Akzo Nobel Q2 profit up 5.98% at Rs 35.75 cr

Paints and coatings company Akzo Nobel India today reported a 5.98 per cent increase in net profit at Rs 35.75 crore for the second quarter of this financial year.
The company had posted a net profit of Rs 33.73 crore for the corresponding quarter in the previous fiscal, Akzo Nobel India said in a BSE filing.
Net sales rose to Rs 592.69 crore for the quarter under review, up 4.91 per cent from Rs 564.95 crore in the same period a year ago.
In the first half of the fiscal, company's net profit stood at Rs 90.93 crore as against Rs 68.54 crore in the year-ago period.

Net sales in this period grew to Rs 1,220.62 crore as against Rs 1,126.5 crore in the year-ago period.
Shares of Akzo Nobel India closed at Rs 1,318.60 per scrip, up 2.64 per cent from its previous close on the BSE.