Asian Paints result: June quarter was great for the company, there was a huge jump of 161% in net profit

Asian Paints results: Asian Paints on Tuesday said its consolidated net profit increased more than two-fold to Rs 574.30 crore during the first quarter of the current financial year ended June 30, 2021. The company had made a profit of Rs 219.61 crore during the April-June quarter of the last financial year.

Asian Paints told the stock exchange that its operating income (consolidated net revenue) during April-June 2021 increased by 91.1 per cent to Rs 5,585.36 crore from Rs 2,922.66 crore in the same period of the previous financial year. Amit Singal, Managing Director and CEO, Asian Paints said, “The domestic decorative business has more than doubled in size, and earnings grew strongly against the lower base effect of last year.” Business and home decor business also doubled their income as compared to last year.

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