Asian Paints Q3 net profit grows 20% YoY to Rs 764 crore; revenue rises 3%

Asian Paints on Wednesday reported a 20 per cent year-on-year (YoY) rise in its consolidated net profit at Rs 764.43 crore for the quarter ended December 31, 2019. The company had posted profit of Rs 635.83 crore in the corresponding quarter of the previous fiscal. Sequentially, the numbers declined 7.7 per cent.

Revenue from operations stood at Rs 5,420.28 crore, up around 3 per cent YoY. Total income grew 3.3 per cent YoY to Rs 5,490 crore.

Profit before tax (PBT) of the company increased by 8.4 per cent to Rs 1,057.28 crore from 975.01 crore in the year-ago