After the Diwali season, 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 had generated a revenue of Rs 8,452 crore. The company has released the results for the second quarter (Q2FY25) of FY 2025 today (Saturday, 9 November). The company will give 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. Companies give a part of the profit to their shareholders, it is called dividend. Net profit decreased by 40% on quarterly basis At the same time, the company’s net profit has decreased by 40.68% in July-September as compared to quarterly basis i.e. April-June. 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 a year Asian Paints stock closed at Rs 2,767 with a decline of 2.67% on Friday, a day earlier. Asian Paints stock has given a return of 2.10% in the last 6 months. At the same time, it has declined by 10.17% in one year. Talking only about this year i.e. from January 1 till now, the stock of Asian Paints has fallen by 18.52%. The market cap of the company is Rs 2.65 lakh crore. Asian Paints’ business in more than 60 countries Asian Paints was started in the year 1942. It was started by 4 friends in partnership. Since 1968, it has had a major share in the Indian paint market. At present, Asian Paints operates in 15 countries. It has 27 paint manufacturing facilities across the world, 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 Asian Paints group. These include Asian Paints Berger, Apco Coatings, SCIB Paints, Taubmans, Asian Paints Causeway and Cadisco Asian Paints provide service across the world.
