Mumbai52 minutes ago
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Asian Paints Limited has reported a consolidated net profit of Rs 1,170 crore in the first quarter of FY 2024-25. It has declined by 24.5% on an annual basis. A year ago, the company had a profit of Rs 1,550.4 crore.
During this period, the company’s operational revenue declined by 2.32% to Rs 8,969.73 crore. In the same quarter a year ago, the company had generated a revenue of Rs 9,182.31 crore. The company has released the results of the first quarter of FY 2025 today (Wednesday, July 17).
Net profit decreased by 6.90% on quarterly basis
At the same time, the company’s net profit has decreased by 6.90% in April-June as compared to quarterly basis i.e. January-March 2024. In the fourth quarter of the financial year 2023-24, the company had a net profit of Rs 8,730.76 crore.
Asian Paints stock fell 12.61% this year
Asian Paints stock has given a return of 1.94% and 1.70% in the last 5 days. However, it has fallen by 8.46% in the last 6 months and 14.23% in one year. If we talk only about this year i.e. from January 1 till now, then Asian Paints stock has fallen by 12.61%. The market cap of the company is Rs 2.85 lakh crore.
On Tuesday, July 16, Asian Paints shares closed at Rs 2,968 after a marginal gain of 0.39.
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