Profit before tax stood at Rs 65.44 crore in Q4 FY23, up 38% from Rs 47.42 crore posted in Q4 FY22.

EBIDTA (excluding other income) in Q4 FY23 was at Rs 71.73 crore, registering a growth of 33.40% as against Rs 53.77 crore recorded in the corresponding quarter last year. EBITDA margin expanded to 22.04% in Q4 FY23 as compared to 18.64% clocked in Q4 FY22.

Gross margin improved to 46.82% in Q4 FY23 from 43.61% posted in Q4 FY22. PAT margin stood at 14.83% in Q4 FY23 as compared to11.89% recorded in the same period last year.

For the full year, the company's net profit surged 57% to Rs 131.94 crore on 18.5% rise in revenue to Rs 1,073.33 crore in FY23 over FY22.

Meanwhile, the firm's board has recommended a final dividend of Rs 3.50 per equity share for FY23, subject to approval of the shareholders at the ensuing AGM.

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

Shares of Indigo Paints advanced 2.62% to end at Rs 1,497.45 on Friday, 26 May 2023.

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