January 22, 2018 / 12:23 PM / a month ago

Asian Paints third-quarter profit rises 19 percent, misses estimate

(Reuters) - Asian Paints Ltd posted a 19 percent increase in third-quarter profit on Monday, missing analysts’ estimates.

Profit rose to 5.55 billion rupees ($86.89 million) in the three months ended Dec. 31, from 4.66 billion rupees a year earlier, Asia's fourth largest paint company said in a statement. bit.ly/2DvZIgj

Analysts on average expected profit at 5.62 billion rupees, Thomson Reuters data showed.

Revenue from operations was down marginally at 42.67 billion rupees.

($1 = 63.8750 Indian rupees)

Reporting by Vishal Sridhar in Bengaluru; Editing by Biju Dwarakanath

0 : 0
  • narrow-browser-and-phone
  • medium-browser-and-portrait-tablet
  • landscape-tablet
  • medium-wide-browser
  • wide-browser-and-larger
  • medium-browser-and-landscape-tablet
  • medium-wide-browser-and-larger
  • above-phone
  • portrait-tablet-and-above
  • above-portrait-tablet
  • landscape-tablet-and-above
  • landscape-tablet-and-medium-wide-browser
  • portrait-tablet-and-below
  • landscape-tablet-and-below