Asian Paints Ltd. saw demand rise as India eased lockdown curbs, while lower costs aided its margin in the second quarter.
- Net profit rose 1% year-on-year to Rs 831.
- Revenue increased 6% to Rs 5,350 crore.
- Operating margin expanded from 18.9% to 23.7%.
Find out what aided the paintmaker’s financial results in the September quarter.
Bajaj Auto Ltd.’s profit fell in the first full quarter of operations after India eased lockdown curbs as sales remained under pressure.
- Net profit fell 19% year-on-year to Rs 1,138 crore.
- Revenue fell 7% over the year ago to Rs 7,156 crore.
- Operating margin, however, rose to 17.7% from 16.6% a year ago.
Yet, the company is witnessing a demand revival outside India.
