Asian Paints, on a consolidated basis, has posted a 23 per cent rise in net profit at Rs 338.70 crore (Rs 275.2 crore) for the first quarter ended June 30, 2014.

Income from operations rose 18.3 per cent to Rs 3,362.20 crore from Rs 2,841.10 crore.

On Tuesday, the company scrip was trading at Rs 602.70 at 2.50 pm on the BSE.

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