May 10, 2018 / 10:36 AM / 2 months ago

Asian Paints fourth-quarter profit rises four percent

(Reuters) - Asian Paints Ltd reported a 4.1 percent rise in net profit for the March quarter, but missed average analysts’ estimates.

Net profit rose to 4.81 billion rupees ($71.52 million) in the three months ended March 31, from 4.62 billion rupees a year earlier, the company said on Thursday.

Analysts on average expected the Mumbai-based company to post a profit of 5.43 billion rupees, according to Thomson Reuters data.

Revenue from operations gained 2.7 percent.

($1 = 67.2550 Indian rupees)

Reporting by Tanvi Mehta in Bengaluru; Editing by Sunil Nair

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