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Asian Paints reports 14% fall in Q2 consolidated net profit

Asian Paints has reported results for second quarter ended September 30, 2018.

The company has reported a rise of 1.71% in its net profit at Rs 481.49 crore for the quarter under review as compared to Rs 473.41 crore for the same quarter in the previous year. Total income of the company increased by 8.72% at Rs 3,985.83 crore for Q2FY19 as compared Rs 3,666.04 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 14.44% in its net profit at Rs 492.76 crore for the quarter under review as compared to Rs 575.89 crore for the same quarter in the previous year. However, total income of the company increased by 8.66% at Rs 4,702.37 crore for Q2FY19 as compared Rs 4,327.58 crore for the corresponding quarter previous year.