Asian Paints Q3 consolidated net at Rs 62cr

Asian Paints today reported a consolidated net profit of Rs 62.63 crore for the third quarter ended December 31, 2005 when compared with Rs 56.03 crore in Q3FY05.

According to a release issued by the company to the BSE today, total income increased to Rs 826.16 crore in Q3FY06 from Rs 748.37 crore in Q3FY05.

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

The company, on a stand-alone basis, has posted a net profit of Rs 60.96 crore in Q3FY06 as against Rs 50.11 crore in Q3FY05. Total income increased to Rs 648.91 crore in Q3FY06 from Rs 588.52 crore in Q3FY05, the release added.