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

Topics Asian Paints | Q2 results

Total income in July-September 2020 increased 5.37 per cent to Rs 5,432.86 crore, compared with Rs 5,155.82 crore a year ago, Asian Paints said in a BSE filing

Asian Paints on Thursday reported a 1.15 per cent rise in its consolidated net profit at Rs 851.90crore for the quarter ended September 30.

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

Total income in July-September 2020 increased 5.37 per cent to Rs 5,432.86 crore, compared with Rs 5,155.82 crore a year ago,Asian Paints said in a BSE filing.

Asian Paint Managing Director and CEO Amit Syngle said all the business segments continued to witness improving demand conditions on a progressive basis during the second quarter of this financial year.

"The decorative business segment registered good volume growths for each of the months and, therefore, a healthy double-digit volume growth for the quarter with demand picking up across regions," he said.

Syngle added that the other business segments in India, including the two industrial coatings business, and both the segments in the home improvement category also experienced improving trends in line with the phased out re-opening of the economy

Syngle said the international business portfolio did well, supported by favourable market conditions in Middle East, Africa and Asia, with the exception of Nepal, which continued to witness challenging business conditions due to the coronavirus pandemic.

The board of directors approved the payment of an interim dividend of Rs 3.35 per share.

Shares of Asian Paints weretrading 0.62 per cent lower at Rs 2,101.15 per share on the BSE.


(Only the headline and picture of this report may have been reworked by the Business Standard staff; the rest of the content is auto-generated from a syndicated feed.)


Dear Reader,


Business Standard has always strived hard to provide up-to-date information and commentary on developments that are of interest to you and have wider political and economic implications for the country and the world. Your encouragement and constant feedback on how to improve our offering have only made our resolve and commitment to these ideals stronger. Even during these difficult times arising out of Covid-19, we continue to remain committed to keeping you informed and updated with credible news, authoritative views and incisive commentary on topical issues of relevance.

We, however, have a request.

As we battle the economic impact of the pandemic, we need your support even more, so that we can continue to offer you more quality content. Our subscription model has seen an encouraging response from many of you, who have subscribed to our online content. More subscription to our online content can only help us achieve the goals of offering you even better and more relevant content. We believe in free, fair and credible journalism. Your support through more subscriptions can help us practise the journalism to which we are committed.

Support quality journalism and subscribe to Business Standard.

Digital Editor

Business Standard is now on Telegram.
For insightful reports and views on business, markets, politics and other issues, subscribe to our official Telegram channel