Kansai Nerolac Paints Q1 results: Profit at Rs 111.38 cr

03 Aug 2021 CW Team

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

Infrastructure Urban

26 Aug 2025

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..