Asian Paints Limited's third-quarter net profit rose by 14.6 percent to Rs 636 crore when compared to a year ago period driven by strong revenue and operational income. In December 2017, it had reported a net profit of Rs 555 crore.
Consolidated revenue was up by 24.3 percent on a year-on-year basis to Rs 5,294 crore in the December-ended quarter due to a double-digit increase in volume in the decorative business segment across regions.

During the quarter, automotive coatings JV (PPG-AP) saw a subdued growth in the auto OEM segment whereas industrial coatings JV (AP-PPG) continued good growth in the protective coatings in both dealer and powder segment.
At the operational level, consolidated EBITDA increased by 17 percent to Rs 1,043.2 crore from a year ago, but margins were hurt in the third quarter due to higher raw material costs. It had contracted to 19.7 percent when compared to 20.9 percent in December 2017.
The share price of Asian Paints remained volatile throughout the day ahead of its quarterly results announcement that was made after market hours. It hit an intraday high of Rs 1,431.50 per share and a low of Rs. 1,378. The stock closed lower by Rs. 14.10 or 0.99 percent at Rs. 1,406.55 apiece on BSE.
More From GoodReturns

ATM Rules Changing From April 1, 2026: HDFC Bank, PNB, Bandhan Bank & Others Revise Cash Withdrawal Rules

Crash in Gold Rate in India by Rs 71,400 in Single Day; Will Gold Price Today Fall Below Rs 1.50 Lakh? Outlook

Gold & Silver Rates Today Live: MCX Gold Crashes By Rs 5,645, Silver Falls By Rs 16,540; 24K, 22K, 18K Gold

1:5 Split Soon? Vedanta Ltd To Consider 3rd Interim Dividend On March 23, Share Jumps; Record Date & Buy Call

Sleeper Vande Bharat Express New Routes Identified for Long Distance Travel

Gold & Silver Rates Today Live Updates: Will 24 Carat, 22 Carat, 18 Carat See Bullish Week Ahead?

Mega Gold Price Crash Alert! 24K Sinks Rs 1.36 Lakh/100 Gm In Week; Silver Sees Losses | March 23-27 Outlook

Gold & Silver Rates Today Live: MCX Gold Ends Above Rs 1.40 Lakh, Silver Up 1%; 24K, 22K, 18K Gold On March 24

Gold Rate Crashes Over Rs 1 Lakh in Single Day, Slips to Lowest Since January; Will Gold Price Today Decline?

Gold Price Crash May Fuel Jewellery Demand: Why Kalyan Jewellers Share Price Could Shine Despite 5% Dip

Fatal Crash In Gold Rates In India By Rs 1,03,200/100 Gm; Biggest Single-Day Fall In 24K, 22K, 18K Gold Prices



Click it and Unblock the Notifications