Shares of Asian Paints today rose by over 2 per cent after the company reported a 19.87 per cent increase in consolidated net profit for the March quarter. The stock climbed 2.46 per cent to Rs 929.75 on BSE.
At NSE, shares of Asian Paints gained 2.54 per cent to Rs 931. Asian Paints yesterday reported a 19.87 per cent increase in consolidated net profit at Rs 408.75 crore for the March quarter. It had posted a net profit of Rs 340.97 crore in the corresponding period last year. Consolidated sales during the fourth quarter rose 12.28 per cent to Rs 3,919.23 crore as against Rs 3,490.39 crore in the year-ago period, the company had said in a BSE filing.
For the entire fiscal, the firm's consolidated net profit surged to Rs 1,726.21 crore as against Rs 1,395.15 crore in 2014-15. Net sales stood at Rs 15,330.72 crore in 2015-16 compared with Rs 14,005.33 crore in the previous fiscal.