Asian Paints has released its second quarter results. The company's profit, income, EBITDA and margin have all seen a decline compared to last year. Profit has fallen by 44 percent compared to last year. At the same time, income has declined by 5 percent on a year-on-year basis. EBITDA has fallen by 28 percent. At the same time, margins have also seen a sharp decline. The company's results have also been weaker than market estimates. Profit, income, EBITDA and margin have all been lower than the estimates found in CNBC TV18's poll.

Dividend announced

Along with the quarterly results, the company has also announced dividend for its shareholders. The company has announced an interim dividend of Rs 4.25 per share for the financial year 2024-25. The company has fixed the record date of 19 November 2024 for payment of interim dividend. Dividend will be paid to the shareholders on or after 28 November 2024. In Friday's trading, the stock of Asian Paints closed at 2769 with a decline of 2.61 percent. How were the quarterly results According to the information given by the company to the stock market, the quarterly profit of the company has come down from Rs 1232.4 crore to Rs 694 crore as compared to last year. That is, the profit has fallen by 43.7 percent. In the poll of CNBC TV 18, a profit of Rs 1091 crore was estimated. The company's income has come down from Rs 8478.6 crore to Rs 8027.5 crore. There has been a decline of 5.32 percent on a year-on-year basis. The estimate for income was Rs 8538 crore. EBITDA is at Rs 1239.5 crore which was Rs 1716 crore a year ago. That is, there has been a decline of 27.8 percent in it. The market had estimated an income of Rs 1561 crore. EBITDA margin has come down from 20.2 percent to 15.4 percent. The estimate was 18.3 percent.