Asian Paints Ltd has announced the Audited results for the quarter & year ended March 31, 2007. The results for the Quarter ended March 31, 2007: The Company has posted a net profit after prior period items of Rs 711.56 million for the quarter ended March 31, 2007 as compared to Rs 202.85 million for the quarter ended March 31, 2006. Total Income (net of discounts & excise) has increased from Rs 5789.37 million for the quarter ended March 31, 2006 to Rs 7402.65 million for the quarter ended March 31, 2007.
The results for the Year ended March 31, 2007: The Company has posted a net profit after prior period items of Rs 2720.48 million for the year ended March 31, 2007 as compared to Rs 1867.80 million for the year ended March 31, 2006. Total Income (net of discounts & excise) has increased from Rs 23550.81 million for the year ended March 31, 2006 to Rs 28617.44 million for the year ended March 31, 2007.
The Unaudited consolidated results for the Quarter ended March 31, 2007: The Group has posted a net profit attributable to shareholders of Rs 666.07 million for the quarter ended March 31, 2007 as compared to Rs 465.77 million for the quarter ended March 31, 2006. Total Income (net of discounts & excise) has increased from Rs 7767.39 million for the quarter ended March 31, 2006 to Rs 9725.57 million for the quarter ended March 31, 2007.
The Audited consolidated results for the Year ended March 31, 2007: The Group has posted a net profit attributable to shareholders of Rs 2810.30 million for the year ended March 31, 2007 as compared to Rs 2121.48 million for the year ended March 31, 2006. Total Income (net of discounts & excise) has increased from Rs 30530.60 million for the year ended March 31, 2006 to Rs 37072.24 million for the year ended March 31, 2007.
The Board of Directors of the Company at its meeting held on May 10, 2007, inter alia, has recommended the payment of final dividend of Re 1.00 per equity share of Rs 10/- each (10%) for the financial year ended March 31, 20O7. Together with the first interim dividend of Rs 5.50 per equity share (55%) approved by the Board on October 30, 2006 and the second interim dividend of Rs 6.50 per equity share (65%) on March 13, 2007, the total dividend aggregates to 130% for the financial year ended March 31, 2007.