Asian Paints on Tuesday reported a lower-than-expected consolidated net profit at Rs 850.42 crore for the March 2022 quarter on account of a one-time loss witnessed in Sri Lanka business. The profit is lower due to an exceptional loss of Rs 115.70 crore towards Sri Lanka business and expected delay in receivable subsidy from the government. The revenue from sales for the period came in at Rs 7,892.70 crore, up 18 per cent from Rs 6,651 crore that it had reported in the corresponding quarter last year.
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