Well-known paint industry giant Asian Paints announced its quarter 3 results on 17 January 2024. The Asian Paints Q3 Results have shown good stats as expected. There is a 5.4% surge in the revenue and there is a 35% up in the net profit of Asian Paints on the YoY basis. The company has performed well in this quarter. Let’s unveil all the details here with interesting facts and new major announcements by the company regarding dividends on shares.
As per the financial statement of Asian Paints q3 results the net profit of the company soars to Rs 1,448 which is 35% YoY growth. On the other side, Consolidated Reveue from operations has marked a 5.4% jump on a YoY basis which is Rs 9,356 crore than Rs 9,103 crore. The company recorded a 12% volume growth and 5.5% value growth in the decorative business in India. Talking about the EBITDA margins, it rose nearly 28% YoY to Rs 2,056 crore.
Currently, the Asian Paints Share price traded at nearly Rs 3249. Asian Paints share has given -7.51% in the past six months duration. In the last 30 days, Asian Paints have been traded with -2.47% returns. This is the one of prominent companies in the paint sector. Now after this latest quarter results, we can see the movement in share price and it will be interesting to watch the price trend in the upcoming days. Now the dividend announcement is yet to come. Investors are likely to get the details soon related to the Asian Paints dividend.