Asian Paints reports 80% rise in Q1 consolidated net profit

Asian Paints has reported results for first quarter ended June 30, 2022.

asian paints gains on the bourses
asian paints gains on the bourses

The company has reported a rise of 70.72% in its net profit at Rs 1017.28 crore for the quarter under review as compared to Rs 595.86 crore for the same quarter in the previous year. Total income of the company increased by 57.42% at Rs 7700.07 crore for Q1FY23 as compared Rs 4891.41 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported rise of 80.40% in its net profit at Rs 1036.03 crore for the quarter under review as compared to Rs 574.30 crore for the same quarter in the previous year. Total income of the company increased by 53.41% at Rs 8705.91 crore for Q1FY23 as compared Rs 5674.97 crore for the corresponding quarter previous year.

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