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Revenue from operations rose 9.72% to Rs 951.4 crore in Q4 FY23 as compared with Rs 867.1 crore in Q4 FY22.
Profit before tax jumped 30.64% year on year to Rs 132.6 crore in Q4 FY23.
Total expenses rose 6.76% to Rs 824.9 crore in Q4 FY23 as compared with Rs 772.7 crore in Q4 FY22. Cost of material consumed stood at Rs 490 crore (down 2.25% YoY), employee benefit expense was at Rs 73.1 crore (down 0.54% YoY) during period under review.
On full year basis, the company's consolidated net profit jumped 15.51% to Rs 335.1 crore on 20.76% rise in net sales to Rs 3,802.1 crore in FY23 over FY22.
Meanwhile, the board has recommended a final dividend of Rs 40 per equity share for FY23. The record date is fixed as on Thursday, 27 July 2023. The dividend will be paid on or after 24 August 2023.
Akzo Nobel India is a leading paints and coatings company and maker of Dulux Paints.
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