Asian Paints declines on reporting 24% fall in Q3 consolidated net profit
Asian Paints is currently trading at Rs. 2267.95, down by 87.30 points or 3.71% from its previous closing of Rs. 2355.25 on the BSE.
The scrip opened at Rs. 2280.00 and has touched a high and low of Rs. 2280.00 and Rs. 2235.00 respectively. So far 99971 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3394.00 on 16-Sep-2024 and a 52 week low of Rs. 2208.90 on 16-Jan-2025.
Last one week high and low of the scrip stood at Rs. 2416.20 and Rs. 2215.95 respectively. The current market cap of the company is Rs. 217104.83 crore.
The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 27.67% and 19.71% respectively.
Asian Paints has reported 23.20% decline in its net profit at Rs 1108.59 crore for third quarter ended December 31, 2024 (Q3FY25) as compared to Rs 1443.54 crore for the same quarter in the previous year. Total income of the company decreased by 7.41% at Rs 7546.98 crore for Q3FY25 as compared to Rs 8151.08 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 23.51% decline in its net profit at Rs 1128.43 crore for the quarter ended December 31, 2024 as compared to Rs 1475.16 crore for the same quarter in the previous year. Total income of the company decreased by 5.94% at Rs 8692.44 crore for Q3FY25 as compared to Rs 9241.67 crore for the corresponding quarter previous year.
