Kansai Nerolac Paints Ltd posts Rs. 738 crores consolidated net profit in Q1 FY2024

Kansai Nerolac Paints Limited has reported Consolidated financial results for the period ended June 30, 2023.

Financial Results (Q1 FY2024) - QoQ Comparison

The company has reported total income of Rs. 2174 crores during the period ended June 30, 2023 as compared to Rs. 1743.29 crores during the period ended March 31, 2023.

The company has posted net profit / (loss) of Rs. 738 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs. 93.77 crores for the period ended March 31, 2023.

The company has reported EPS of Rs. 9.12 for the period ended June 30, 2023 as compared to Rs. 1.16 for the period ended March 31, 2023.

Financials	Q1 FY2024	Q4 FY2023	% Change
Total Income	₹ 2174 crs	₹1743.29 crs	24.71%
Net Profit	₹738 crs	₹93.77 crs	687.03%
EPS	₹9.12	₹1.16	686.21%

Financial Results (Q1 FY2024) - YoY Comparison

The company has reported total income of Rs. 2174 crores during the period ended June 30, 2023 as compared to Rs.2056.20 crores during the period ended June 30, 2022.

The company has posted net profit / (loss) of Rs.738 crores for the period ended June 30, 2023 as against net profit / (loss) of Rs.156.32 crores for the period ended June 30, 2022.

The company has reported EPS of Rs.9.12 for the period ended June 30, 2023 as compared to Rs.1.93 for the period ended June 30, 2022.

Financials	Q1 FY2024	Q1 FY2023	% Change
Total Income	₹ 2174 crs	₹2056.20 crs	5.73%
Net Profit	₹738 crs	₹156.32 crs	372.11%
EPS	₹9.12	₹1.93	372.54%

Shares of Kansai Nerolac Paints Limited was last trading in BSE at Rs. 337.05 as compared to the previous close of Rs. 339.05. The total number of shares traded during the day was 44261 in over 1927 trades.

The stock hit an intraday high of Rs. 339.20 and intraday low of 333.05. The net turnover during the day was Rs. 14901323.00.

Source : Equity Bulls

Keywords

KansaiNerolacPaints Q1FY24 ResultUpdate