(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