Paint manufacturer Asian Paints today said its consolidated net profit surged over threefold to Rs 211.84 crore for the third quarter ended December 31, over the same period last fiscal.
Net sales rose to Rs 1,620 crore for the latest quarter against Rs 1,322.04 crore for the same period previous fiscal, Asian Paints said in a filing to the Bombay Stock Exchange (BSE).
For the nine-month period ended December 31, 2009, the company posted a net profit of Rs 669.20 crore against Rs 311.08 crore for the same period last fiscal.
Shares of Asian Paints today closed at Rs 1,766.90 on the BSE, down 2.47 per cent from previous close.
