Kansai Nerolac Paints Q2 net up 41% at Rs 72.66 crore

Kansai Nerolac Paints today reported 40.62% increase in standalone net profit at Rs 72.66 crore for the second quarter ended September 30.

The company had reported net profit of Rs 51.67 crore in the July-September quarter of 2013-14 fiscal.

Net sales during Q2, 2014-15 were at Rs 915.18 crore, an increase of 17.18% as compared to Rs 780.96 crore in the year-ago period, the company said in a BSE filing.

Overall expenses during Q2 stood at Rs 820.19 crore, up 14.52% as against Rs 716.15 crore in the same quarter last year.

During the half year period ended September 30, 2014, Kansai Nerolac reported net profit of Rs 145.64 crore as against net profit of Rs 112.60 crore in the same period a year ago.

Net sales during the half year period ended September 30, 2014 stood at Rs 1,836.25 crore compared with Rs 1,570.77 crore in the corresponding period last year.

Kansai Nerolac scrip closed at Rs 1872.70 apiece at the end of day's trade, down 0.40% from its previous close on the BSE.