PROFIT / LOSS STAEMENT of ASIAN PAINTS

REVENUE FROM OPERATIONS

1. Revenue from Sales- Sales revenue means that all the money or the revenue earned from
the sale of products. Asian paints in year 2019-2020 was Rs. 17025.26cr whereas in year
2020-2021 is Rs.18252.46cr which means that they have Rs. 1227.2cr increased their sales in
this year. An increase in revenue is a positive this for the company as it helps in increasing its
profit margin even during covid 19.
2. Revenue from sale of services- Asian paints revenue from services by Rs. 27.25cr which
means that they have increased their services like supervised painting, trained professionals,
safety protocols amid covid19, mechanised tools, and proper sanitization which attracted
most of the consumers to this company.
3. Operating Profit- The Company’s manufacturing facilitates at Maharashtra and Andhra
Pradesh are eligible to receive incentive in form of refund of SGST, refund of stamp duty and
refund of/ exemption from payment of electricity duty as per the Industrial Promotion
Schemes of the respective State Governments and Memorandum of Understanding signed
with the respective State Governments. During the year, ₹ 182.44 crores (Previous year - ₹
116.65 crores) is included under the head “Other operating revenue” on accrual basis.

OTHER INCOME

1. Interest from income- Investments in debt instruments measured at fair value through OCI
(other comprehensive income) which includes revenues, income, losses and gains that have
not realized yet which is increased by Rs. 1.53cr. This shows that the interest earned from
the bank and expenses associated with paying its interest-bearing liabilities. Amortised cost
is decreased by Rs. 2cr which means that the companies’ assets have increased their value
over a longer period of time.
2. Dividend Income- Relates to investments held at the end of reporting period, includes gain
on sale of financial assets measured at FVTPL (Fair Value Through for Profit/Loss) ` 1.89
crores (Previous year - ` 1.25 crores). It is also decreased by Rs.18.28cr which is the positive
impact for the company as the company conserves its cash by reducing dividends and
reinvest for the back stock.
3. Other Non-Operating Income- It includes dividend income, profits or losses from
investments as well as gains or losses incurred by foreign exchange and asset written
downs. It is increased by Rs. 3.34cr which means that company has received profits more
than last year.
4. Other gains and losses- The company has gained from foreign exchange approximately by
542% which is immense increase, sale of PPE has also increased by Rs. 8cr approx. and the
increase in termination of leases by 80% which means that the company has gained its sales
as compared to last year.

EXPENSES

1. COGS(Cost of Material Consumed)- It shows the true value of the company during the
period which is increased by Rs. 91.66cr, it means that company has directly included the
cost of material and labour that are used to create the good.
2. Purchase of stock in trade- It means that all the purchases of finished goods that the
company buys towards conducting its business is increased Rs. 365.18cr.
 3. Changes in inventories of finished goods, stock-in-trade and work in progress - the change
in inventories is 90.7cr higher than the last year which means that the company is rising its
profit margin by selling its goods.
4. Employee benefit expense- Asian paints has increased its employee benefit expense by Rs.
143.23cr which is very beneficial for the employees in terms of their salaries , their services.
5. Other Expense- The other expenses are the expenses that are not related to the main
business of the company which has also decreased by1.15% .

EBITA

1. Finance cost – It has decreased by Rs. 6cr approx. which means that the interest on bank
borrowings, bill discounting, loan from state of Haryana, lease liabilities, other lease
liabilities, it is positive point for the business to earn more profit.
2. Depreciation and Amortisation Expense- it has increased by Rs. 1.01cr from 2020-21.

PROFIT BEFORE TAX and AFTER TAX

1. It increased by 19% as compared to last year it was 9.5%

2. It is also increased by 15% as compared to last year with the inclusion of tax expense.

OCI(Other Comprehensive Expenses)

1. Includes revenues, expenses, gains, and losses that have yet to be realized and are excluded
from net income on an income statement.
2. It is increased by 14.74% as compared to last year.

31st MARCH ,20

Particulars degree (CR) 31st MARCH, 21 (CR) CHANGE (%)
         
7.20811312
Net Sales RS 17,025 18252.46 1
Other Income RS 357.54 336.32 -5.93500028
7.34746894
Total Revenues RS 17,137.33 18,396.49 6
13.3990824
Gross Profit RS 8705.82 9872.32 5
18.6914396
Depreciation RS 3446.23 4090.38 3
-
24.5418848
Interest RS 76.4 57.65 2
19.8460019
Profit before tax RS 3,413.03 4,090.38 4
36.7273541
Tax RS 759.08 1,037.87 7
15.0176152
Profit after tax RS 2,653.95 3,052.51 5
Gross Profit Margin % 20.6 23.40  
Effective tax rate % 23.90 36.60  
Net profit margin % 13.5 19.82  
s