MUMBAI: today reported a 160.2 per cent year-on-year rise in consolidated net profit to Rs 568.5 crore, while the company’s topline soared 91 per cent to Rs 5,585.4 crore.
The paint maker’s consolidated profit before tax in the reported quarter rose 154.6 per cent on-year to Rs 778.6 crore.
“The domestic decorative business more than doubled its volume and delivered stellar revenues over the lower base of last year, which had suffered from the first nationwide lockdown,” said Amit Syngle, managing director and chief executive officer at Asian Paints.
In the year-ago quarter, Asian Paints business suffered from the imposition of the nation-wide lockdown for over two months to contain the spread of the Covid-19 infections.
…More to come
