Asian Paints shares jump 2% after equity worth Rs 7,703 crore changes hands in large block deal

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26 Aug, 2025 12:21

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The shares of Asian Paints jumped nearly 2 percent on June 12 to record the biggest single day jump in a month. This comes after nearly 3.5 crore shares of the company exchanged hands in a large block deal which took place on exchanges.

The shares of the company were trading at Rs 2,251 apiece in the morning.

Around 3.5 crore shares, representing nearly 3.64 percent of the company's total equity stake, changed hands in a large block deal worth approximately Rs 7,703 crore, data showed. The transaction was done at Rs 2,201 per share in the block deal window.

Asian Paints shares have dropped over 4.5 percent in the past one month, and nearly 6 percent in the past six months. The stock has tumbled over 22.5 percent in the past one year. With today's significant rise, the stock has now snapped a two-day losing streak.

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The company had reported a net profit of Rs 692 crore in Q4 FY25, lower than the Street expectations. A Moneycontrol poll of brokerages pegged Asian Paints January-March quarter net profit at Rs 1,069 crore.

The paint-maker reported an exceptional item of Rs 182.96 crore in its consolidated financials for Q4 FY25, which includes a Rs 83.7 crore loss on the divestment of its Indonesian subsidiaries, and impairment losses of Rs 77.8 crore and Rs 21.5 crore on goodwill and intangibles related to the acquisitions of Obgenix Software (White Teak) and Causeway Paints (Sri Lanka), respectively.

Consolidated revenue for the fiscal fourth quarter also fell by 4.3 percent to Rs 8,359 crore, versus the Moneycontrol poll estimate of Rs 8,619 crore.

"The weak demand conditions prevalent for the past few quarters continued to affect the paint industry even in the last quarter of the financial year," said Amit Syngle, Managing Director & CEO.