Integrated Filing — IndAS



General information about company

Scrip Code 500820
NSE Symbol ASIANPAINT
MSEI Symbol NOTLISTED
ISIN INE021A01026
Name of company Asian Paints Limited
Type of company Main Board
Class of security Equity
Date of start of financial year 01-04-2025
Date of end of financial year 31-03-2026
Date of board meeting when results were approved 12-11-2025
Date on which prior intimation of the meeting for considering financial results was informed to the exchange 03-10-2025
Description of presentation currency INR
Level of rounding used in financial results Lakhs
Reporting Type Quarterly
Reporting Quarter Second quarter
Nature of report standalone or consolidated Consolidated
Whether results are audited or unaudited for the quarter ended Unaudited
Whether results are audited or unaudited for the Year to date for current period ended/year ended Unaudited
Segment Reporting Single segment
Description of single segment Paints and Home Décor
Start date and time of board meeting 12-11-2025   10:30:00
End date and time of board meeting 12-11-2025   15:00:00
Whether cash flow statement is applicable on company Yes
Type of cash flow statement Cash Flow Indirect
Declaration of unmodified opinion or statement on impact of audit qualification Not applicable



Financial Results Ind-AS

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
1 Income
Revenue from operations 8,53,127.00 17,46,982.00
Other income 19,864.00 39,143.00
Total income 8,72,991.00 17,86,125.00
2 Expenses
(a) Cost of materials consumed 3,76,024.00 7,76,379.00
(b) Purchases of stock-in-trade 98,362.00 1,90,183.00
(c) Changes in inventories of finished goods, work-in-progress and stock-in-trade 10,248.00 30,377.00
(d) Employee benefit expense 68,622.00 1,38,918.00
(e) Finance costs 4,387.00 8,837.00
(f) Depreciation, depletion and amortisation expense 30,493.00 60,580.00
(f) Other Expenses
1 Other Expenses 1,49,533.00 2,98,290.00
Total other expenses 1,49,533.00 2,98,290.00
Total expenses 7,37,669.00 15,03,564.00
3 Total profit before exceptional items and tax 1,35,322.00 2,82,561.00
4 Exceptional items 0.00 0.00
5 Total profit before tax 1,35,322.00 2,82,561.00
6 Tax expense
7 Current tax 35,278.00 73,664.00
8 Deferred tax 2,051.00 2,831.00
9 Total tax expenses 37,329.00 76,495.00
10 Net movement in regulatory deferral account balances related to profit or loss and the related deferred tax movement 0.00 0.00
11 Net Profit Loss for the period from continuing operations 97,993.00 2,06,066.00
12 Profit (loss) from discontinued operations before tax 0.00 0.00
13 Tax expense of discontinued operations 0.00 0.00
14 Net profit (loss) from discontinued operation after tax 0.00 0.00
15 Share of profit (loss) of associates and joint ventures accounted for using equity method 3,830.00 7,462.00
16 Total profit (loss) for period 1,01,823.00 2,13,528.00
17 Other comprehensive income net of taxes 5,993.00 705.00
18 Total Comprehensive Income for the period 1,07,816.00 2,14,233.00
19 Total profit or loss, attributable to
Profit or loss, attributable to owners of parent 99,359.00 2,09,336.00
Total profit or loss, attributable to non-controlling interests 2,464.00 4,192.00
20 Total Comprehensive income for the period attributable to
Comprehensive income for the period attributable to owners of parent 1,04,987.00 2,09,699.00
Total comprehensive income for the period attributable to owners of parent non-controlling interests 2,829.00 4,534.00
21 Details of equity share capital
Paid-up equity share capital 9,592.00 9,592.00
Face value of equity share capital 1 1
27 Details of debt securities
22 Reserves excluding revaluation reserve
23 Earnings per share
i Earnings per equity share for continuing operations
Basic earnings (loss) per share from continuing operations 10.37 21.84
Diluted earnings (loss) per share from continuing operations 10.36 21.83
ii Earnings per equity share for discontinued operations
Basic earnings (loss) per share from discontinued operations 0 0
Diluted earnings (loss) per share from discontinued operations 0 0
ii Earnings per equity share
Basic earnings (loss) per share from continuing and discontinued operations 10.37 21.84
Diluted earnings (loss) per share from continuing and discontinued operations 10.36 21.83
24 Debt equity ratio
25 Debt service coverage ratio
26 Interest service coverage ratio
27 Disclosure of notes on financial results Textual Information(1)



