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Asian Paints consolidated net profit up by 34.39 percent in Q1

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Mumbai: Paints company Asian Paints on Tuesday said its consolidated net profit during the the first quarter of 2015-16 increased by a whopping 34.39 percent at Rs.455.18 crore as against Rs.338.70 crore in the same period last year.

“No significant improvement in demand conditions (was) witnessed in the decorative coatings business in India in the (fiscal) quarter. Lower raw material prices aided gross margins of the business,” the company’s managing director and CEO, K.B.S. Anand said in a statement.

Net consolidated revenue during the quarter under consideration stood at Rs.3,626.47 crore – an increase of 7.77 percent, compared to the corresponding timeframe in 2014.

The company’s joint venture with PPG in the automotive coatings segment also saw subdued demand – similar to the decorative coatings segment.

“In the home improvement business category, the kitchen and bath businesses has been impacted by subdued demand conditions,” said Anand.

However, the auto refinish business witnessed decent growth.

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Apple is giving a huge discount on its gadgets: Details inside

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If you want to buy an iPhone and were waiting for a nice offer, then we have a piece of good news for you! Amazon Summer Sale May 2022 has begun and they are offering major discounts on various smartphones, laptops, and smart TVs, among others.

The sale is live now on the e-commerce platform with no-cost EMI options and exchange discounts on various products. In addition to this, Amazon has also partnered with several banks including ICICI, Kotak Bank, and RBL so that customers get instant discounts of up to 10% using their cards and EMI transactions.

Customers can easily enjoy this summer sale and get massive discounts on iPhones. They can also compare prices on Flipkart Big Saving Days Sale 2022 before making a purchase.

 

Amazon Summer Sale May 2022: Discount offer on iPhone 13 

Apple’s coveted phone model iPhone 13 in the 128 GB storage model will be available during the Amazon Summer Sale May 2022 for Rs 64,900. The MRP of the phone is Rs 79,900. This means that the customers will be able to enjoy a discount of up to Rs 15,000 on the purchase of the iPhone 13.

If you have an old iPhone in working condition then you will also be eligible to receive another additional discount worth up to Rs 17,000 on the iPhone 13.

Buy at Rs. 64,900 (MRP – Rs. 79,900)

Features of Apple iPhone 13 

The iPhone is powered by an A15 Bionic processor with 6 core CPU. Apart from this, it has 16 core neural engines. With the iPhone 13, up to 512 GB of storage will be available. The iPhone 13 has a 6.1-inch Retina XDR display with 1000 nits brightness.

The iPhone 13 has a 12-megapixel dual rear camera setup. This time a new wide-angle camera has been given, whose aperture is f/1.6. With this, there is support for sensor optical stabilisation. Night mode has been made better than before. The second lens is also 12 megapixels ultra-wide and has an aperture of f/2.4.

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