November 23, 2024 10:03 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
'Third World War has begun:' Ex-Ukraine military commander-in-chief Valery Zaluzhny | UK-India Free Trade Agreement negotiations to resume in early 2024 | UK can arrest Benjamin Netanyahu if he visits country based on ICC warrant | Centre to send over 10,000 additional soldiers to violence-hit Manipur amid fresh violence | Chhattisgarh: 10 Maoists killed during encounter with security forces in Sukma
Asian Paints net profit moves up 78.9 pc
Asian Paints
Image: UNI

Asian Paints net profit moves up 78.9 pc

| @indiablooms | 26 Jul 2022, 03:47 pm

Mumbai: Asian Paints on Tuesday reported 78.9 per cent increase in its net profit to Rs 1,016.93 crore for the quarter ended on June 30, 2022, as compared to Rs 568.50 crores in the corresponding period last year.

Consolidated sales increased by 55 per cent to Rs 8,578.88 crore from Rs 5,534.87 crore, the company said in a regulatory filing.

Profit before depreciation, interest, tax and other income (PBDIT) for the group (before share in profit of associates) increased by 70.3 per cent to Rs 1,555.95 crores from Rs 913.56 crore while profit before exceptional items and tax was up by 83.8 per cent to Rs 1,430.83 crore from Rs 778.58 crore.

Commenting on the results, Amit Syngle, Managing Director and CEO of Asian Paints Ltd, said, “The domestic decorative business experienced good consumer demand and recorded stellar revenue growth for the quarter. The volume growth registered in the quarter is one of the highest in the last six quarters."

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.