After the results of the second quarter of the financial year 2024-25, the share of Asian Paints Limited is seeing a decline of about 8%. In fact, the company's net profit declined by 42% on an annual basis in the July-September quarter. Consolidated net profit this quarter is Rs 694.64 crore.
In the same quarter a year ago, the company had made a profit of Rs 1,205.42 crore. At the same time, the company's sales revenue declined by 5.3% in Q2FY25. It stood at Rs 8,003 crore in this quarter. In the same quarter a year ago, the company had generated a revenue of Rs 8,452 crore. Asian Paints had released the results for the second quarter of financial year 2025 on Saturday, November 9.
Company will give ₹4.25 dividend 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 some part of the profits to their shareholders, it is called dividend.
Net profit decreased by 40% on quarterly basis
At the same time, there has been a decline of 40.68% in the company's net profit in July-September on quarterly basis i.e. compared to April-June. The company had a net profit of Rs 1,170 crore in the first quarter of the financial year 2024-25.
Asian Paints shares fell 24.86% so far this year Currently, Asian Paints shares are trading at Rs 2,550 with a decline of 7.92%. The stock has given negative returns of 11.44% in the last 6 months and 17.36% in 1 year. At the same time, the stock has fallen 24.91% so far this year.
At 11 am, Asian Paints shares were trading at Rs 2,550, down 7.92%.
Asian Paints business in more than 60 countries
Asian Paints was started in 1942. It was started by 4 friends in partnership. It has a major share in the Indian paint market since 1968. Currently, Asian Paints operates in 15 countries. It has 27 paint manufacturing facilities around the world, providing customer service in more than 60 countries.
It operates in a 50:50 joint venture with PPG Inc. of America, one of the world's largest automotive coatings manufacturing companies. There are many companies in the Asian Paints group. These include Asian Paints Berger, Epco Coatings, SCIB Paints, Taubmans, Asian Paints Causeway and Cadisco Asian Paints provides services worldwide.
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