Asian Paints reports 34% rise in Q1 consolidated net profit

22 Jul 2015

Asian Paints has reported results for first quarter ended June 30, 2015.

The company has reported 38.52% rise in its net profit at Rs 427.81 crore for the quarter ended June 30, 2015 as compared to Rs 308.84 crore for the same quarter in the previous year. The company’s total income has increased by 7.86% to Rs 3014.36 crore for the quarter under review from Rs 2794.78 crore for the corresponding quarter of the previous year.

On the consolidated basis, the company has reported 34.39% rise in its net profit after taxes, minority interest and share of profit / (loss) of associates at Rs 455.18 crore for the quarter ended June 30, 2015 as compared to Rs 338.7 crore for the same quarter in the previous year. Total income of the company has increased by 8.27% at Rs 3696.92 crore for quarter under review as compared to Rs 3414.68 crore for the quarter ended June 30, 2014.

The results include financials of Kadisco Paint and Adhesive Industry Share Company, (Ethiopia) in which the Company's wholly owned subsidiary Berger International, Singapore acquired 51% stake on February 09, 2015.

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