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Asian Paints' quarterly profit falls

Asian Paints Ltd. booked 4.93 billion Indian rupees of consolidated profit attributable to shareholders in the quarter that ended Sept. 30, down from 5.76 billion rupees in the year-ago period.

The company's total income jumped to 47.02 billion rupees during the quarter from 43.28 billion rupees in the previous year. Paints contributed 45.37 billion rupees in revenue, while home improvement brought in 1.02 billion rupees.

Materials costs rose year over year to 26.10 billion rupees in the quarter from 20.04 billion rupees.

As of Nov. 12, US$1 was equivalent to 72.99 Indian rupees.