Page 13 - Asian Paints

Asian Paints third quarter net profit jumps 62% to Rs 1,265 crore

Asian Paints on Thursday reported a 62.28 per cent jump in its consolidated profit to Rs 1,265.35 crore for the third quarter ended December 31, 2020. The company had posted a profit of Rs 779.71 crore during the same period of previous fiscal. Revenue from operations for October-December quarter stood at Rs 6,886.39 crore, up 25.43 per cent, as against Rs 5,490.11 crore reported in the same period of 2019-20 fiscal, Asian Paints Ltd said in a regulatory filing. Amit Syngle, Managing Director & CEO, Asian Paints said demand conditions continued to exhibit a strong recovery across business segments, spread over most regions in the third quarter of this financial year. "The domestic decorative business delivered a powerful performance with more than 30 per cent volume growth led by a strong performance in premium and luxury portfolios. The Home Dcor foray of Asian Paints got a big fillip from a strong performance of the Home Improvement business". Syngle said the international ...

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Asian Paints reports 1.15% rise in net profit at Rs 852 cr in Sept quarter

The company had posted a net profit of Rs 842.14 crore in the July-September quarter a year ago

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Asian Paints slips over 1.5% ahead of Q2 result; here's what to expect

For the quarter under review, analysts at IDBI Capital expect a strong recovery in the decorative coatings business compared to 1QFY21.

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A 57 per cent market share in the automotive paints segment makes Kansai Nerolac the largest segmental player

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In addition to paints, construction chemicals and home decor could add to incremental growth

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Gains from expected business recovery and benign input costs already priced in Asian Paints and Berger Paints' scrips

Paint stocks in focus; Asian Paints hits record high, Berger Paints up 2%

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46% fall in top line and muted profit margin led to 88% dip in pre-tax profit in June quarter

Asian Paints gains 3% in an otherwise weak market post June quarter results

The company's decorative business segment witnessed improving business conditions in May and June

After all-round Q1 beat, Asian Paints may find it hard to convince Street

Revenue down by 43% and PBT 70%; scepticism is around sustenance of volume recovery

Asian Paints Q1 net profit falls 67.3% to Rs 219.6 cr, revenue down 42.7%

Revenue from Home Improvement was at Rs 52.09 crore compared to Rs 107.84 crore last year

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