,475 | -23.5% |
| Attributable to owners of the parent | 1,110 | 695 | 1,448 | -23.3% |
| Other comprehensive income | -6 | 71 | 17 | n/a |
| Total comprehensive income | 1,123 | 765 | 1,492 | -24.8% |
| EPS, basic | ₹11.58 | ₹7.25 | ₹15.10 | -23.3% |
| EPS, diluted | ₹11.58 | ₹7.24 | ₹15.10 | -23.3% |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 8,479 | 9,103 | 8,731 | 8,970 | 8,028 | 8,549 | 8,359 | 8,939 | 8,531 | 8,867 | 9,247 | 10,542 |
| Expenses | 7,022 | 7,322 | 7,319 | 7,559 | 7,093 | 7,224 | 7,277 | 7,659 | 7,377 | 7,447 | 7,829 | 8,725 |
| Operating profit | 1,716 | 2,056 | 1,691 | 1,694 | 1,240 | 1,637 | 1,436 | 1,625 | 1,503 | 1,781 | 1,787 | 2,169 |
| OPM % | 20% | 23% | 19% | 19% | 15% | 19% | 17% | 18% | 18% | 20% | 19% | 21% |
| Other income | 165 | 139 | 187 | 156 | 174 | 143 | 100 | 193 | 199 | 161 | 171 | 241 |
| Interest | 51 | 54 | 54 | 55 | 63 | 56 | 53 | 44 | 44 | 48 | 59 | 48 |
| Depreciation | 209 | 220 | 226 | 228 | 242 | 256 | 301 | 301 | 305 | 313 | 310 | 304 |
| Exceptional items | 0 | 0 | 0 | 0 | -180 | 0 | -183 | 0 | 0 | -158 | 0 | 0 |
| Profit before tax | 1,622 | 1,920 | 1,599 | 1,567 | 928 | 1,468 | 999 | 1,472 | 1,353 | 1,423 | 1,589 | 2,058 |
| Tax % | 26% | 26% | 22% | 27% | 29% | 27% | 32% | 27% | 28% | 29% | 27% | 26% |
| Net profit | 1,232 | 1,475 | 1,275 | 1,187 | 694 | 1,128 | 701 | 1,117 | 1,018 | 1,074 | 1,185 | 1,559 |
| EPS in ₹ | ₹12.57 | ₹15.10 | ₹13.11 | ₹12.20 | ₹7.25 | ₹11.58 | ₹7.22 | ₹11.47 | ₹10.37 | ₹11.06 | ₹12.23 | ₹16.06 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 31 December 2024, filed with NSE on 4 February 2025: the result statement. All of Asian Paints Ltd.'s results: NSE company page.
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