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News Details

Asian Paints Q1 net profit zooms 136.64% at Rs 596.06 cr

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20/07/2021 16:10
The company reported standalone net profit of Rs 596.06 crore for the quarter ended June 30, 2021 as compared to Rs 251.88 crore in the same period last year, registering a year-on-year growth of 136.64 per cent.

Net revenue of the company rose substantially by 95.62 per cent at Rs 4,785.91 crore in April-June quarter of this fiscal as against Rs 2,446.56 crore in the corresponding period last year.

During April-June quarter, operating expenses increased by 97.21 per cent to Rs 3,903.87 crore from Rs 1,979.57 crore in year ago period.

Other Income grew by 103.76 per cent at Rs 105.61 crore versus (Jun'20 Rs 51.83 crore).

Operating Profit surged by 88.88 per cent to Rs 882.04 crore as against Rs 466.99 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 3.46 per cent in June quarter.

Interest grew by 9.84 per cent y-o-y to Rs 16.41 crore, while Taxation increased by 133.63 per cent at Rs 198.80 crore (Jun'20 Rs 85.09 crore).