Thursday, 26 May 2016

Come join us @ Aurangabad on 28 & 29 May 2016. Meet our Executives & know more about Islamic Finance.

Pragmatic wealth management (Islami Tijara) coming to

Aurangabad this weekend-28 & 29 May 2016 @ "Parwaaz", Micro 

& Small Business Summit & Exhibition at Aam Khaas Maidan, 

Aurangabad. Please visit stall no.68 from 10 am to 10 pm, to meet 

our executives and discuss about Islamic Finance.

Contact us for  more information. Also listen our MD, Mr. Imtiaz 

Merchant speak  on Islamic Finance and its benefits, implications

and application in India and otherwise. For more information, 

contact us on 8108178683 or email us at

Wednesday, 11 May 2016

Asian Paints Q4 net up 20% to Rs 409 crore

Asian Paints today reported a 19.87 percent increase in consolidated net profit at Rs 408.75 crore for the March quarter. The company had posted a net profit of Rs 340.97 crore in the corresponding period last year. Its consolidated sales during the fourth quarter rose 12.28 percent to Rs 3,919.23 crore as against Rs 3,490.39 crore in the year-ago period, Asian Paints said in a BSE filing.

"The decorative business segment in India registered double digit volume growth in the fourth quarter. Lower raw material prices aided gross margins... The international business registered good performance in the fourth quarter on the back of growth in key markets of the Middle East and Bangladesh," MD and CEO of Asian Paints K B S Anand said. For the entire fiscal, the firm's consolidated net profit surged to Rs 1,726.21 crore as against Rs 1,395.15 crore in 2014-15. Net sales stood at Rs 15,330.72 crore in 2015-16 compared with Rs 14,005.33 crore in the previous fiscal. 

In a separate filing, Asian Paints said its Board of Directors has approved payment of final dividend of Rs 5.30 per equity share of the face value of Rs 1 each for the financial year ended March 31, 2016.

Asian Paints has informed that the Board of Directors of the Company at its meeting held on May 11, 2016, has approved the payment of final dividend of Rs. 5.30 per equity share of the face value of Re. 1 each for the financial year ended March 31, 2016, subject to the approval of the shareholders at the ensuing 70th AGM.

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