01-01-1970 12:00 AM | Source: Angel Broking Ltd
Quote on Asian Paints 3QFY21 By Amarjeet Maurya, Angel Broking
News By Tags | #5795 #5948 #137 #607 #572

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Below are Quote on Asian Paints 3QFY21 By Mr. Amarjeet Maurya, AVP – Mid Caps, Angel Broking Ltd

“For 3QFY21, Asian Paints (APL)’s top-line grew by ~25% to Rs6,788cr on back healthy demand. On the operating front, the company reported margin improvement (up by 439bp YoY to 26.3%), primarily on account of lower expense. The reported net profit grew by ~62% YoY to Rs1,265cr due to higher sales and operating margin improvement .  Overall we positive on stock.” 

 

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