Kansai Nerolac Q3 net profit jumps 44% to Rs 124 cr

Kansai Nerolac Paints today reported a 44 per cent jump in net profit at Rs 123.96 crore for the third quarter ended December 31.

The company had reported a net profit of Rs 86.08 crore in the year-ago period.

Its total income during the quarter under review stood at Rs 1,143.81 crore, up 6.91 per cent, from Rs 1,069.8 crore in a year ago.

In a separate filing, Kansai Nerolac Paints said its board has approved setting up of a paint manufacturing unit at Achutapuram, Visakhapatnam District in Andhra Pradesh having capacity of 60,000 kl per year, which is expandable in phases, at an estimated cost of Rs 304 crore.