Asian Paints reports 14% rise in Q4 consolidated net profit

Asian Paints has reported results for fourth quarter and year ended March 31, 2014 The company has reported 10.30% fall in its net profit after tax of Rs 239.56 crore for the quarter ended March 31, 2014 as compared to Rs 267.07 crore for the same quarter in the previous year. However, total income of the company increased by 21.53% at Rs 2763.07 crore for quarter under review as compared to Rs 2273.55 crore for the quarter ended March 31, 2013. On consolidated basis, the company has reported 14.46% rise in its net profit after taxes & Minority interest at Rs 287.42 crore for the quarter ended March 31, 2014 as compared to Rs 251.11 crore for the same quarter in the previous year. Total income of the company has increased by 21.47% at Rs 3338.19 crore for quarter under review as compared to Rs 2748.20 crore for the quarter ended March 31, 2013. For the year ended March 31, 2014, the company has posted a fall of 10.18% in its net profit after taxes at Rs 1050.00 crore as compared to 1169.06 Rs crore for the same period in the previous year.  However, total income of company improved by 16.58% at Rs 10592.44 crore for year under review as compared to Rs 9086.19 crore for the period ended March 31, 2013. For the year ended March 31, 2014, on the consolidated basis, the company has posted a rise of 9.42% in its net profit after taxes & Minority interest at Rs 1218.81 crore as compared to Rs 1113.88 crore for the same period in the previous year. Total income of company has increased by 16.25% at Rs 12849.03 crore for year under review as compared to Rs 11053.09 crore in the previous fiscal.