Kansai Nerolac Q1 net up 20% at Rs 72.98 crore

Company had reported net profit of Rs 60.93 crore in the April-June quarter of 2013-14 fiscal

<a href = "http://www.shutterstock.com/pic-107807486/stock-photo-image-showing-folded-indian-notes-of-rs.html?src=p5N32CFr8-mqwY5wKad6IA-1-21" target="_blank"> Rupees image </a> via Shutterstock.com
Press Trust of India New Delhi
Last Updated : Jul 22 2014 | 2:21 PM IST
Kansai Nerolac Paints today reported 19.77% increase in standalone net profit at Rs 72.98 crore for the first quarter ended June 30.

The company had reported net profit of Rs 60.93 crore in the April-June quarter of 2013-14 fiscal.

Net sales during Q1, 2014-15 were at Rs 921.07 crore, an increase of 16.61% as compared to Rs 789.81 crore in the year-ago period, the company said in a BSE filing.

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Overall expenses during Q1 stood at Rs 823.17 crore, up 16.63% as against Rs 705.75 crore in the same quarter last year.

Kansai Nerolac scrip were trading at Rs 1666 apiece, up 5.78% from its previous close on the BSE.
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First Published: Jul 22 2014 | 2:02 PM IST

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