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News Details

Asian Paints Q2 net profit up 8.77% at Rs 473.45 cr

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24/10/2017 17:11
The company reported standalone net profit of Rs 473.45 crore for the quarter ended September 30, 2017 as compared to Rs 435.27 crore in the same period last year, registering a year-on-yearÿgrowthÿof 8.77 per cent.

Net revenue of the company rose moderately by 17.94 per cent at Rs 3,602.20 crore in July-September quarter of this fiscal as against Rs 3,054.14 crore in the corresponding period last year.

During July-September quarter, operating expenses increased by 16.65 per cent to Rs 2,882.11 crore from Rs 2,470.76 crore in year ago period.

Other Income dipped by 24.69 per cent at Rs 63.84 crore versus (Sep'16 Rs 84.77 crore).

Operating Profit surged by 14.07 per cent to Rs 720.09 crore as against Rs 631.25 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.29 per cent in September quarter.

Interest grew by 12.95 per cent y-o-y to Rs 4.97 crore, while Taxation increased by 12.34 per cent at Rs 228.36 crore (Sep'16 Rs 203.28 crore).