Asian Paints trades in red on reporting 28% fall in Q2 consolidated net profit
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Asian Paints is currently trading at Rs. 2934.45, down by 69.05 points or 2.30% from its previous closing of Rs. 3003.50 on the BSE.
The scrip opened at Rs. 2980.00 and has touched a high and low of Rs. 2980.00 and Rs. 2912.10 respectively. So far 118821 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3504.05 on 24-Sep-2021 and a 52 week low of Rs. 2070.50 on 26-Oct-2020.
Last one week high and low of the scrip stood at Rs. 3290.00 and Rs. 2912.10 respectively. The current market cap of the company is Rs. 282771.51 crore.
The promoters holding in the company stood at 52.79%, while Institutions and Non-Institutions held 27.80% and 19.37% respectively.
Asian Paints has reported 21.98% fall in its net profit at Rs 618.63 crore for the quarter ended September 30, 2021 as compared to net profit of Rs 792.92 crore for the same quarter in the previous year. However, total income of the company increased by 36.43% at Rs 6,304.38 crore for Q2FY22 as compared Rs 4,621.12 crore for the corresponding quarter previous year.
On the consolidated basis, the company has reported 28.23% fall in its net profit for the period attributable to owners of the company at Rs 595.96 crore for the quarter ended September 30, 2021 as against net profit of Rs 830.37 crore for the same quarter in the previous year. However, total income of the company increased by 33.16% at Rs 7234.21 crore for Q2FY22 as compared Rs 5432.86 crore for the corresponding quarter previous year.
