Asian Paints experienced a market cap decrease of ₹13,283.14 crore, bringing its total market cap to ₹2,52,224.86 crore as of Friday’s close. The last traded share price on Friday was ₹2,769.45, reflecting a weekly decline of approximately 5.00% from Monday’s close of ₹2,915.30.
Asian Paints has reported its Q2 FY25 financial results, showing a slight increase in revenue quarter-over-quarter (QoQ) but a modest decline year-over-year (YoY). The company’s revenue from operations for the quarter ended September 30, 2024, reached ₹8,027.54 crore, marking a 0.6% increase from ₹7,969.73 crore in the previous quarter. However, on a year-over-year basis, the revenue saw a decline of 5.3% compared to ₹8,478.57 crore in Q2 FY24.
Profit before tax (PBT) for Q2 FY25 was ₹959.04 crore, reflecting a significant drop of 40.2% QoQ from ₹1,603.62 crore in Q1 FY25, and a decrease of 41.9% YoY from ₹1,650.94 crore in Q2 FY24. The net profit for the quarter stood at ₹693.66 crore, down by 41.6% from ₹1,186.79 crore in the previous quarter and a 43.7% decrease from ₹1,232.39 crore in the same quarter last year.
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