Asian Paints makes it double

Asian Paints September 2009 Results For the Quarter ended September 30, 2009 Consolidated Net Sales and Operating Income has risen by 16.8% to Rs. 1,723.9 crores from Rs. 1,475.9 crores. Consolidated Net Profit has increased by 104.1% to Rs. 268.4 crores from Rs. 131.5 crores. Standalone Net Sales has increased by 18.6% to Rs. 1,386.5 crores from Rs. 1,168.9 crores. Standalone Net Pofit has increased by 109% to Rs. 254.3 crores from Rs. 121.7 crores. For the Half Year ended September 30, 2009 Consolidated Net Sales and Operating Income hased increased by 17.1% to Rs. 3,184.2 crores from Rs. 2,718.6 crores. Consolidated Net Profit after Minority Interest has increased by 87% to Rs. 444.5 crores from Rs. 237.7 crores . Standalone Net Sales increased by 17.8% to Rs. 2,551.3 crores from Rs. 2,164.9 crores. Standalone Net Pofit has increased by 90.6% to Rs. 418.8 crores from Rs. 219.7 crores. The Board of Directors recommended the payment of an interim dividend of Rs. 8.50 per share (85%). The company distributed an interim dividend of 65% for H1-FY2009. Total Dividend of 175% was distributed in FY2009. The dividend payout ratio was 54.19% in FY2009.