On a comparable basis, its revenue from operations, during the quarter, was at Rs 704.49 crore, growing by about three per cent from Rs 685.83 crore in the corresponding quarter of the previous year.
Of the total revenue from operations, the coatings segment contributed Rs 660.8 crore in the year-ago period.
"Headwinds due to high raw materials costs have impacted the business during the quarter. Though sales returned to growth during the quarter, the pick-up has been slower than anticipated," said company's Managing Director Jayakumar Krishnaswamy.
The paint maker also said its total expenses during the quarter were at Rs 656.80 crore, as against Rs 704.47 crore in the year-ago quarter.
(This story has not been edited by Social News XYZ staff and is auto-generated from a syndicated feed.)
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Doraiah Chowdary Vundavally is a Software engineer at VTech . He is the news editor of SocialNews.XYZ and Freelance writer-contributes Telugu and English Columns on Films, Politics, and Gossips. He is the primary contributor for South Cinema Section of SocialNews.XYZ. His mission is to help to develop SocialNews.XYZ into a News website that has no bias or judgement towards any.