Many companies are going to present their results on Saturday, one of them is Asian Paints. Analysts believe that the company's results may be weak this time. Actually, this year the monsoon rains have been more and lasted for a longer time. At the same time, the performance may be affected due to the Shraddha falling at the end of the quarter and the festival season falling after the end of the quarter. Moneycontrol has estimated on the basis of a poll of 7 brokerage houses that the company's revenue growth may remain flat compared to last year, while the profit may fall by 11 percent.

What is the estimate regarding the results?

 

On the basis of the average brokerage poll regarding the second quarter results of Asian Paints, it has been estimated that the income may remain flat as compared to last year and may be Rs 8528 crores. Out of 7 analysts, PL Capital has estimated Rs 8691 crores, Motilal Oswal has estimated Rs 8521 crores, Nuwama has estimated Rs 8491 crores, Kotak Institutional has estimated Rs 8455 crores, Phillip Capital has estimated Rs 8484 crores, Axis Securities has estimated Rs 8448 crores and Sharekhan has estimated Rs 8675 crores. On the other hand, according to the average, the company's profit may fall by 11.4% as compared to last year and may be Rs 1067 crores. Regarding profits, PL Capital has given an estimate of Rs 1099 crore, Motilal Oswal Rs 1076 crore, Nuvama Rs 1065 crore, Kotak Institutional Rs 1050 crore, Phillip Capital Rs 1046 crore, Axis Securities Rs 1030 and Sharekhan Rs 1026 crore. That is, different brokerage houses have given an estimate of a decline of 8.8 percent to 15 percent in profits compared to last year. Along with this, it is estimated that the EBITDA margin of the company can remain at 18 percent. Regarding margin, PL Capital has given an estimate of 19.3 percent, Motilal Oswal 17.6 percent, Nuvama 18.2 percent, Kotak Institutional 17.9 percent, Phillip Capital also 17.9 percent, Axis Securities 17.7 percent and Sharekhan 17.4 percent.