Kansai Nerolac Paints Q1 results: Profit at Rs 111.38 cr
Paint

Kansai Nerolac Paints Q1 results: Profit at Rs 111.38 cr

Kansai Nerolac Paints Limited announced on Friday that its consolidated net profit for the first quarter ended June 2021 increased by more than threefold to Rs 111.38 crore.

Kansai Nerolac said in a BSE filing that the company made a net profit of Rs 29.64 crore in the April-June quarter last year.

Its total revenue from operations increased by more than two fold to Rs 1,397.20 crore in the current quarter, compared to Rs 631.37 crore in the previous year's corresponding three months.

H M Bharuka, Vice Chairman and Managing Director of Kansai Nerolac Paints told the media that the quarter got off to a fantastic start. With the announcement of the lockdown in several states at the end of April, demand in both Decorative and Industrial was impacted once more in April and May.

Once the restrictions were lifted in June, there was a surge in decorative demand. The demand for industrial goods has remained stifled.

Kansai Nerolac's total expenses were Rs 1,260.62 crore, up 108.18 % from Rs 605.53 crore in Q1 of FY 2021-22.

According to the company, raw material prices have continued to harden in recent quarters, resulting in extremely high inflation and supply constraints.

Kansai Nerolac told the media that the forex markets remained tumultuous. In Decorative, the company has raised prices in part. In the industrial sector, the company has raised prices and is continuing to do so to offset the impact of inflation. The company concentrated on selling a better product mix while maintaining an aggressive cost-cutting programme and prudent overhead management.

The drop in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) has been contained as a result of these actions.

Kansai Nerolac Paints Limited stock closed at Rs 626.10 on the BSE on Friday, up 1.11 % from the previous close.

Image Source

Kansai Nerolac Paints Limited announced on Friday that its consolidated net profit for the first quarter ended June 2021 increased by more than threefold to Rs 111.38 crore. Kansai Nerolac said in a BSE filing that the company made a net profit of Rs 29.64 crore in the April-June quarter last year. Its total revenue from operations increased by more than two fold to Rs 1,397.20 crore in the current quarter, compared to Rs 631.37 crore in the previous year's corresponding three months. H M Bharuka, Vice Chairman and Managing Director of Kansai Nerolac Paints told the media that the quarter got off to a fantastic start. With the announcement of the lockdown in several states at the end of April, demand in both Decorative and Industrial was impacted once more in April and May. Once the restrictions were lifted in June, there was a surge in decorative demand. The demand for industrial goods has remained stifled. Kansai Nerolac's total expenses were Rs 1,260.62 crore, up 108.18 % from Rs 605.53 crore in Q1 of FY 2021-22. According to the company, raw material prices have continued to harden in recent quarters, resulting in extremely high inflation and supply constraints. Kansai Nerolac told the media that the forex markets remained tumultuous. In Decorative, the company has raised prices in part. In the industrial sector, the company has raised prices and is continuing to do so to offset the impact of inflation. The company concentrated on selling a better product mix while maintaining an aggressive cost-cutting programme and prudent overhead management. The drop in Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) has been contained as a result of these actions. Kansai Nerolac Paints Limited stock closed at Rs 626.10 on the BSE on Friday, up 1.11 % from the previous close. Image Source

Next Story
Infrastructure Urban

India To Invest $37 Billion To Boost Petrochemical Capacity

India is set to become a major global player in the petrochemicals industry, driven by a planned capital expenditure of $37 billion (Rs 3.1 trillion) aimed at reducing import dependency and enhancing self-sufficiency, according to S&P Global Ratings.In its latest report titled “First China, Now India: Self-Sufficiency Goals Will Add To Petrochemicals Supply”, S&P said India’s large-scale capacity expansion—mirroring China’s earlier push—will likely intensify oversupply pressures in Asia’s petrochemical markets.Currently the world’s third-largest petrochemical consumer a..

Next Story
Infrastructure Transport

Indian Railways Expands Global Exports Of Rail Equipment

Indian Railways has announced that it is rapidly emerging as a global exporter of railway equipment, including bogies, coaches, locomotives, and propulsion systems, under the government’s ‘Make in India, Make for the World’ initiative.According to an official statement, India’s railway products are now reaching over 16 international markets, reflecting the country’s growing capacity to design, develop, and deliver world-class rail solutions.Metro coaches have been exported to Australia and Canada; bogies to the United Kingdom, Saudi Arabia, France, and Australia; propulsion systems t..

Next Story
Infrastructure Transport

RailTel Awards Rs 163 Million Contract To RTNS Technology

RailTel Corporation of India Limited (RailTel), a Mini Ratna Public Sector Undertaking, has awarded a domestic work order worth Rs 163 million to RTNS Technology Private Limited.The contract, issued on 30 September 2025, involves the supply and installation of equipment and related services for one of RailTel’s key customers. The project underscores RailTel’s commitment to advancing technology and communication infrastructure through collaboration with domestic system integrators.RTNS Technology Private Limited, an ISO-certified system integrator, provides comprehensive solutions for perim..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?