Asian Paints Q2 net profit rises 18.1% YoY to Rs 495 crore
Asian Paints reported a net profit of Rs 418.87 crore in the corresponding quarter of last fiscal, the company said in a statement.
By ETMarkets.com | Updated:
NEW DELHI: Asian Paints reported 18.1 per cent year-on-year (YoY) growth in consolidated net profit to Rs 495 crore, which was in line with ETNow estimates.
Net profit for the same quarter of last financial year stood at Rs 418.87 crore.
The company informed BSE that the board of directors at its meeting approved payment of an interim dividend of Rs 2.65 per share of face value of Re 1 each for the financial year ending March 31, 2017.
Consolidated income from operations for the quarter rose 10.2 per cent on a YoY basis to Rs 4,232 crore compared with Rs 3,839.66 crore reported for the year-ago period.
Net profit for the same quarter of last financial year stood at Rs 418.87 crore.
The company informed BSE that the board of directors at its meeting approved payment of an interim dividend of Rs 2.65 per share of face value of Re 1 each for the financial year ending March 31, 2017.
Consolidated income from operations for the quarter rose 10.2 per cent on a YoY basis to Rs 4,232 crore compared with Rs 3,839.66 crore reported for the year-ago period.
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