Asian Paints Q1 net jumps 80% to Rs 10.36 bn; revenue up 55%

28 Jul 2022 CW Team

Asian Paints Ltd has reported an 80.39% increase in its consolidated net profit to Rs 10.36 billion crore for the first quarter ended on June 30, 2022, as the business grew both in volume and value.

The company had posted a net profit of Rs 5.74 billion during the April-June quarter of the previous fiscal, Asian Paints said in a regulatory filing.

Its revenue from operations was up 55 per cent to Rs 85.79 billion during the quarter against Rs 55.35 billion in the corresponding period of the previous fiscal.

Total expenses were at Rs 72.88 billion, up 48.91% in Q1/FY 2022-23 against Rs 48.94 billion in the corresponding period last year.

Commenting on the results, Asian Paints managing director and chief executive Amit Syngle said the domestic decorative business experienced good consumer demand and recorded stellar revenue growth for the quarter.

"The volume growth registered in the quarter is one of the highest in the last six quarters. The business also registered robust four-year compounded growth in volume and value terms," he said.

Asian Paints' international business also delivered double-digit revenue growth for the quarter.

Infrastructure Urban

30 Oct 2025

Infrastructure Opportunity Outlook by IMPACCT.Info

India’s infrastructure pipeline is witnessing dynamic activity across stages — from immediate bidding to future planning. IMPACCT segments these into three categories: Immediate, 3–6 Month, and Future Opportunities, enabling businesses to identify, prepare, and participate in high-value tenders and projects across sectors...To read the full article Click Here..

Serene Communities, Prathima Group Invest Rs 4 billion in Hyderabad

Serene Communities by Columbia Pacific, India’s largest senior living operator, has partnered with Prathima Group to develop two senior living projects in Hyderabad, marking its entry into Telangana. The collaboration represents an investment of Rs 4 billion, combining Serene’s international expertise with Prathima’s local development experience. The first project, Serene BILVANI One, launched in Shankarpally, is Hyderabad’s first premium senior living community. Designed for independent and active ageing, it features senior-friendly architecture, barrier-free design, and wellness..

India remains our most important market

Foundamental, the world’s leading venture capital platform focused on the project economy, has launched its third fund to strengthen its presence in India, APAC, and other global markets. Led by Berlin-based Managing Partners Shubhankar Bhattacharya and Patric Hellermann, Fund III aims for a final close by the end of 2025. In an exclusive interaction with CW, Bhattacharya shares insights on the fund’s mandate, India’s role in their strategy, and the opportunities they see in the construction-tech and project-based sectors. Can you briefly explain Fund III’s mandate and how In..