Asian Paints Ltd.

BSE: 500820 | NSE: ASIANPAINT
Large Cap | Paints
2674.65
-75.55 (-2.75%)
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Asian Paints reports 67% fall in Q1 consolidated net profit

Date: 25-07-2020

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.