Asian Paints surges on reporting marginal rise in Q4 consolidated net profit
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Asian Paints is currently trading at Rs. 3087.40, up by 77.65 points or 2.58% from its previous closing of Rs. 3009.75 on the BSE.
The scrip opened at Rs. 3038.30 and has touched a high and low of Rs. 3137.90 and Rs. 3037.10 respectively. So far 109744 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3588.05 on 10-Jan-2022 and a 52 week low of Rs. 2521.60 on 11-May-2021.
Last one week high and low of the scrip stood at Rs. 3195.00 and Rs. 2974.30 respectively. The current market cap of the company is Rs. 296881.31 crore.
The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 27.06% and 20.31% respectively.
Asian Paints has reported a rise of 9.83% in its net profit at Rs 899.96 crore for the quarter ended March 31, 2022 as compared to Rs 819.41 crore for the same quarter in the previous year. Total income of the company increased by 18.71% at Rs 6,848.74 crore for Q4FY22 as compared Rs 5,769.30 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported a marginal rise of 0.48% in its net profit at Rs 874.05 crore for the quarter ended March 31, 2022 as compared to Rs 869.89 crore for the same quarter in the previous year. Total income of the company increased by 18.53% at Rs 7,973.06 crore for Q4FY22 as compared Rs 6,726.84 crore for the corresponding quarter previous year.
For the year ended March 31, 2022, the company has reported a rise of 2.72% in its net profit at Rs 3,134.71 crore as compared to Rs 3,051.80 crore for the previous year. Total income of the company increased by 35.79% at Rs 25,640.40 crore for year under review as compared to Rs 18,882.88 crore for year ended March 31, 2021.
For the year ended March 31, 2022, on the consolidated basis, the company has reported a fall of 3.80% in its net profit at Rs 3,084.81 crore as compared to Rs 3,206.75 crore for the previous year. However, total income of the company increased by 33.91% at Rs 29,481.29 crore for year under review as compared to Rs 22,015.84 crore for year ended March 31, 2021.
