Asian Paints today reported 20.23 per cent decline in consolidated net profit to Rs 440.74 crore for the first quarter ended June 30, mainly on account of higher expenses. The company had posted a net profit of Rs 552.56 crore in the same period of previous fiscal, Asian Paints said in a BSE filing. The company's total expenses during the June quarter increased by 10.74 per cent to Rs 3,661.37 crore, compared to Rs 3,306.22 crore during the same period last fiscal. On standalone basis, the company recorded a net profit of Rs 400.95 crore, compared to Rs 501.18 crore in the year ago period. Shares of the company were trading at Rs 1,156.50 apiece on BSE, up 0.04 per cent from previous close.

Source: dna July 25, 2017 09:45 UTC