Asian Paints Q3 net profit at Rs 335 cr

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SummaryNet sales in Q3 stood at Rs 3,037.14 crore, 2012.

Asian Paints on Monday reported consolidated net profit of Rs 335.23 crore for the third quarter ended December 31, 2012.

The company had posted net profit of Rs 256.86 crore during the same period of previous fiscal, Asian Paints Ltd said in a filing to the BSE.

Net sales in Q3 stood at Rs 3,037.14 crore, 2012. It had reported net sales of Rs 2,558.86 crore during the same period of 2011-12 fiscal.

Asian paints said the consolidated results for the quarter were not comparable to the year-ago period due to the restructuring of its business during the period.

Asian Paints scrip closed at Rs 4,296.15 on the BSE, down 0.32 per cent from its previous close.

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