Companies

Asian Paints Q4 net slips to Rs 487.50 cr

PTI New Delhi | Updated on May 09, 2019 Published on May 09, 2019

Asian Paints on Thursday reported a 1.7 per cent decline in consolidated net profit to ₹ 487.45 crore for the quarter ended on March 31, 2019.

The company posted a net profit of ₹ 495.91 crore in the year-ago period.

However, total income during the period increased 12 per cent to ₹ 5,075.08 crore as against ₹ 4,531.52 crore in January-March 2018.

Total expenses in the quarter rose 15.65 per cent to ₹ 4,340.64 crore against ₹ 3,752.94 crore in the year-ago period.

Revenue from the paints segment was ₹ 4,899.09 crore and ₹ 119.12 crore from the home improvements segment.

The company posted a net profit of ₹ 2,211.91 crore for 2018-19 as compared with ₹ 2,097.52 crore for 2017-18.

Total income for the previous financial year was ₹ 19,576.89 crore (₹17,482.85 crore) in 2017-18.

In a separate filing on Thursday, the company said that its board has approved a final dividend of ₹ 7.65 per equity share of the face value of Re 1 each for 2018-19.

“An interim dividend of Rs 2.85 per equity share was distributed in financial year 2018-19. Thus, the total dividend announced for 2018-19 will be Rs 10.50 per equity share,” the company said.

Shares of Asian Paints closed at ₹ 1,355.80, down 2.29 per cent from the previous close.

Published on May 09, 2019
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