<p>New Delhi: Shares of Asian Paints Ltd dropped over 4 per cent in morning trade on Thursday after the company reported a 24.64 per cent decline in consolidated net profit in the June quarter.</p>.<p>The stock went lower by 4.24 per cent to Rs 2,848.15 on the BSE.</p>.<p>At the NSE, it dropped 4.45 per cent to Rs 2,842 apiece.</p>.<p>The stock emerged as the biggest laggard among the Sensex pack.</p>.<p>Asian Paints Ltd on Wednesday reported a 24.64 per cent decline in consolidated net profit to Rs 1,186.79 crore in the June quarter, hit by demand slowdown due to severe heatwave and general elections.</p>.Suzuki outlines tech strategy for next 10 yrs for various markets including India .<p>The company had posted a consolidated net profit of Rs 1,574.84 crore in the same period last fiscal year, Asian Paints said in a regulatory filing.</p>.<p>Consolidated revenue from operations in the first quarter of the current fiscal was down at Rs 8,969.73 crore, as compared to Rs 9,182.31 crore in the year-ago period, it added.</p>.<p>Total expenses were higher at Rs 7,559.04 crore, up from 7,305.09 crore in the corresponding period of the last fiscal.</p>.<p>"Demand conditions for the paint industry were tough, impacted by the severe heatwave and general elections in the quarter," Asian Paints Ltd Managing Director & CEO Amit Syngle said. </p>
<p>New Delhi: Shares of Asian Paints Ltd dropped over 4 per cent in morning trade on Thursday after the company reported a 24.64 per cent decline in consolidated net profit in the June quarter.</p>.<p>The stock went lower by 4.24 per cent to Rs 2,848.15 on the BSE.</p>.<p>At the NSE, it dropped 4.45 per cent to Rs 2,842 apiece.</p>.<p>The stock emerged as the biggest laggard among the Sensex pack.</p>.<p>Asian Paints Ltd on Wednesday reported a 24.64 per cent decline in consolidated net profit to Rs 1,186.79 crore in the June quarter, hit by demand slowdown due to severe heatwave and general elections.</p>.Suzuki outlines tech strategy for next 10 yrs for various markets including India .<p>The company had posted a consolidated net profit of Rs 1,574.84 crore in the same period last fiscal year, Asian Paints said in a regulatory filing.</p>.<p>Consolidated revenue from operations in the first quarter of the current fiscal was down at Rs 8,969.73 crore, as compared to Rs 9,182.31 crore in the year-ago period, it added.</p>.<p>Total expenses were higher at Rs 7,559.04 crore, up from 7,305.09 crore in the corresponding period of the last fiscal.</p>.<p>"Demand conditions for the paint industry were tough, impacted by the severe heatwave and general elections in the quarter," Asian Paints Ltd Managing Director & CEO Amit Syngle said. </p>