Asian Paints reports 14 pct increase in net profit to Rs 467 cr in Q3

Asian Paints Tuesday reported 14.09 per cent increase in its consolidated net profit to Rs 647.15 crore for the third quarter ended December 31, 2018. The company had posted a net profit of Rs 567.21 crore during the same period previous fiscal.

Revenue from operations for the October-December quarter stood at Rs 5,293.99 crore. It was Rs 4,267.49 crore in the same period of 2017-18 fiscal, Asian Paints Ltd said in a regulatory filing. The company said due to the imposition of GST, revenue figure for the period up to June 30, 2017, are not strictly relatable to those thereafter. Asian Paints shares Tuesday ended 0.99 per cent down at Rs 1,406.55 on the BSE.