Mumbai: India’s largest paint company, Asian Paints has clocked a 65.8% jump in its consolidated net profit in Q1 FY10 at Rs176 crore.
The company had posted a net profit of Rs106 crore in the year-ago period.
Its consolidated net sales increased by 17.5% to Rs1,460 crore in the reporting quarter from Rs1,242.6 crore in the year-ago period, a release issued here said.
On a stand-alone basis in first quarter of fiscal 2010, Asian Paints recorded a net profit of Rs164.4 crore, up 67.8% from Rs98 crore in the year-ago period.
Net sales rose 17% to Rs1,164.8 crore from Rs995 crore in the year-ago period, the release said.