Asian Paints Q1 FY22 profit doubles to Rs 574.30 crore

21 Jul 2021 CW Team

Indian paints major Asian Paints recorded a twofold increase in consolidated revenue to Rs 574.30 crore in Q1 FY22.

The previous fiscal during April-June, the firm reported a profit of Rs 219.61 crore. Its profit from operations throughout April-June 2021 increased 91.1% to Rs 5,585.36 crore, compared to Rs 2,922.66 crore in the same period last year.

Amit Syngle, CEO, Asian Paints, said that the domestic decorative business increased its volume immensely and provided great profit over the previous year, which underwent the first nationwide lockdown.

Moreover, Syngle informed the media that the business recorded substantial compounded average extensions in volume and value, compared to the Q1 FY20.

Asian paints is involved in the business of production, selling, paints and providing items related to home decor, bath fittings, .

Currently, shares of Asian Paints Ltd were selling 6.04% higher at Rs 3,159.20 each on BSE.

Also read: Asian Granito on a strong growth momentum for FY22

Infrastructure Urban

13 Jun 2025

Reliance, Diehl Advance Pact for Precision-Guided Munitions

Diehl Defence CEO Helmut Rauch and Reliance Group鈥檚 Founder Chairman Anil D. Ambani have held discussions to advance their ongoing strategic partnership focused on Guided and Terminally Guided Munitions (TGM), under a cooperation agreement originally signed in 2019.This collaboration underscores Diehl Defence鈥檚 long-term commitment to the Indian market and its support for the Indian Government鈥檚 Make in India initiative. The partnership鈥檚 current emphasis is on the urgent supply of the Vulcano 155mm Precision Guided Munition system to the Indian Armed Forces.Simultaneously, the 鈥淰ulc..

Infrastructure Urban

13 Jun 2025

Modis Navnirman to Migrate to Main Board, Merge Subsidiary

Modis Navnirman Limited has announced that its Board of Directors has approved a key strategic initiative involving migration from the BSE SME platform to the Main Board of both BSE and NSE, alongside a merger with its wholly owned subsidiary, Shree Modis Navnirman Private Limited.The move to the main boards marks a major milestone in the company鈥檚 growth trajectory, reflecting its consistent financial performance, robust corporate governance, and long-term commitment to value creation. This transition will grant the company access to a broader investor base, improve market participation, en..

Infrastructure Urban

13 Jun 2025

Global Capital Flows Remain Subdued, EMEA Leads in Q1 2025

The Bharat InvITs Association鈥檚 industry update for Q1 2025 shows subdued global capital flows, with investment volumes remaining at the lower end of the five-year range despite a late 2024 recovery. According to data from Colliers and MSCI Real Capital Analytics, activity in North America declined slightly, while EMEA maintained steady levels and emerged as the top region for investment in standing assets.The EMEA region now hosts seven of the top ten cross-border capital destinations for standing assets, pushing the United States鈥� share of global activity below 15 per cent. Meanwhile, in..