Kansai Nerolac posts 11.3 per cent rise
BY
admin
Kansai Nerolac Paints has recorded 11.3% growth in its net profit for the quarter ended June, the company said in a BSE filing. The company’s net profit during the quarter stood at Rs 140.81 crore.
The company had posted a net profit of Rs 126.50 crore in the year-ago period.
Total income for the period rose to Rs 1,343.93 crore from Rs 1,211.71 crore in the corresponding quarter last year, a growth of 10.9%.
“Company has registered a double digit growth in Decorative and Industrial. The effect of higher input costs is reflected in the profitability. On the cost front, availability and prices of key raw materials remains a challenge,” said HM Bharuka, MD, Kansai Nerolac. “The company has been able to transition to the new GST regime successfully. In the near term the impact of GST on the trade and automotive companies needs to be watched carefully.”
Tags :
ALLIED