Asian Paints reported a 39.52 per cent increase in its consolidated net profit for the quarter ended March 31, 2012, at Rs.259.5 crore against Rs.186 crore in the corresponding period in the previous year, the company said in a filing to the BSE.

The consolidated sales and operating income during the fourth quarter also went up by 29.26 per cent to Rs.2,546 crore from Rs.1,969.7 crore, it added.

The board of directors has recommended payment of final dividend of Rs.30.50 per share of the face value of Rs.10 each for the year ended March 31, 2012. For the whole of 2011-12, consolidated net profit rose by 17.26 per cent to Rs.988.7 crore from Rs.843.2 crore in the previous fiscal. The consolidated sales and operating income increased by 24.73 per cent to Rs.9,632.2 crore from Rs.7,722.3 crore.

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