Finance

Asian Paints Reports Lower Than Expected Q4 Results, Profit 22.9% Below Estimates

PAT of Rs 6,921 mn was lower by 44.9% on a YoY basis and 37.7% QoQ majorly due to exceptional items of Rs 1,829.6 mn towards its divestment in Indonesian subsidiaries and impairment loss on goodwill, and a higher ETR.