Asian paints Q1 results 2021
Asian paints the Asian giant in the paint market have posted consolidated net profit of 161% year on year i.e 574 crore rupees, which was 219 crore in last year 2020.
Key points:
Consolidated revenue from operation rose to 191%
Total net income increased to 4891.52 crore from last year 2498.39 crore
EPS increased to 6.21 from last year 2.63
Total expenses increased to 4096.66 crore from last year 2161.42 crore
Net profit increased to 596 crore from last year 251 crore
dividend of rupees 14.50
Assets increased from 13130 to 18042 year on year
The consolidated Q1 results have brought a rally in the share price on tuesday 20 july 2021 with around 6% which take the share price to it's all time high at the price of rupees 3179.50. Hence brokers have increased the target price of the stock
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