Date:20/01/2005 URL: http://www.thehindubusinessline.com/2005/01/20/stories/2005012002490201.htm

Back Goodlass Nerolac Q3 net rises 67 pc to Rs 28.33 cr

Our Bureau

MUMBAI: Goodlass Nerolac Paints Ltd has reported a 67 per cent increase in its third quarter net profit at Rs 28.33 crore.

Gross sales for the quarter stood at Rs 306.07 crore.

``Our focus this quarter has been more on the profit mix and we have been able to absorb the inflation in raw material prices through reduction in overheads and operating efficiencies,'' the company said quoting Mr H.M. Bharuka, Managing Director.For the nine-month period, net profit increased to Rs 73.07 crore (Rs 44.65 crore) on gross sales of Rs 674.62 crore (Rs 578.94 crore).