Asian Paints Q3 profit up 1.5% to Rs 489 crore

 Asian Paints on Monday reported 1.52% increase in consolidated net profit at Rs 489.31 crore for the third December quarter of the current fiscal.

It had posted net profit of Rs 482.02 crore in the October -December quarter of last fiscal. Asian Paints said in a BSE filing that its total income from operations was Rs 4,353.99 crore during the quarter under review, as against Rs 4,245.16 crore in the year-ago period. The company said its paints segment had revenue of Rs 4,284.26 crore in the October-December quarter of 2016-17, as against Rs 4,179.97 in the same quarter of 2015-16.

Home improvement category clocked revenue of Rs 69.73 crore as compared to Rs 65.19 crore in the year-ago period. Shares of Asian Paints ended the day at Rs 964.25 apiece, down 0.16% from the previous close on BSE.