Disclosure of notes on financial results

Textual Information(1) 1. The Consolidated Financial Results are prepared in accordance with Indian Accounting Standards ('Ind AS') notified under Section 133 of the Companies Act, 2013, read together with the Companies (Indian Accounting Standards) Rules, 2015 (as amended). 2. On 9th July 2025, the Parent Company sold its entire holding of 20,10,626 equity shares of Akzo Nobel India Limited at a price of Rs. 3,651 per share. The said investment had been accounted at fair value through other comprehensive income and accordingly, the fair valuation gain was recognized over the years in other comprehensive income. In line with the above accounting treatment, the realized gain of Rs. 637.45 crores (net of tax of Rs. 50.67 crores) pursuant to the sale of the investment is not reclassified to consolidated profit and loss account as per Ind AS 109 -Financial Instruments. 3. The Board of Directors at their meeting held on 29th July 2025 had approved the Scheme of Amalgamation ('the Scheme') of Asian Paints (Polymers) Private Limited, wholly owned subsidiary of Asian Paints Limited (the Parent Company) with the Parent Company in accordance with the provisions of the Companies Act, 2013 and other applicable laws with the appointed date of 1st April 2025. The Scheme is subject to necessary statutory and regulatory approvals, including approval of the Hon'ble National Company Law Tribunal, Mumbai. 4. The Group is primarily engaged in the business of 'Paints and Decor'. There is no separate reportable segment as per Ind AS 108 - Operating Segments. 5. The above Consolidated Financial Results were reviewed and recommended by the Audit Committee on 11th November 2025 and subsequently approved by the Board of Directors on 12th November 2025.



Remarks

Debt equity ratio
Debt service coverage ratio
Interest service coverage ratio


Statement of Asset and Liabilities

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
Date of start of reporting period 01-04-2025
Date of end of reporting period 30-09-2025
Whether results are audited or unaudited Unaudited
Nature of report standalone or consolidated Consolidated
Assets
1 Non-current assets
Property, plant and equipment 8,64,586.00
Capital work-in-progress 1,76,612.00
Investment property
Goodwill 21,716.00
Other intangible assets 35,647.00
Intangible assets under development
Biological assets other than bearer plants
Investments accounted for using equity method 63,906.00
Non-current financial assets
Non-current investments 15,444.00
Trade receivables, non-current 801.00
Loans, non-current 0.00
Other non-current financial assets 1,05,761.00
Total non-current financial assets 1,22,006.00
Deferred tax assets (net) 1,373.00
Other non-current assets 57,968.00
Total non-current assets 13,43,814.00
2 Current assets
Inventories 6,01,083.00
Current financial asset
Current investments 4,63,782.00
Trade receivables, current 4,42,382.00
Cash and cash equivalents 59,904.00
Bank balance other than cash and cash equivalents 41,163.00
Loans, current 0.00
Other current financial assets 1,13,250.00
Total current financial assets 11,20,481.00
Current tax assets (net)
Other current assets 69,494.00
Total current assets 17,91,058.00
3 Non-current assets classified as held for sale
4 Regulatory deferral account debit balances and related deferred tax Assets
Total assets 31,34,872.00
Equity and liabilities
1 Equity
Equity attributable to owners of parent
Equity share capital 9,592.00
Other equity 19,48,267.00
Total equity attributable to owners of parent 19,57,859.00
Non controlling interest 62,171.00
Total equity 20,20,030.00
2 Liabilities
Non-current liabilities
Non-current financial liabilities
Borrowings, non-current 91,081.00
Trade payables, non-current
(A) Total outstanding dues of micro enterprises and small enterprises
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises
Total Trade payable
Other non-current financial liabilities 1,35,456.00
Total non-current financial liabilities 2,26,537.00
Provisions, non-current 26,213.00
Deferred tax liabilities (net) 38,091.00
Deferred government grants, Non-current
Other non-current liabilities 4,108.00
Total non-current liabilities 2,94,949.00
Current liabilities
Current financial liabilities
Borrowings, current 1,04,651.00
Trade payables, current
(A) Total outstanding dues of micro enterprises and small enterprises 21,712.00
(B) Total outstanding dues of creditors other than micro enterprises and small enterprises 3,15,814.00
Total Trade payable 3,37,526.00
Other current financial liabilities 2,92,282.00
Total current financial liabilities 7,34,459.00
Other current liabilities 42,497.00
Provisions, current 9,165.00
Current tax liabilities (Net) 33,772.00
Deferred government grants, Current
Total current liabilities 8,19,893.00
3 Liabilities directly associated with assets in disposal group classified as held for sale
4 Regulatory deferral account credit balances and related deferred tax liability
Total liabilities 11,14,842.00
Total equity and liabilites 31,34,872.00
Disclosure of notes on assets and liabilities



