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Kansai Nerolac Paints today reported 19.77% increase in standalone net profit at Rs 72.98 crore for the first quarter ended June 30.
The company had reported net profit of Rs 60.93 crore in the April-June quarter of 2013-14 fiscal.
Net sales during Q1, 2014-15 were at Rs 921.07 crore, an increase of 16.61% as compared to Rs 789.81 crore in the year-ago period, the company said in a BSE filing.
Overall expenses during Q1 stood at Rs 823.17 crore, up 16.63% as against Rs 705.75 crore in the same quarter last year.
Kansai Nerolac scrip were trading at Rs 1666 apiece, up 5.78% from its previous close on the BSE.
