Asian Paints Q4 profit rises 3.39%, misses estimates

Asian Paints has recommended a dividend of ₹6.05 per equity share.

Updated on: May 10, 2018, 17:32:48 IST

Press Trust of India | By Anonymous

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Asian Paints today reported a 3.39% increase in its consolidated net profit at ₹495.91 crore for the quarter ended March 2018.

The company had posted a net profit of ₹479.61 crore in the January-March quarter a year ago.

It reported a total income of ₹4,531.52 crore in the fourth quarter as against ₹4,442.25 crore in the corresponding period a year ago, Asian Paints said in a BSE filing.

The company said revenues for the said quarter and the year ended March 2018 are not relatable with those of previous periods due to introduction of GST with effect from July 1, 2017.

For the entire fiscal 2017-18, Asian Paints’ consolidated net profit stood at ₹2,097.52 crore as against ₹2,016.25 crore in 2016-17. Total income was ₹17,482.52 crore for the fiscal under review, compared to ₹17,118.98 crore in 2016-17.

The company has recommended a dividend of ₹6.05 per equity share.

Shares of Asian Paints closed 0.77% down at ₹1,214.70 on the BSE.

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