Asian Paints net profit jumps two fold at Rs 574 cr in Q1FY22
New Delhi: Asian Paints consolidated profit jumped about two fold at Rs 574 crore for the first quarter ended of the current fiscal as compared to Rs 220 crore in the corresponding quarter of the previous fiscal.
The revenue from operations of the company jumped 91 percent at Rs 5,585 crore for the first quarter ended of the current fiscal as compared to Rs 2,923 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.
Asian Paints MD and CEO Amit Syngle said, "The domestic decorative business more than doubled its volume and delivered stellar revenues over the lower base of last year which had suffered from the first nationwide lockdown."
Asian Paint's industrial business and the ‘home improvement’ business doubled revenues on 2020’s low base.