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As On 27-Nov-2020 EOD, Market Closed
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  • Asian Paints Q1 PAT declines 67% to Rs 218 cr

    Asian Paints declined 1% to Rs 1,712.5 after the company's consolidated net profit tumbled 67% to Rs 218.45 crore in Q1 June 2020 from Rs 655.44 crore in Q1 June 2019.

    Consolidated revenue from operations stood at Rs 2922.66 crore in Q1 June 2020, falling nearly 43% from Rs 5104.72 posted in the same period last year. The result was announced during market hours today, 24 July 2020.

    Profit before tax stood at Rs 305.76 crore in Q1 June 2020, falling 70% from Rs 1025.24 crore in Q1 June 2019. Total tax expense fell 75% year on year to Rs 86.15 crore in Q1 June 2020.

    Commenting on company's Q1 performance, Amit Syngle, managing director & CEO of Asian Paints said, "After a complete washout in April 2020 due to extended lockdown, the decorative business segment witnessed improving business conditions over the next two months. Thus, while the quarter ended in a negative territory, the business registered a healthy double digit volume growth in the month of June'20 to end the quarter on a promising note. The other business segments in India including the two industrial coatings business and both the segments in the Home Improvement category also witnessed improving trends in June'20, albeit at a lower pace. The International business portfolio did well supported by favourable operating conditions in markets in Middle East and Africa though key markets of Nepal and Bangladesh in Asia were impacted by the pandemic lockdowns. Profitability across businesses was well supported by the softer raw material prices and the various cost control measures."

    Asian Paints is India's leading paint company and ranked among the top ten decorative coatings companies in the world.

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Flash News 27-Nov-2020
  •  ( 15:47) Garware Technical board OKs Rs 73 crore buyback  
  •  ( 13:37) European markets open lower as investors digest vaccine news & China data  
  •  ( 13:36) NSO to release the Jul-Sept quarter GDP data today, Nov. 27  
  •  ( 13:36) National Statistics Office to release the Jul-Sept quarter GDP data today, Nov. 27  
  •  ( 13:35) The Nifty index trades below 13,000 level; strong market breadth  
  •  ( 12:34) Sensex, Nifty flat  
  •  ( 11:59) ABB India unveils M3BP motors for its industrial customers  
  •  ( 11:30) Broader market outpeforms  
  •  ( 11:30) Nifty hovers at 12,950 level  
  •  ( 10:51) Adani Transmission acquires 49% stake of Alipurduar Transmission from KPTL  
  •  ( 10:03) AU Small Finance Bank makes an investment of Rs 7.70 cr in NCPI  
  •  ( 09:32) Strong market breadth  
  •  ( 09:30) USL revokes SPA entered with Sri Balaji Implex to sell arm for Rs 30 cr  
  •  ( 09:25) Market trading near flat line  
  •  ( 08:12) China's industrial profits rise 28.2% year-on-year in October  
  •  ( 08:10) Asian stocks trading mixed  
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27 November 2020 00:00
2217.35
(2.85 %)
602.10
(-1.75 %)
3172.65
(1.36 %)
4903.30
(1.56 %)
8755.20
(-0.70 %)
463.30
(-1.07 %)
2257.55
(0.85 %)
822.20
(-2.39 %)
1440.70
(1.00 %)
2137.20
(-0.74 %)
472.80
(-0.55 %)
857.65
(0.85 %)
1100.55
(-1.18 %)
193.70
(-0.56 %)
1901.65
(0.63 %)
1115.80
(-0.33 %)
720.05
(-1.23 %)
7026.70
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17657.60
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94.20
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78.50
(-2.12 %)
192.50
(-2.63 %)
1929.85
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244.30
(-0.47 %)
511.55
(-0.01 %)
577.85
(1.57 %)
2679.15
(-1.53 %)
876.15
(2.20 %)
1357.85
(2.32 %)
4802.75
(-0.64 %)
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