Kansai Nerolac reports 7% fall in Q3 net profit

Kansai Nerolac Paints Ltd. | Paints | Chemicals & Fertilizers | BSE: 500165 | NSE: KANSAINER

23 Jan 2013 Evaluate

Kansai Nerolac Paints has reported results for third quarter ended December 31, 2012.

The company has registered a fall of 7.21% in its net profit at Rs 48.90 crore in Q3FY13 as compared to Rs 52.70 crore in the corresponding quarter previous year. However, the total income from operation of the company has increased by 15.16% to Rs 766.60 crore for the quarter under review as compared to Rs 665.70 crore in the same quarter last year.

Kansai Nerolac Paints is engaged in the industrial, automotive and powder coating business. Kansai Nerolac is the second largest paint manufacturer in India and has a presence in decorative and industrial paints. The company’s brands include Impressions, Beauty, Excel and Surakhsa.

Peers

Company Name	CMP
Asian Paints	2445.00
Berger Paints India	458.25
Kansai Nerolac Paint	180.70
JSW Dulux	3199.80
Indigo Paints	1127.90
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