Asian Paints Share Price fall 5%, Q3 Financial Results Revealed What are the Profits?

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Asian Paints share prices have seen a drop of 5% on Wednesday. This was just after releasing the company’s financial results of Q3. The net profit has been decreased by almost 23% In which is Rs 338 crore less than the previous year this time.

Shares of Asian Paints hit Rs 2235 mark on BSE today at 9.57am. Current prices shows a jump and each share trading for Rs 2273.80. Total market capitalization is standing around Rs 2,16,136.04 Crore.

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Aisan Paints Q3 Financial Results

As per the report, Asian Paints has seen a 23.5% decline in consolidated post-tax profits. Q3 results show Rs 1128.43 Crore profits which was Rs1475.16 Crore a year ago. Revenue from operations was Rs 8449.44 Crore, which is also 6% lower than the previous year’s Rs 9103.09 Crore.

The company has managed to downtrend its expenses by 1.33% year on year.  This year Q3 expenses were Rs 7224.10 Crore while this was Rs 8692.44 Crore in the previous Year.

What CEO Said

The domestic decorative business of Asian Paints has shown 1.6% growth which stands at 7.5% Year-on-year growth alone. This includes the festive season. The CEO of the company said, ‘The operating margins showed improvement from the previous period. However, the unfavorable product mix, along with higher sales and distribution costs, negatively impacted the operating margins compared to the same period last year.

Asian Paints International Business

The company’s international sales grew by  5% last quarter. In Q3 2024 Asian Paints did Rs 818 Crore business, which was Rs 779.1 Crore the previous year. All this was because of positive economic developments in Sri Lanka, Bangladesh, and Nepal have been counterbalanced by currency devaluations in Ethiopia and Egypt.

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