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Kansai Nerolac Paints Ltd posts net profit of Rs. 152 crores in Q3 FY2024

Posted On: 2024-02-08 11:05:14 (Time Zone: IST)


Kansai Nerolac Paints Ltd., a major player in the Chemicals / Paints sector, recently released its financial results for the quarter ending December 31, 2023. The company's performance during this period displayed fluctuations in various key financial metrics.

Sales Performance:

Kansai Nerolac Paints reported sales of ?1,919 crore for Q3 FY24, with a slight decrease of approximately 1.94% compared to the previous quarter. However, when compared to the same period last year (Q3 FY23), the company witnessed a marginal increase of approximately 5.05% in sales.

EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization):

The company's EBITDA stood at ?244 crore in Q3 FY24, marking a minor decrease of approximately 10.98% compared to the previous quarter. However, in comparison to Q3 FY23, Kansai Nerolac Paints exhibited an increase in EBITDA by approximately 26.19%.

PAT (Profit After Tax):

Kansai Nerolac Paints' PAT for Q3 FY24 was reported at ?152 crore, showing a slight decrease of approximately 13.71% compared to the previous quarter. However, in comparison to Q3 FY23, the company experienced a notable increase in PAT by approximately 39.17%.

Kansai Nerolac Paints Ltd. encountered fluctuations in its financial performance, with minor variations observed in sales, EBITDA, and PAT. Despite challenges in the Paints / Chemicals sector, the company maintained resilience and showcased growth potential.

Shares of Kansai Nerolac Paints Limited was last trading in BSE at Rs. 333.80 as compared to the previous close of Rs. 343.90. The total number of shares traded during the day was 15288 in over 609 trades.

The stock hit an intraday high of Rs. 347.85 and intraday low of 333.00. The net turnover during the day was Rs. 5149115.00.


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