Asian Paints shares gain as Q3 net jumps 31 per cent to Rs 335 cr

Asian Paints has reported consolidated net profit of Rs 335.23 crore for the third quarter ended December 31, 2012.

The company had posted net profit of Rs 256.86 crore during the same period last financial year, Asian Paints Ltd said in a filing to the Bombay Stock Exchange.

Net sales in the third quarter stood at Rs 3,037.14 crore. It had reported net sales of Rs 2,558.86 crore during the same period of 2011-12.

Asian Paints said the consolidated results for the quarter were not comparable to the year-ago period due to the restructuring of its business during the period.

Shares of Asian Paints surged 2.42 per cent to Rs 4,400.30 on the Bombay Stock Exchange. Similarly, the scrip jumped 2.92 per cent on the National Stock Exchange to Rs 4,413.05.