/ Asian Paints Drops Nearly 3% Post Q4 Number ~ Ways2Capital|Stock Tips|Stock Market Tips|Intraday Stock Tips|Stock Trading Tips|NSE BSE Tips

Friday, 12 May 2017

Asian Paints, an Indian multinational paint company on Friday slipped nearly 3% on the BSE in early hours of trade. The company during post market hours of Thursday had come up with its Q4 earnings report.

Asian Paints on Thursday reported 10.14% rise in consolidated net profit at Rs 479.61 crore for the quarter ended March 31, 2017, against Rs 435.47 crore in the corresponding quarter last year.

Total income of the company jumped 9.39% on a year-on-year basis to Rs 4,486.34 crore for the quarter under review. It had posted total income of Rs 4,101.41 crore in the same quarter last year.

The company in its filing to the exchange also added that the board of director of the company has approved a final dividend of Rs per equity share of face value Rs 1 each.

In addition to this, the company said that a one-time special dividend of Rs 2 per equity share of face value Rs 1 each has been declared for celebrating 75 years of Excellence of Asian Paints.

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