Kansai Nerolac Paints’ net profit has surged by 26.66% to Rs 52.6 crore for the third quarter ended December 31, 2011, over the same period previous fiscal. The company had posted a net profit of Rs 41.5 crore in the corresponding period of previous fiscal.
The company’s net sales has increased to Rs 665.5 crore for the third quarter ended December 31, 2011, compared to Rs 560.1 crore for the same period previous fiscal, up by 18.75%. For the nine months ended December 31, 2011, the company posted a net profit of Rs 171 crore, compared to Rs 147.1 crore in the same period previous financial year.
Kansai Nerolac Paints is engaged in the industrial, automotive and powder coating business. The company’s brands include Impressions, Beauty, Excel and Surakhsa.
