Asian Paints Ltd.
-58.45 (-2.08%) Asian Paints reports 5% fall in Q1 consolidated net profit
Date: 22-07-2013Asian Paints has reported results for first quarter ended June 30, 2013.
The company has reported 3.41% rise in its net profit after tax at Rs 283.92 crore for the quarter as compared to Rs 274.57 crore for the same quarter in the previous year. Total income from operations of the company has increased by 12.94% at Rs 2319.68 crore for quarter under review as compared to Rs 2053.98 crore for the quarter ended June 30, 2012.
On consolidated basis, the company has posted a decline of 4.57% in its net profit after taxes and minority interest at Rs 275.20 crore for the quarter ended June 30, 2013 as compared to Rs 288.38 crore for the same quarter in the previous year. However, total income from operation has increased by 11.59% at Rs 2841.09 crore for quarter under review as compared to Rs 2546.07 crore for the quarter ended June 30, 2012.
Asian Paints is India’s largest paint company and Asia’s third largest paint company. The company along with its subsidiaries has operations in 20 countries across the world and 28 paint manufacturing facilities, servicing consumers in 65 countries through Berger International, SCIB Paints-Egypt, Asian Paints, Apco Coatings and Taubmans.