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Revenue from operations jumped 15.01% year on year to Rs 279.01 crore during the period under review.
Profit before tax stood at Rs 33.45 crore in the quarter ended 30 September 2023, up 18.62% from Rs 28.20 crore posted in Q2 FY23.
EBIDTA (excluding other income) for the quarter ended September 30, 2023 was Rs 42.13 crore as against Rs 33.77 crore in the corresponding quarter of the last year, registering a growth of 24.76%. The EBITDA margin expanded to 15.10% from 13.92% registered in Q2 FY23.
Meanwhile, the company has commenced work on establishing a new water based paint plant of 90,000 KLPA capacity and solvent based paint plant of 12,000 KLPA at Jodhpur, Rajasthan, which are expected to be operational during FY 2025.
Indigo Paints offers a wide range of interior & exterior wall paint colours, enamels & wood coatings for homes & offices.
The scrip jumped 2.52% to settle at Rs 1,464.55 on Friday, 3 November 2023.
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