Asian Paints drops on reporting 25% fall in Q1 consolidated net profit
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Asian Paints is currently trading at Rs. 2913.30, down by 61.10 points or 2.05% from its previous closing of Rs. 2974.40 on the BSE.
The scrip opened at Rs. 2870.10 and has touched a high and low of Rs. 2956.75 and Rs. 2848.15 respectively. So far 96799 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3566.90 on 24-Jul-2023 and a 52 week low of Rs. 2671.00 on 10-May-2024.
Last one week high and low of the scrip stood at Rs. 3050.85 and Rs. 2848.15 respectively. The current market cap of the company is Rs. 280186.47 crore.
The promoters holding in the company stood at 52.63%, while Institutions and Non-Institutions held 27.63% and 19.74% respectively.
Asian Paints has reported results for first quarter ended June 30, 2024 (Q1FY25). The company has reported 20.95% fall in its net profit at Rs 1192.40 crore for the quarter ended June 30, 2024 as compared to Rs 1508.37 crore for the same quarter in the previous year. Total income of the company decreased by 2.68% at Rs 8107.17 crore for Q1FY25 as compared to Rs 8330.73 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 24.64% fall in net profit at Rs 1186.79 crore for Q1FY25 as compared to Rs 1574.84 crore for the same quarter in the previous year. Total income of the company decreased by 2.70% at Rs 9125.94 crore for Q1FY25 as compared to Rs 9379.38 crore for the corresponding quarter previous year.
