Profit Falls On Back Of Exceptional Loss; Shares Hit Nearly Three-Month Low
Asian Paints Ltd.’s profit falls 5% to Rs 1,060 crore in the third quarter of this financial year due to one-time exceptional loss of Rs 158 crore, the company said in an exchange filing on Tuesday. The exceptional loss incudes one-time expense of Rs 63.74 crore towards increasing gratuity liability and liability towards compensated absences…