Asian Paints posted a 29 percent fall in net profit to Rs 605.2 crore for the July-September period, missing Street estimates.
Asian Paints on Thursday reported a net profit of Rs 605.2 crore for the quarter ended September 30, missing Street estimates. The net profit was down 29 percent on a year-on-year basis.
The paint maker posted revenue of Rs 7,096 crore for the second quarter of the current financial year, marking an increase of 32.6 percent compared with the corresponding period a year ago.
Analysts in a CNBC-TV18 poll had predicted the company's profit at Rs 895 crore over revenue of Rs 6,750 crore for the July-September period.