Format for Reporting Segment wise Revenue, Results and Capital Employed along with the company results

Amount in (Lakhs)

Particulars 3 months/ 6 month ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
Date of start of reporting period 01-07-2025 01-04-2025
Date of end of reporting period 30-09-2025 30-09-2025
Whether results are audited or unaudited Unaudited Unaudited
Nature of report standalone or consolidated Consolidated Consolidated
1 Segment Revenue (Income)
(net sale/income from each segment should be disclosed)
Total Segment Revenue
Less: Inter segment revenue
Revenue from operations
2 Segment Result
Profit (+) / Loss (-) before tax and interest from each segment
Total Profit before tax
i. Finance cost
ii. Other Unallocable Expenditure net off Unallocable income
Profit before tax
3 (Segment Asset - Segment Liabilities)
Segment Asset
Total Segment Asset
Un-allocable Assets null null
Net Segment Asset null null
4 Segment Liabilities
Segment Liabilities
Total Segment Liabilities
Un-allocable Liabilities null null
Net Segment Liabilities null null
Disclosure of notes on segments



Other Comprehensive Income

Amount in (Lakhs)

Particulars 3 months/ 6 months ended (dd-mm-yyyy) Year to date figures for current period ended (dd-mm-yyyy)
A Date of start of reporting period 01-07-2025 01-04-2025
B Date of end of reporting period 30-09-2025 30-09-2025
C Whether results are audited or unaudited Unaudited Unaudited
D Nature of report standalone or consolidated Consolidated Consolidated
Other comprehensive income [Abstract]
1 Amount of items that will not be reclassified to profit and loss
1 Items that will not be reclassified to profit or loss 378500000 127300000
Total Amount of items that will not be reclassified to profit and loss 3,785.00 1,273.00
2 Income tax relating to items that will not be reclassified to profit or loss 592.00 138.00
3 Amount of items that will be reclassified to profit and loss
1 Items that will be reclassified to profit or loss 281000000 -59700000
Total Amount of items that will be reclassified to profit and loss 2,810.00 (597.00)
4 Income tax relating to items that will be reclassified to profit or loss 10.00 (167.00)
5 Total Other comprehensive income 5,993.00 705.00



Cash flow statement, indirect

Amount in (Lakhs)

