Asian Paints Ltd. reported fourth-quarter stand-alone net profit of Rs.244.59 crore, up by 43 percent from the Rs.171.43 crore for the quarter ended March 31, 2011. Total income increased by 30 percent to Rs.2,124.44 crore from the Rs.1,633.20 crore in the year-ago quarter.
For the fiscal year, its stand-alone net profit stood at Rs.958.39 crore, compared with Rs.775.15 crore last year, reflecting a 24 percent growth. Total income rose by 26 percent to Rs.8,105.65 crore from the Rs.6,410.98 crore in 2011.
Consolidated Results
On a consolidated basis, the company reported fourth-quarter net profit, after minority interest of Rs.259.48 crore, higher by 39 percent than the Rs.186.03 crore in the corresponding quarter of the preceding year. Total income grew by 30 percent to Rs.2,585.66 crore from the Rs.1,985.60 crore in the year-ago quarter.
For the twelve months, its net profit, after minority interest, totaled Rs.988.73 crore, compared with Rs.843.24 crore in the corresponding period last year, an increase of 17 percent. Total income rose by 25 percent to Rs.9,739.65 crore from the Rs.7,790.28 crore a year-ago.
The company's board recommended a final dividend of 305 percent or Rs.30.50 per equity shares of Rs.10 each for the fiscal year 2012, to be paid on or after June 26.
At the BSE, Asian Paints closed Tuesday's trading at Rs.3,652.80, after touching a 52-week high of Rs.3,700.00 in the early session.
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