"Our investment income for the quarter has been impacted by the timing of maturities of FMPs; however, the underlying performance of our portfolio continues to be robust," Jain said.
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Commenting on the results, Akzo Nobel India Managing Director Amit Jain said: "The muted revenue growth reflects the softening demand in the coatings and chemicals industry, across most of our business segments."
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"Our investment income for the quarter has been impacted by the timing of maturities of FMPs; however, the underlying performance of our portfolio continues to be robust," Jain said.