Asia Paints Q3 PAT up 21.23%

Asian Paints today reported 21.23 per cent increase in profit after tax for the third quarter.

Asian Paints today reported 21.23 per cent increase in profit after tax for the third quarter ended December 31,2011,at Rs 250.48 crore compared with the same period last fiscal.

The company had posted profit after tax (PAT) of Rs 206.6 crore in the third quarter last fiscal,Asian Paints said in a filing to the BSE.

Net sales of the company during the third quarter this fiscal stood at Rs 2,109.52 crore,up 20.25 per cent from Rs 1,754.22 crore in the same period previous fiscal,it said.

During the period under review,the company’s expenses on raw materials and packing materials increased to Rs 1,148.41 crore from Rs 853.4 crore in the year-ago period,it said.

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