New Delhi: Kansai Nerolac Paints on Saturday reported a
34.60 per cent increase in standalone net profit at Rs 60.37 crore for
the fourth quarter that ended on March 31, 2015.
The company had reported a net profit of Rs 44.85 crore for the corresponding period a year ago.
Net sales during the quarter stood at Rs 804.9 crore, an increase of 7.71 per cent compared with Rs 747.22 crore in the year-ago period, the company said in a filing to the BSE.
Kansai Nerolac in a separate filing said it will invest Rs 350 crore to set up a new plant in Gujarat.
"The Board of Directors of the company at its meeting has approved setting up of a paint manufacturing unit at Sayakha Industrial Estate in Gujarat having capacity of 42,000 tonnes per year, which is expandable in phases, at an estimated cost of Rs 350 crore," Kansai Nerolac said.
For the year ended March 31, Kansai Nerolac reported a net profit of Rs 271.67 crore as against Rs 206.57 crore in the previous year.
Net sales in the year stood at Rs 3,532.41 crore compared with Rs 3,145.77 crore in the previous year.
The company's board of directors recommended a dividend of Rs 1.40 per share.
The company had reported a net profit of Rs 44.85 crore for the corresponding period a year ago.
Net sales during the quarter stood at Rs 804.9 crore, an increase of 7.71 per cent compared with Rs 747.22 crore in the year-ago period, the company said in a filing to the BSE.
Kansai Nerolac in a separate filing said it will invest Rs 350 crore to set up a new plant in Gujarat.
"The Board of Directors of the company at its meeting has approved setting up of a paint manufacturing unit at Sayakha Industrial Estate in Gujarat having capacity of 42,000 tonnes per year, which is expandable in phases, at an estimated cost of Rs 350 crore," Kansai Nerolac said.
For the year ended March 31, Kansai Nerolac reported a net profit of Rs 271.67 crore as against Rs 206.57 crore in the previous year.
Net sales in the year stood at Rs 3,532.41 crore compared with Rs 3,145.77 crore in the previous year.
The company's board of directors recommended a dividend of Rs 1.40 per share.
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