/ Asian Paints Q3 Expected To Be Down, Demonetisation To Offset Realty Revival ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 20 January 2017

Asian Paints Ltd, the manufacturer and seller of paints and coatings, is expected to post its Q3 FY17 numbers on January 23, 2017. According to the market experts, Asian paints was supposed to post better earnings during December quarter ended 2016, driven by recovery in realty sector on the back of favourable monsoon and new pay panel guidelines.

However, the demonetisation during November 2016 washed off the expectations. The company’s quarter on quarter net sales and net profit may fall 5.9% and 2.2% respectively, the market experts believe.

Furthermore, as per the market experts, considering on a YoY basis, the company may post net sales of Rs 3940 crore as compared to Rs 4100 crore a year ago. Company’s net profit may come in at Rs 484 crore as against Rs 463 crore during corresponding quarter of last year. The stock of Asian Paints may remain in focus on January 20 and January 23, ahead of results.

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