Asian Paints, India's largest paint company, has posted a net profit of Rs 131.5 crore for the quarter ended September 30, 2008, 15.5 per cent up from the Rs 113.9 crore posted during the corresponding period, previous year.

While, sales and operating Income for the quarter rose 30.2 per cent to touch Rs 1,475.3 crore from Rs 1,133.2 crore.

In a separate release, the board of directors has recommended the payment of an interim dividend of Rs 6.50 per share (65 per cent). 

Asian Paints along with its subsidiaries has operations in 20 countries across the world.