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.

SSPC: The Society for Protective Coatings
http://www.sspc.org/

Join SSPC and Enhance
Your Career !


Elcometer, Inc.
Durability & Design meet
Performance & Reliability

Elcometer 319 Dewpoint Meter
View the technical data on the Elcometer Dewpoint meter.


SAFE Systems, Inc.
Portable Dust Collectors for Tough Environments

Trailer and skid-mounted models in numerous sizes, powered by electric and/or diesel. Sloped roofs, multiple dust inlets, high static, dampered fans. Lockable power & drive compartments.


Minerals Research & Recovery

HIGH PERFORMANCE ABRASIVES


“Made in the USA!”

Why recycle waste from other countries? Go FASTER, CLEANER, at 1/3 THE COST with MR&R “All-American” Sharpshot®HP!!

WATCH THE VIDEO


Midsun Specialty Products
Stopaq 30+ Year Coatings

Use Stopaq corrosion prevention coatings on pipelines, field joints, tank chimes, structural steel and more. Learn more at www.midsunsp.com/stopaq


Atlantic Design, Inc.
GOING PLACES YOU ONLY DREAM ABOUT!

We custom design.
We sell new & used.
We upgrade.
We retrofit.
We rent.
What are your equipment needs?
Cleverly simple. Clearly ADI. 866.Call.ADI


DeFelsko Corporation
PosiTector 200 for concrete

Rugged, simple and affordable coating thickness gage for concrete measures protective coatings including polyurea.


Dampney Co., Inc.
Solar Coating

High Temperature Resistant for Solar Panels/Collectors/Tubes. Achieve selectivity with the economy and ease
of application of a paint.


Chicago Corrosion Group
Vendor-neutral corrosion consulting

What you don’t know about painting is costing you a fortune. Call today to see how CCG’s vendor-neutral, owner’s advocacy saves our clients millions.

 
 
 
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