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Asian Paints surges on reporting 34% rise in Q1 consolidated net profit

22 Jul 2015

Asian Paints is currently trading at Rs. 832.25, up by 15.60 points or 1.91% from its previous closing of Rs. 816.65 on the BSE.

The scrip opened at Rs. 817.00 and has touched a high and low of Rs. 841.75 and Rs. 816.65 respectively. So far 94494 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 922.80 on 29-Jan-2015 and a 52 week low of Rs. 593.00 on 22-Jul-2014.

Last one week high and low of the scrip stood at Rs. 869.00 and Rs. 812.00 respectively. The current market cap of the company is Rs. 80188.94 crore.

The promoters holding in the company stood at 52.79% while Institutions and Non-Institutions held 26.83% and 20.37% respectively.

Asian Paints 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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Puchho Befikar
SEBI Registered: Investment Adviser - INA000013323