Asian Paints Falls Most In Nearly Two Years After Profit Misses Estimates In Q2
Shares of the country's largest paint maker fell as much as 6.11 percent, the most since November 2.16, to Rs 1,128 after its profit missed Bloomberg consensus earnings estimates in September quarter on higher raw material cost.
Key earnings highlights:
Revenue up 8.8 percent at Rs 4639 crore.
Ebitda down 2.1 percent at Rs 784 crore.
Margin at 16.9 percent versus 18.8 percent.
Net profit down 14.4 percent at Rs 493 crore.
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