Kansai Nerolac Paints on Monday reported a net profit of Rs 144.69 crore for the first quarter ended June 30.
It had posted a net profit of Rs 138.58 crore in the June quarter a year ago, Kansai Nerolac said in a BSE filing.
Its total income was Rs 1,549.18 crore during the quarter. It was Rs 1,423.73 crore of the corresponding quarter last year.
According to the company, "due to certain acquisitions made by the parent company in the current quarter and the previous year, current figures are not comparable."
Kansai Nerolac Paints Vice-Chairman and Managing Director H M Bharuka said, "Decorative segment has seen good double-digit volume and value growth. This has helped offset the huge effect of the unprecedented slowdown in the automotive segment where the company has a significant exposure."
Kansai Nerolac's total expenses was at Rs 1,326.26 crore as against Rs 1,209.93 crore, up 9.61 per cent.
Shares of Kansai Nerolac Paints Ltd on Monday settled at Rs 431.65 on the BSE, up 6.86 per cent.
Disclaimer: No Business Standard Journalist was involved in creation of this content
