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Kansai Nerolac Paints Ltd Q1FY24; 383% rise in Profits

Having started its operations in 1920 as Gahagan Paints & Varnish in Mumbai, Kansai Nerolac Paints is principally engaged in the manufacturing of Paints and is a market leader in Industrial coatings.

Financial Results:

  • Kansai Nerolac Paints Ltd reported Revenues for Q1FY24 of ₹2,157.00 Crores up from ₹2,051.00 Crore year on year, a rise of 5.17%.
  • Total Expenses for Q1FY24 of ₹1,879.00 Crores up from ₹1,847.00 Crores year on year, a rise of 1.73%.
  • Consolidated Net Profit of ₹734.00 Crores up 382.89% from ₹152.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹9.13, up 373.06% from ₹1.93 in the same quarter of the previous year.

*It is important to note that the way the results have been accounted for are slightly different than the ones the companies may choose to publish.
*The presented data is automatically generated. It may occasionally generate incorrect information.

Tags: Paints
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