The  after minority interest jumped 17.7 per cent to Rs 655 crore year-on-year (YoY) for the quarter ended June 30, 2019, compared with Rs 556.85 crore in the same quarter last year, Asian Paints said on Wednesday.
Profit before depreciation, interest, tax and other income (PBDIT) jumped 24.4 per cent to Rs 1,156.25 crore from Rs 929.70 crore a year ago, in a BSE filing, the company said. Whereas, revenue from operations jumped 16.6 per cent from Rs 4,398.59 crore to Rs 5130.63 crores.
“The decorative business segment in India registered a high double-digit volume growth and delivered strong performance across regions. The Automotive coatings JV (PPG-AP) business was affected by the severe slowdown being witnessed in the automobile industry. Even the Industrial Coatings JV (AP-PPG) business was impacted by demand slowdown. Benign raw material prices, however, supported the margins for the entire coatings business,” said Managing Director & CEO KBS Anand.
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