Asian Paints Q3 net profit declines 5.2% to ₹1,045.6 crore
after close1 source ↓written by the desknot a recommendation
- in net profit
- 5.2% drop
- for Q3
- ₹1,045.6 crore
- last year
- ₹1,103.5 crore
- Revenue rose
- 3.85%
- despite exceptional expenses
- ₹8,819.72 crore
Asian Paints reported a 5.2% drop in net profit to ₹1,045.6 crore for Q3, down from ₹1,103.5 crore last year. Revenue rose 3.85% to ₹8,819.72 crore despite exceptional expenses, including ₹74.5 crore for new labour codes and a ₹93.87 crore impairment loss on intangibles. Volume growth in the decorative segment was strong at 7.9%.
This performance may impact trader sentiment as profit declines amidst rising revenue could signal underlying cost pressures.
Not investment advice. For informational purposes only.