Asian Paints Q4 profit jumps
Asian Paints reported 10.14 per cent rise in consolidated net profit at Rs 479.61 crore for the quarter ended March 31, 2017 against Rs 435.47 crore in the corresponding quarter last year. Total income of the company jumped 9.39 per cent on a year-on-year basis to Rs 4,486.34 crore for the quarter under review. It had posted total income of Rs 4,101.41 crore in the same quarter last year. During Jan-March period, consolidated total expenditure of Asian Paints increased by 10.35 per cent to Rs 3,704.36 crore against Rs 3356.78 crore in the same period last year. Shares of the company settled 0.88 per cent up at Rs 1167.80. The company announced its financial results post market hours.
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