Kansai Nerolac Q4 net down 63% at Rs 45 cr

Kansai Nerolac Paints today reported 63.4 per cent decline in standalone net profit at Rs 44.9 crore for the fourth quarter ended March 31, 2013-14.

The company had reported net profit of Rs 122.7 crore in the January-March quarter of 2012-13 fiscal mainly on account of exceptional income of Rs 114 crore.

Net sales during Q4, 2013-14 were at Rs 743.7 crore, an increase of 10.06 per cent as compared to Rs 675.7 crore in the year-ago period, the company said in a BSE filing.

Overall expenses during Q4 stood at Rs 681.8 crore, up 9.71 per cent as against Rs 621.4 crore in the same quarter last year.

Kansai Nerolac scrip closed at Rs 1,274, up 7.76 per cent, on the BSE.

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