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Asian Paints reports 67% fall in Q1 consolidated net profit

25 Jul 2020 Evaluate

Asian Paints has reported results for first quarter ended June 30, 2020.

The company has reported 61.39% fall in its net profit of Rs 251.88 crore for the quarter under review as against Rs 652.45 crore for the same quarter in the previous year. Total income of the company decreased 44.05% at Rs 2498.39 crore for Q1FY21 as compared Rs 4465.66 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported 66.67% fall in its net profit attributable to owners at Rs 218.45 crore for the quarter under review as against Rs 655.44 crore for the same quarter in the previous year. Total income of the company decreased by 42.65% at Rs 2969.75 crore for Q1FY21 as compared Rs 5178.24 crore for the corresponding quarter previous year.

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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