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Asian Paints net profit falls 25% to ₹1,170 crore for June quarter of FY25
The New Indian Express
|July 18, 2024
HIT by the severe heat wave condition and the general election induced poor market sentiment, the paints major Asian Paints saw a steep 25% year-on-year decline in consolidated net at ₹1,170 crore for the June quarter of the current financial year.
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Brokerages were expecting net profit to fall by only 7.6% to ₹1,432 crore, and revenue to remain flat at ₹9,236 crore for the quarter. Against this revenue from sales declined 2% to ₹8,970 crore in the reporting quarter, the company said in a statement Wednesday.
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