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Asian Paints has disclosed a good increase in consolidated net profit for Q3 ended December 2015. Profit rose 25.83% yr-on-yr to Rs4632.80M from Rs3681.80M; revenues rose 13.92% yr-on-yr to Rs41,958.20M, compared with Rs36,831M. Operating margin stood at 17.35% compared to 14.06%. Earnings/share stood at Rs4.83, registering 25.78% growth yr-on-yr.
"The demand conditions in the Indian economy remained challenging. However, the Decorative business recorded double digit volume growth. The industrial coatings JV (AP-PPC) registered good growth in the industrial liquid paints and powder coatings segment in the automotive coatings business JV (PPG-AP),” said KBS Anand, MD & CEO, Asian Paints.
