Asian Paints today reported 39.52% increase in its consolidated net profit for the quarter ended March 31, 2012, at Rs 259.5 crore.
The company had posted a net profit of Rs 186 crore in the corresponding period last year, Asian Paints said in a filing to the BSE.
The consolidated sales and operating income during the fourth quarter also went up by 29.26% to Rs 2,546 crore from Rs 1,969.7 crore in the year-ago period, it added.
The board of directors has recommended payment of final dividend of Rs 30.50 per equity share of the face value of Rs 10 each for the financial year ended March 31, 2012.
For the entire 2011-12 financial year, the company's consolidated net profit rose by 17.26% to Rs 988.7 crore from Rs 843.2 crore in the previous fiscal.
The consolidated sales and operating income in FY'12 increased by 24.73% to Rs 9,632.2 crore from Rs 7,722.3 crore in FY'11.
The shares of Asian Paints today closed 0.51% higher at Rs 3,652.80 apiece on the BSE.
