Asian Paints Q2 net at Rs 59cr

Asian Paints today reported a consolidated net profit of Rs 59.16 crore in the second quarter ended September 30, 2005 as against Rs 48.73 crore in the quarter ended September 30, 2004.

According to a release issued by Asian Paints to the BSE today, total income moved up to Rs 779.68 crore in Q2FY05 from Rs 680.51 crore in Q2FY06.

"The board of directors approved an interim dividend of 45% i.e. Rs 4.50 per equity share of Rs 10 each for the year ending March 31, 2006," the release added.

"The previous period figures for the quarter include the financials of subsidiaries Berger Paints (Malta) and Asian Paints (Mauritius), which were divested in May 2004 and March 2005, respectively. The consolidated results for the current period do not include the financials of the above subsidiaries and are not comparable," the release added.