Asian Paints Ltd’s net profit falls 67% to Rs 220 cr in Q1FY21

New Delhi: Asian Paints Ltd’s consolidated net profit fell 67 percent to Rs 220 crore in the first quarter of the current fiscal as compared to Rs 672.09 crore in the corresponding quarter f the previous fiscal. 

The company's net income fell 43 percent to Rs 2,969 crore in in the first quarter of the current fiscal as compared to Rs 5,178 crore in the corresponding quarter f the previous fiscal. 

The revenue from paints fell to Rs 2,870 crore in the first quarter of the current fiscal as compared to Rs 4,996 crore in the corresponding quarter f the previous fiscal. 

The company saw double-digit growth in volumes in June which was otherwise impacted in the months of April and May due to the lockdown, the company said.

 

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