Asian Paints Q1 Results Live : profit falls by 24.54% YOY | Mint

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Asian Paints Q1 Results Live : Asian Paints declared their Q1 results on 17 Jul, 2024. The topline decreased by 2.32% & the profit decreased by 24.54% YoY.

Compared to the previous quarter, the revenue grew by 2.74% while the profit decreased by 6.9%.

The Selling, general & administrative expenses rose by 9.78% q-o-q & increased by 23.56% Y-o-Y.

The operating income was up by 0.02% q-o-q & decreased by 23.76% Y-o-Y.

The EPS is 12.2 for Q1 which decreased by 24.55% Y-o-Y.

Asian Paints has delivered 2.39% return in the last 1 week, -9.78% return in the last 6 months, and -12.58% YTD return.

Currently, Asian Paints has a market cap of 285151.2 Cr and 52wk high/low of 3568 & 2670.1 respectively.

As of 18 Jul, 2024, out of 34 analysts covering the company, 4 analysts have given Strong Sell rating, 10 analysts have given Sell rating, 12 analysts have given Hold rating, 6 analysts have given Buy rating, and 2 analysts have given Strong Buy rating.

The consensus recommendation as of 18 Jul, 2024, was to Hold.

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