Asian Paints rises on reporting a 44% growth in Q4 consolidated net profit!
Shares of the company gained more than 11% in the last one month.
Quarterly and Annual results
Asian Paints has reported a 37.09% rise in its net profit at Rs 1233.73 crore for the quarter ended March 31, 2023, as compared to Rs 899.96 crore for the same quarter in the previous year. Total income of the company increased by 13.17% at Rs 7751 crore for Q4FY23 as compared to Rs 6848.74 crore for the corresponding quarter previous year.
On a consolidated basis, the company has reported a 43.97% rise in its net profit at Rs 1258.41 crore for the fourth quarter ended March 31, 2023, as compared to Rs 874.05 crore for the same quarter in the previous year. The total income of the company increased by 11.54% at Rs 8892.82 crore for Q4FY23 as compared to Rs 7973.06 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, on a consolidated basis, the company has reported a 36% rise in its net profit at Rs 4195.33 crore as compared to Rs 3084.81 crore for the previous year. Total income of the company increased by 18.30% at Rs 34875.07 crore for the year under review as compared to Rs 29481.29 crore for the year ended March 31, 2022.
Share price movement of Asian Paints Limited
Today, the stock opened at Rs 3139, with a high and low of Rs 3179 and Rs 3038. Currently, the stock is trading at Rs 3157.55, up by 0.60%. The stock has a 52-week high of Rs 3590 and a 52-week low of Rs 2560.25.
The Asian Paints group is the largest paint manufacturer in India also engaged in the business of manufacturing varnishes, enamels or lacquers, surfacing preparation, organic composite solvents and thinners.
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