Indigo Paints Ltd Share Price – NSE /  BSE

Paints/Varnish, Small Cap

Indigo Paints announced the resignation of Sakshi Chopra (DIN: 07129633) as Non-Executive - Nominee Director of the Company, with effect from close of business hours on 07 November 2024.

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However, revenue from operations increased 7.35% YoY to Rs 299.53 crore in Q2 FY25.

Profit before tax stood at Rs 30.55 crore in the quarter ended 30 September 2024, down 8.66% from Rs 33.45 crore posted in same quarter last year.

During the quarter, the company’s EBITDA grew by 1.5% to Rs 41.5 crore in Q2 FY25 as compared to Rs 42.1 crore posted in Q2 FY24.

On standalone basis, the company’s consolidated net profit declined 7.69% to Rs 24.12 crore in Q2 FY25 as compared with Rs 26.13 crore in Q2 FY24. Revenue from operations increased 6.68% YoY to Rs 288.55 crore during the quarter.

On half year basis, the company’s consolidated net profit decline 13.37% to Rs 48.84 crore in H1 FY25 as against Rs 567.44 crore posted in H1 FY24. Revenue from operations was at Rs 610.50 crore in H1 FY25, up 7.58% as against Rs 567.44 crore posted in H1 FY24.

Indigo Paints offers a wide range of interior & exterior wall paint colours, enamels & wood coatings for homes & offices.

Shares of Indigo Paints shed 0.27% to Rs 1,633.65 on the BSE.

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Net profit of Indigo Paints declined 10.62% to Rs 22.65 crore in the quarter ended September 2024 as against Rs 25.34 crore during the previous quarter ended September 2023. Sales rose 7.35% to Rs 299.53 crore in the quarter ended September 2024 as against Rs 279.02 crore during the previous quarter ended September 2023.

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Indigo Paints will hold a meeting of the Board of Directors of the Company on 7 November 2024.

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