Asian Paints Ltd’s net profit at Rs 480 cr for Q4FY20

New Delhi: Asian Paints Ltd’s consolidated net profit fell marginally to Rs 480 crore for the fourth quarter of the fiscal 2019-20 as compared net profit of Rs 485 crore in the corresponding quarter of the previous fiscal.

The company’s consolidated revenue from operations fell around 7 percent to Rs 4,635 crore for the fourth quarter of the fiscal 2019-20 as compared to Rs 4,991 crore in the same quarter of the previous fiscal. .

The company’s consolidated net profit jumped about 25 percent to Rs 2,774 crore for the entire fiscal 2019-20 as compared to Rs 2,208 crore in the previous fiscal. 

The company’s revenue from operations increased marginally to Rs 20,211 crore for the entire fiscal 2019-20 as compared to Rs 19,248 crore for the previous fiscal.

The consolidated total expenses of the company fell to Rs 3,996 crore in the fourth quarter of the 2019-20 fiscal as compared to Rs 4,313 crore in the corresponding quarter of the previous fiscal. The total expenses of the company jumped to Rs 16,392 crore in the 2019-20 fiscal as compared to Rs 16,210 crore in the previous fiscal, the company said in a regulatory filing.

 

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