The stock slipped 9% to Rs 378, also its 52-week low, after the company posted 15.6% YoY declined in net profit at Rs 1.22 billion in September quarter, due to higher operational costs.
Automotive growth, launches to help maintain volume
Total income during the October-December quarter stood at Rs 11.64 billion
The company had reported a net profit of Rs 86.08 crore in the year-ago period
Total consideration is Rs 538 cr
Kansai Paint have purchased 10.91 million equity shares or 2.02% stake in KNPL via open market on February 25, 2016,