Categories AlphaGraphs, Earnings

Kansai Nerolac Paints Ltd Q2FY24; 58% 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 Q2FY24 of ₹1,957.00 Crores up from ₹1,931.00 Crore year on year, a rise of 1.35%.
  • Total Expenses for Q2FY24 of ₹1,738.00 Crores down from ₹1,783.00 Crores year on year, a fall of 2.52%.
  • Consolidated Net Profit of ₹175.00 Crores up 57.66% from ₹111.00 Crores in the same quarter of the previous year.
  • The Earnings per Share is ₹2.19, up 56.43% from ₹1.40 in the same quarter of the previous year.

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