Asian Paints Q1 Results 2024 Update; Net Profit And Earning | Asian Paints’ profit decreased by 24.5% in a year: In the first quarter it was ₹ 1,170 crore, revenue fell by 2.32% to ₹ 8,969.73 crore.

Asian Paints Limited has reported a consolidated net profit of Rs 1,170 crore in the first quarter of FY 2024-25. There has been a decline of 24.5% on annual basis. A year ago the company had made a profit of Rs 1,550.4 crore.

During this period, the company’s operational revenue stood at Rs 8,969.73 crore after a decline of 2.32%. In the same quarter a year ago, the company had generated a revenue of Rs 9,182.31 crore. The company has released the results for the first quarter of FY 2025 today (Wednesday, July 17).

Net profit decreased by 6.90% on quarterly basis
At the same time, there has been a decline of 6.90% in the company’s net profit in April-June as compared to the quarterly basis i.e. January-March 2024. The company had a net profit of Rs 8,730.76 crore in the fourth quarter of the financial year 2023-24.

Asian Paints shares fell 12.61% this year
Asian Paints shares have given returns of 1.94% and 1.70% in the last 5 days. However, it has fallen by 8.46% in the last 6 months and by 14.23% in one year. Talking about this year only, i.e. from January 1 till now, the share of Asian Paints has fallen by 12.61%. The market cap of the company is Rs 2.85 lakh crore.

On Tuesday, July 16, shares of Asian Paints closed at Rs 2,968 after a slight gain of 0.39.