For the quarter ended June 30, 2015, on consolidation of accounts of the subsidiaries and joint ventures of Asian Paints – income from operations increased by 7.8% to €518.10M from €480.76M. PBDIT (before exceptional item) for the quarter increased by 24% to €97.73M compared to €78.84M yr-on-yr. Net profit after minority interest for the quarter increased by 34.4% to €65.09M from €48.43M.
"Lower raw material prices aided gross margins of the business. The growth in the industrial coatings JV was led by a good demand in industrial liquid paints and powder coatings segment," reported KBSB Anand, Managing Director & CEO, Asian Paints Limited.
