Asian Paints disclosed a steady growth in consolidated net profit for the quarter ended March 2016. During the quarter, the profit of the company rose 19.88% to Rs 4,087.50 million from Rs 3,409.70 million in the same quarter last year.
Revenues for the quarter rose 12.34% to Rs 39,712.80 million, compared with Rs 35,350 million for the prior year period.
Operating margin for the quarter stood at 17.72 percent as compared to 15.84 percent for the previous year period. Operating Income for the quarter was Rs 7,037.00 million, compared with Rs 5599.2 million in the previous year period.
Earnings per share for the quarter stood at Rs 4.26, registering 20.00% growth over previous year period.
| Quarterly Results - Consolidated (Rs in mn) |
| As at | Mar - 16 | Mar - 15 | %Change |
| Revenues | 39,712.80 | 35,350.30 | 12.34 |
| Net Profit | 4,087.50 | 3,409.70 | 19.88 |
| Diluted EPS | 4.26 | 3.55 | 20.00 |
Shares of the company gained Rs 8.75, or 0.97%, to settle at Rs 907.40. The total volume of shares traded was 205,909 at the BSE (Wednesday).
