Categories Earnings, Other Industries

Kansai Nerolac Paints Q4FY23 Earnings Story

Kansai Nerolac Paints, which began operations as Gahagan Paints & Varnish in Mumbai in 1920, specialises in the production of paints and is a global leader in industrial coatings.

The business is a subsidiary of the Japanese corporation Kansai Paints Co. Ltd., from whom it receives ongoing assistance and direction for raising quality standards and acquiring cutting-edge technologies.

Financial Results:

  • Kansai Nerolac Paints Limited reported Total Income for Q4FY23 of ₹ 1619 Crores up from ₹ 1420 Crore year on year, a rise of 14%.

  • Total Expenses for Q4FY23 of ₹ 1497 Crores up from ₹ 1372 Crores year on year, rise of 9%.

  • Consolidated Net Profit of ₹ 94 Crores, up 283% from ₹ 24.53 Crores in the same quarter of the previous year.

  • The Earnings per Share is ₹ 1.74, up 278% from ₹ 0.46 in the same quarter of the previous year.

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