Asian Paints Q4 profit up 3.39% at Rs 495.91 crore

Asian Paints today reported a 3.39 per cent increase in its consolidated net profit at Rs 495.91 crore for the quarter ended March 2018.

The company had posted a net profit of Rs 479.61 crore in the January-March quarter a year ago.

It reported a total income of Rs 4,531.52 crore in the fourth quarter as against Rs 4,442.25 crore in the corresponding period a year ago, Asian Paints said in a BSE filing.

The company said revenues for the said quarter and the year ended March 2018 are not relatable with those of previous periods due to introduction of GST with effect from July 1, 2017.

For the entire fiscal 2017-18, Asian Paints' consolidated net profit stood at Rs 2,097.52 crore as against Rs 2,016.25 crore in 2016-17.

Total income was Rs 17,482.52 crore for the fiscal under review, compared to Rs 17,118.98 crore in 2016-17.

The company has recommended a dividend of Rs 6.05 per equity share.

Shares of Asian Paints closed 0.77 per cent down at Rs 1,214.70 on BSE.