Kansai Nerolac Q2 net profit at Rs 27.91cr

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Kansai Nerolac Q2 net profit at Rs 27.91cr

Kansai Nerolac Paints has announced its second quarter results. The company posted net profit of Rs 27.91 crore in the second quarter versus Rs 30.73 crore in the corresponding period of last year.

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Kansai Nerolac Paints has announced its second quarter results. The company posted net profit of Rs 27.91 crore (Rs 279.1 million) in the second quarter versus Rs 30.73 crore (Rs 307.3 million) in the corresponding period of last year.

Its net sales were up at Rs 317.08 crore (Rs 3.17 billion) from Rs 263.54 crore (Rs 2.63 billion).

According to CNBC-TV18 estimates, the company's net profit was expected to go up 12.6% at Rs 34.5 crore (Rs 345 million) from Rs 30.6 crore (Rs 306 million).

Its net sales were seen going up 16.7% at Rs 307.5 crore (Rs 3.07 billion) from Rs 263.5 crore (Rs 2.63 billion).

The operating profit was seen up 13.5% at Rs 50.7 crore (Rs 507 million) from Rs 44.7 crore (Rs 447 million). Its operating profit margin is expected to be at 16.8% versus 17%.