On Thursday, January 21, 2021, Asian Paints declared its consolidated profits at Rs 1,265.35 crore having risen by 62%, from the previous financial quarter.
Last year, for Q3 FY19 results, the company’s profit was reported at Rs 779.71 crore. Capital earned from operations for Q3 FY20 was reported at Rs 6,886.39 crore, multiplied 25.43%, compared to the Rs 5,490.11 crore reported in the same period the previous financial year.
In spite of shakiness seen in the market today, the stock of Asian Paints on BSE rose by 0.62% bringing the share price at Rs 2,714.65.
Managing Director and Chief Executive Officer of Asian Paints Ltd, Amit Syngle remarked on the Q3 results, “The domestic decorative business delivered a powerful performance with more than 30% volume growth led by a strong performance in premium and luxury portfolios. The Home Décor foray of Asian Paints got a big fillip from a strong performance of the Home Improvement business”.
Syngle said that Asian Paints Ltd had seen a major boom in its international business as it witnessed a massive volume growth, in markets across Asia and the Middle East.
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