Particulars Year ended (dd-mm-yyyy)
A Date of start of reporting period 01-04-2025
B Date of end of reporting period 30-09-2025
C Whether results are audited or unaudited Unaudited
D Nature of report standalone or consolidated Consolidated
Statement of cash flows
Cash flows from used in operating activities
Profit before tax 2,82,561.00
Adjustments for reconcile profit (loss)
Adjustments for finance costs 8,837.00
Adjustments for decrease (increase) in inventories 70,844.00
Adjustments for decrease (increase) in trade receivables, current (18,289.00)
Adjustments for decrease (increase) in trade receivables, non-current 0.00
Adjustments for decrease (increase) in other current assets 1,207.00
Adjustments for decrease (increase) in other non-current assets 0.00
Adjustments for other financial assets, non-current 0.00
Adjustments for other financial assets, current 9,108.00
Adjustments for other bank balances 0.00
Adjustments for increase (decrease) in trade payables, current (7,399.00)
Adjustments for increase (decrease) in trade payables, non-current 0.00
Adjustments for increase (decrease) in other current liabilities 241.00
Adjustments for increase (decrease) in other non-current liabilities 0.00
Adjustments for depreciation and amortisation expense 60,580.00
Adjustments for impairment loss reversal of impairment loss recognised in profit or loss 0.00
Adjustments for provisions, current 0.00
Adjustments for provisions, non-current 0.00
Adjustments for other financial liabilities, current 4,478.00
Adjustments for other financial liabilities, non-current 0.00
Adjustments for unrealised foreign exchange losses gains (239.00)
Adjustments for dividend income 212.00
Adjustments for interest income 8,399.00
Adjustments for share-based payments 1,380.00
Adjustments for fair value losses (gains) (12,758.00)
Adjustments for undistributed profits of associates 0.00
Other adjustments for which cash effects are investing or financing cash flow (369.00)
Other adjustments to reconcile profit (loss) 3,384.00
Other adjustments for non-cash items 11,541.00
Share of profit and loss from partnership firm or association of persons or limited liability partnerships 0.00
Total adjustments for reconcile profit (loss) 1,23,935.00
Net cash flows from (used in) operations 4,06,496.00
Dividends received 0.00
Interest paid 0.00
Interest received 0.00
Income taxes paid (refund) 58,270.00
Other inflows (outflows) of cash 0.00
Net cash flows from (used in) operating activities 3,48,226.00
Cash flows from used in investing activities
Cash flows from losing control of subsidiaries or other businesses 0.00
Cash flows used in obtaining control of subsidiaries or other businesses 0.00
Other cash receipts from sales of equity or debt instruments of other entities 0.00
Other cash payments to acquire equity or debt instruments of other entities 0.00
Other cash receipts from sales of interests in joint ventures 0.00
Other cash payments to acquire interests in joint ventures 0.00
Cash receipts from share of profits of partnership firm or association of persons or limited liability partnerships 0.00
Cash payment for investment in partnership firm or association of persons or limited liability partnerships 0.00
Proceeds from sales of property, plant and equipment 79.00
Purchase of property, plant and equipment 72,121.00
Proceeds from sales of investment property 0.00
Purchase of investment property 0.00
Proceeds from sales of intangible assets 0.00
Purchase of intangible assets 0.00
Proceeds from sales of intangible assets under development 0.00
Purchase of intangible assets under development 0.00
Proceeds from sales of goodwill 0.00
Purchase of goodwill 0.00
Proceeds from biological assets other than bearer plants 0.00
Purchase of biological assets other than bearer plants 0.00
Proceeds from government grants 0.00
Proceeds from sales of other long-term assets 77,542.00
Purchase of other long-term assets 10.00
Cash advances and loans made to other parties 0.00
Cash receipts from repayment of advances and loans made to other parties 0.00
Cash payments for future contracts, forward contracts, option contracts and swap contracts 0.00
Cash receipts from future contracts, forward contracts, option contracts and swap contracts 0.00
Dividends received 4,490.00
Interest received 3,956.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (18,419.00)
Net cash flows from (used in) investing activities (4,483.00)
Cash flows from used in financing activities
Proceeds from changes in ownership interests in subsidiaries 367.00
Payments from changes in ownership interests in subsidiaries 18,800.00
Proceeds from issuing shares 0.00
Proceeds from issuing other equity instruments 0.00
Payments to acquire or redeem entity's shares 4,122.00
Payments of other equity instruments 0.00
Proceeds from exercise of stock options 0.00
Proceeds from issuing debentures notes bonds etc 0.00
Proceeds from borrowings 1,02,120.00
Repayments of borrowings 1,285.00
Payments of lease liabilities 17,199.00
Dividends paid 1,97,995.00
Interest paid 9,716.00
Income taxes paid (refund) 0.00
Other inflows (outflows) of cash (41,989.00)
Net cash flows from (used in) financing activities (1,88,619.00)
Net increase (decrease) in cash and cash equivalents before effect of exchange rate changes 1,55,124.00
Effect of exchange rate changes on cash and cash equivalents
Effect of exchange rate changes on cash and cash equivalents 388.00
Net increase (decrease) in cash and cash equivalents 1,55,512.00
Cash and cash equivalents cash flow statement at beginning of period 3,35,742.00
Cash and cash equivalents cash flow statement at end of period 4,91,254.00