Asian Paints moves up on reporting 44% rise in Q4 consolidated net profit
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Asian Paints is currently trading at Rs. 3156.50, up by 17.90 points or 0.57% from its previous closing of Rs. 3138.60 on the BSE.
The scrip opened at Rs. 3139.00 and has touched a high and low of Rs. 3179.00 and Rs. 3088.00 respectively. So far 17198 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3590.00 on 28-Sep-2022 and a 52 week low of Rs. 2560.25 on 17-Jun-2022.
Last one week high and low of the scrip stood at Rs. 3179.00 and Rs. 2992.55 respectively. The current market cap of the company is Rs. 299701.35 crore.
The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 27.02% and 20.35% respectively.
Asian Paints has reported 37.09% rise in its net profit at Rs 1233.73 crore for the quarter ended March 31, 2023 as compared to Rs 899.96 crore for the same quarter in the previous year. Total income of the company increased by 13.17% at Rs 7751.00 crore for Q4FY23 as compared to Rs 6848.74 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 43.97% rise in its net profit at Rs 1258.41 crore for fourth quarter ended March 31, 2023 as compared to Rs 874.05 crore for the same quarter in the previous year. Total income of the company increased by 11.54% at Rs 8892.82 crore for Q4FY23 as compared to Rs 7973.06 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 30.80% rise in its net profit at Rs 4100.18 crore as compared to Rs 3134.71 crore for the previous year. Total income of the company increased by 19.33% at Rs 30596.41 crore for year under review as compared to Rs 25640.40 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 36% rise in its net profit at Rs 4195.33 crore as compared to Rs 3084.81 crore for the previous year. Total income of the company increased by 18.30% at Rs 34875.07 crore for year under review as compared to Rs 29481.29 crore for year ended March 31, 2022.
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