- Asian Paints reported a Q1 net profit of ₹1,559 crore, reflecting a 39.6% year-on-year growth and surpassing estimates of ₹1,270 crore.
- Adani Ports achieved a Q1 net profit of ₹3,620 crore, marking a 9.2% increase compared to ₹3,315 crore in the previous year.
Asian Paints reported a remarkable 39.6% increase in net profit for Q1, reaching ₹1,559 crore, surpassing estimates of ₹1,270 crore. The company achieved a revenue of ₹10,542 crore, up 18% from ₹8,938.6 crore year-on-year, with an EBITDA of ₹2,169 crore and a margin of 20.6%.1
Meanwhile, Adani Ports reported a 9.2% profit increase to ₹3,620 crore, compared to ₹3,314 crore last year. The revenue rose 18.6% to ₹10,821 crore, with EBITDA climbing 19% to ₹6,541 crore and maintaining a strong EBITDA margin of 60.4%.2
Both companies' performances reflect a robust demand in their sectors, with Asian Paints noting a 9% volume growth in its decorative business, exceeding expectations. The strong earnings from these firms contribute to a positive outlook for the Indian equity market, which saw significant gains recently.
The Nifty 50 index closed above 24,200, indicating a broad-based rally across sectors, including IT, metal, banking, and FMCG stocks.
As more companies report their earnings, the market anticipates continued strong performance in the upcoming quarters.
“Asian Paints achieved a revenue of ₹10,542 crore, surpassing estimates, while its EBITDA rose to ₹2,169 crore with a margin of 20.6%. Adani Ports also reported strong performance, with revenue increasing 18.6% to ₹10,821 crore and EBITDA up 19% to ₹6,541 crore.”
CNBC TV18
