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Asian Paints reports marginal rise in Q3 consolidated net profit

24 Jan 2017 Evaluate

Asian Paints has reported results for third quarter ended December 31, 2016. 

The company has reported 0.53% rise in its net profit at Rs 425.83 crore for the quarter under review as compared to Rs 423.57 crore for the same quarter in the previous year. Total income of the company increased by 0.62% at Rs 3689.69 crore for the quarter under review as compared to Rs 3666.98 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 1.51% rise in its net profit after taxes and Share of profit of Associates at Rs 489.31 crore for the quarter ended December 31, 2016, as compared to Rs 482.02 crore for the same quarter in the previous year. Total income of the company increased by 2.53% to Rs 4395.44 crore for quarter under review from Rs 4287.14 crore for the quarter ended December 31, 2015.

Peers
Company Name CMP
Asian Paints 2345.00
Berger Paints India 471.75
Kansai Nerolac Paint 181.10
JSW Dulux 3003.70
Indigo Paints 1022.35
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