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."