The company announced the results after market hours on Wednesday, 11 May 2011.
Meanwhile, the BSE Sensex was down 91.55 points, or 0.49%, to 18,493.41.
On BSE, 1,557 shares were traded in the counter as against average daily volume of 2,434 shares over the past two weeks.
The stock hit a high of Rs 865 and a low of Rs 840 so far during the day.
Akzo Nobel India's net profit rose 10.9% to Rs 176.65 crore on 15.9% rise in net sales to Rs 1087.59 crore in the year ended March 2011 over the year ended March 2010.
Akzo Nobel India's board recommended a dividend of Rs 18 per share for the year ended March 2011.
Commenting on the results, Amit Jain, managing director of the company said the profits for the year ended March 2011 (FY 2011) grew by 11%, despite substantial reduction in investment income, due to operating income growth and some one-off gains. During FY 2011, the company earned Rs 11.28 crore on profit on sale of national starch business.