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News Topical, Digital Desk : Indigo Paints released its quarterly results after market hours on Thursday. The company said that despite heavy monsoon rains this year, it managed to register 3.5% revenue growth on a standalone basis, while gross margins remained at industry-leading levels. According to the results, the company's consolidated revenue grew by over 4% year-over-year. Profit grew by 11% year-over-year, while standalone profit increased by nearly 6%.
The company's net profit increased
10.8% year-on-year to ₹25.1 crore, compared to ₹22.6 crore in the same quarter last year. Revenue increased 4.2% year-on-year to ₹312 crore, compared to ₹299.5 crore last year. EBITDA increased 11.7% to ₹46.7 crore, compared to ₹41.8 crore last year. Quarterly margins increased to 15%, compared to 14% in the same period last year. The stock's performance was impressive: the stock closed at 990, up more than half a percent, in Thursday's session. A year ago, the stock was above the 1600 level. The stock hit a year-long low of 900 in April. A year ago, the stock reached a year-long high of 1686.
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