Revenue from operations slipped 3.15% YoY to Rs 342.61 crore in the quarter ended 31st December 2024, primarily due to a muted demand scenario.
Profit before tax (PBT) stood at Rs 45.04 crore, down 10.05% as against Rs 50.07 crore in same quarter last year.
EBIDTA (excluding other income) for the quarter ended December 31, 2024 was Rs. 57.2 crore, registering the growth of 8.1% as against Rs. 62.2 crores in the corresponding quarter of the last year.
“The EBITDA margin and the PAT margin were 16.7% and 10.4% respectively. The industry continued to witness persistent demand slowdown during the period under consideration which has resulted in the de-growth in the top line,” the company stated in exchange filing,
On standalone basis, the company’s net profit fell 3.32% to Rs 36.45 crore on 4.04% decline in revenue from operations to Rs 327.47 crore in Q3 FY25 over Q3 FY24.
Indigo Paints offers a wide range of interior & exterior wall paint colours, enamels & wood coatings for homes & offices.