Comments
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.
Comments
COMMENT NOW
Comments
Comments have to be in English, and in full sentences. They cannot be abusive or personal. Please abide by our community guidelines for posting your comments.
We have migrated to a new commenting platform. If you are already a registered user of TheHindu Businessline and logged in, you may continue to engage with our articles. If you do not have an account please register and login to post comments. Users can access their older comments by logging into their accounts on Vuukle.