Asian Paints Limited has reported a consolidated net profit of Rs 694.64 crore in the second quarter (July-September) of FY 2024-25. It has declined by 42% on an annual basis. A year ago, the company had a profit of Rs 1,205.42 crore.
During this period, the company’s revenue from sales declined by 5.3% to Rs 8,003 crore. In the same quarter a year ago, the company generated a revenue of Rs 8,452 crore. The company has released the results of the second quarter of FY 2025 (Q2FY25) today (Saturday, 9 November).
The company will pay a dividend of ₹4.25 per share
Apart from the results, the board of Asian Paints has also approved an interim dividend of Rs 4.25 per share to the shareholders. When companies give a part of the profit to their shareholders, it is called the dividend.
Net profit decreased by 40% quarterly
At the same time, the company’s net profit decreased by 40.68% in July-September as compared to April-June quarterly. In the first quarter of the financial year 2024-25, the company had a net profit of Rs 1,170 crore.
Asian Paints stock fell 10.17% in one year
The stock of the company closed at Rs 2,767 on Friday, a day earlier, with a fall of 2.67%. The stock has given a return of 2.10% in the last 6 months.
On the other hand, it has fallen by 10.17% in one year. If we talk only about this year, i.e. from January 1 till now, then the stock of Asian Paints has fallen by 18.52%. The market cap of the company is Rs 2.65 lakh crore.
Asian Paints has business in more than 60 countries
The company was started in 1942. It was started by 4 friends in partnership. Since 1968, it has had a major share in the Indian paint market. Currently, the company operates in 15 countries. It has 27 paint manufacturing facilities worldwide, which provide customer service in more than 60 countries.
It operates in a 50:50 joint venture with America’s PPG Inc., one of the world’s largest automotive coatings manufacturing companies. There are many companies in the group. These include Asian Paints Berger, Apco Coatings, SCIB Paints, Taubmans, Asian Paints Causeway and Cadisco Asian Paints provide service worldwide.
