Kansai Nerolac Paints Ltd Q3FY21 consolidated PAT higher at Rs. 203.79 crores

KANSAI NEROLAC PAINTS LTD. has reported financial results for the period ended December 31, 2020.

Financial Results (Q3 FY20-21) - QoQ Comparison

The company has reported total income of Rs.1606.86 crores during the period ended December 31, 2020 as compared to Rs.1388.02 crores during the period ended September 30, 2020.

The company has posted net profit / (loss) of Rs.203.79 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.168.72 crores for the period ended September 30, 2020.

The company has reported EPS of Rs.3.78 for the period ended December 31, 2020 as compared to Rs.3.12 for the period ended September 30, 2020.

Financials	Q3 FY20-21	Q2 FY20-21	% Change
Total Income	₹ 1606.86 crs	₹ 1388.02 crs	15.77%
Net Profit	₹ 203.79 crs	₹ 168.72 crs	20.79%
EPS	₹ 3.78	₹ 3.12	21.15%

Financial Results (Q3 FY20-21) - YoY Comparison

The company has reported total income of Rs.1606.86 crores during the period ended December 31, 2020 as compared to Rs.1342.53 crores during the period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.203.79 crores for the period ended December 31, 2020 as against net profit / (loss) of Rs.115.71 crores for the period ended December 31, 2019.

The company has reported EPS of Rs.3.78 for the period ended December 31, 2020 as compared to Rs.2.17 for the period ended December 31, 2019.

Financials	Q3 FY20-21	Q3 FY19-20	% Change
Total Income	₹ 1606.86 crs	₹ 1342.53 crs	19.69%
Net Profit	₹ 203.79 crs	₹ 115.71 crs	76.12%
EPS	₹ 3.78	₹ 2.17	74.19%

Financial Results (9 Months ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.3641.96 crores during the 9 months period ended December 31, 2020 as compared to Rs.4221.59 crores during the 9 months period ended December 31, 2019.

The company has posted net profit / (loss) of Rs.401.11 crores for the 9 months period ended December 31, 2020 as against net profit / (loss) of Rs.449.60 crores for the 9 months period ended December 31, 2019.

The company has reported EPS of Rs.7.52 for the 9 months period ended December 31, 2020 as compared to Rs.8.42 for the 9 months period ended December 31, 2019.

Financials	9 Months ended FY20-21	9 Months ended FY19-20	% Change
Total Income	₹ 3641.96 crs	₹ 4221.59 crs	-13.73%
Net Profit	₹ 401.11 crs	₹ 449.60 crs	-10.79%
EPS	₹ 7.52	₹8.42	-10.69%

Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said, "The quarter saw a strong bounce back in demand on account of the festive season. Both Decorative and Industrial witnessed high double-digit volume growth in the quarter with demand recovery across all customer segments.

The continued aggressive cost control program along with judicious management of overheads helped the company report a strong growth in EBITDA. Basic raw material prices showed an inflationary trend. Inflation is likely to continue in the near future along with continued volatility in forex rates.

Looking forward, the company is optimistic that demand would continue to gain momentum."

Shares of KANSAI NEROLAC PAINTS LTD. was last trading in BSE at Rs.547.85 as compared to the previous close of Rs. 586.85. The total number of shares traded during the day was 32677 in over 1690 trades.

The stock hit an intraday high of Rs. 595 and intraday low of 542. The net turnover during the day was Rs. 18289923.

Source : Equity Bulls

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