Asian Paints stated its board of directors has authorized fee of final dividend of Rs.5.30 according tofairness share of the face cost of Rs.1 every for the monetary 12 months ended 31 March 2016. photo: Mint
New Delhi: Asian Paints on Wednesday mentioned a 19.87% growth in consolidated net profit at Rs.408.75crore for the March sector.
The company had published a internet profit of Rs.340.ninety seven crore in the corresponding durationlast 12 months.
Its consolidated income during the fourth region rose 12.28% to Rs.three,919.23 crore as in opposition toRs.3,490.39 crore in the year–ago duration, Asian Paints stated in a BSE filing.
“the decorative enterprise phase in India registered double digit quantity increase in the fourth sector.decrease row material charges aided gross margins… The international commercial enterprise registeredprecise overall performance inside the fourth zone on the lower back of growth in key markets of thecenter East and Bangladesh,” MD and CEO of Asian Paints k.B.S. Anand said.
For the complete fiscal, the firm’s consolidated internet income surged to Rs.1,726.21 crore as in opposition to Rs.1,395.15 crore in 2014-15. net sales stood at Rs.15,330.seventy two crore in 2015-sixteen as compared with Rs.14,1/2.33 crore inside the previous monetary.
In a separate submitting, Asian Paints said its board of administrators has accredited payment of finaldividend of Rs.5.30 in step with fairness proportion of the face fee of Rs.1 every for the financial yearended 31 March 2016.
stocks of the employer closed zero.ninety seven% up at Rs.907.40 apiece on BSE.
