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Quote on Asian Paints 3QFY21 By Amarjeet Maurya, Angel Broking
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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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