Paints and coatings maker AkzoNobel India Ltd on Friday reported a 34.01 per cent increase in consolidated net profit to Rs 49.25 crore for the second quarter ended September 30.
The company had posted a net profit of Rs 36.75 crore in the July-September quarter a year ago, AkzoNobel India said in a filing to the BSE.
However, its total income from operations was down 11.27 per cent to Rs 640.50 crore during the September 2019 quarter, against Rs 721.88 crore in the corresponding quarter of the previous financial year.
AkzoNobel India Managing Director Rajiv Rajgopal said, "As we restructure our product portfolio and take actions to improve our mix, we have seen a continued positive impact on our gross margins and profitability."
Disclaimer: No Business Standard Journalist was involved in creation of this content
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app