PaintSquare.com
      | Connect Follow us on Twitter Like us on Facebook
About | Subscribe | Advertise
  

 

Paint and Coatings Industry News

Main News Page


Asian Paints Doubles Q2 Profit

Tuesday, October 27, 2009

Comment | More

Asian Paints, India’s largest paint company, has announced a net sales increase of nearly 17 percent and a net profit increase of more than 100 percent for its second quarter.
 
The Mumbai-based company announced a net profit increase of 104.1% over the previous corresponding quarter. Sales & Operating Income rose by 16.8% in the quarter that ended Sept. 30, the company said.

“Demand conditions for our decorative business have been good in most parts of the country. The international business was impacted by the global slowdown; however South Asia and Middle East regions performed well. ” said P.M. Murty, MD & CEO, Asian Paints Limited.

It was the second consecutive strong quarter for the company, which recorded a net profit increase of 87% and a net sales increase of 17.1 percent in the first quarter.

The company’s stock climbed to its highest since January 1991.

Asian Paints is India's largest paint company and ranked among the top 10 decorative coatings companies in the world. With its subsidiaries, Asian Paints has operations in 19 countries across the world. Its 27 paint manufacturing facilities service consumers in 65 countries.

   

Tagged categories: Asian Paints; Earnings reports; Finance

Comment Join the Conversation:

Sign in to our community to add your comments.

LPI Incorporated
LPI, Inc.

Manufactures air-powered man lifts for use in prep, paint and blast booths. Standard and custom designs.
Phone 800-657-6956 or www.lpi-inc.com


Harsco
BLACK BEAUTY® App

Download the free app for BLACK BEAUTY® Abrasives. Explore all the features from the palm of your hand.
Toll Free: 1-888-733-3646


SAFE Systems, Inc.
SAFE Systems'
Blast Lights &
Deadman Switches

Halogen or LED blast lights available with our NEW urethane bumper. Switches available in many colors for color coding your hoses.


BASF
New resins from BASF will have metals loving water:

Excellent corrosion resistance, low VOC, high gloss, thin films basf.us/industrialcoatings
polyorders@basf.com
800-231-7868


DeFelsko Corporation
PosiTector Inspection Kits

PosiTector 6000 Coating Thickness Gage easily converts to a surface profile gage, dew point meter or ultrasonic wall thickness gage with a simple probe change.


Dampney Co., Inc.
Rubber In a can!

Rubberized Spray in a
Handy Aerosol Can

• Stays flexible
• Seals off moisture penetration
• Non sagging formulation
• Will not crack, chip or peel
• Apply to wet and dry surfaces
• Paintable


Modern Safety Techniques
Modern Safety Techniques

With our unique LTCat, we can help to provide clean, safe breathing air to your workers. Take a look at our Breathing Air Systems, we supply at least twice as much charcoal as our competitors! Modern


U.S. Zinc
Historic Reliability. Innovative Performance.

For 65 years, the success of U.S. Zinc has come from the quality of our people and our products. The protection properties of our zinc dust prolong the life of marine coatings, helping the world work™


Hempel (USA) Inc.
HEMPEL PROTECTIVE COATINGS

Efficient systems and high quality products to reduce your maintenance costs. Visit Hempel Protective for more information.

 
 
 
Technology Publishing

The Technology Publishing Network

The Journal of Protective Coatings & Linings (JPCL) PaintSquare
Durability + Design Paint BidTracker

 
EXPLORE:      JPCL   |   PaintSquare News   |   Interact   |   Buying Guides   |   Webinars   |   Resources   |   Classifieds
REGISTER AND SUBSCRIBE:      Free PaintSquare Registration   |   Subscribe to JPCL   |   Subscribe to PaintSquare News
MORE:      About PaintSquare.com   |   Privacy policy   |   Terms & conditions   |   Site Map   |   Search   |   Contact Us
 

© Copyright 2000-2015, Technology Publishing / PaintSquare, All rights reserved
2100 Wharton Street, Suite 310, Pittsburgh PA 15203-1951; Tel 1-412-431-8300; Fax 1-412-431-5428; E-mail webmaster@paintsquare.com