Kansai Nerolac Paints Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2017
January 19, 2018 at 07:56 am
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Kansai Nerolac Paints Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2017. For the quarter, the company's net sales/income from operations was INR 11,392.7 million compared with INR 11,404.1 million a year ago. Total income was INR 11,647.7 million compared with INR 11,684.4 million a year ago. Profit before tax was INR 1,926.3 million compared with INR 1,886.0 million a year ago. Profit for the period was INR 1,251.5 million or INR 2.32 per basic and diluted share (not annualized) compared with INR 1,239.6 million or INR 2.30 per basic and diluted share (not annualized) a year ago.
For the nine months, the company's net sales/income from operations was INR 36,217.6 million compared with INR 34,601.6 million a year ago. Total income was INR 36,872.4 million compared with INR 35,432.9 million a year ago. Profit before tax was INR 6,185.1 million compared with INR 5,897.0 million a year ago. Profit for the period was INR 4,105.9 million or INR 7.62 per basic and diluted share (not annualized) compared with INR 3,897.7 million or INR 7.23 per basic and diluted share (not annualized) a year ago.
Kansai Nerolac Paints Limited is an India-based paint company. The Company is engaged in the manufacturing and supply of paints, varnishes, enamels or lacquers. It manufactures a diversified range of products ranging from decorative paints coatings for homes, offices, hospitals, and hotels to industrial coatings for various industries. It offers a portfolio of industrial coatings, which covers a range of automotive coatings, powder coatings, performance coatings liquid (covering both general industrial and high-performance coating), and auto refinish solutions. Its automotive coatings solutions include monocoat metallics, high mar resistant clear coats and super durable monocoats. Its performance coatings liquid solutions include zinc rich coatings, heat resistant coatings and floor coatings. Its powder coatings solutions include heat resistance powder rebar coatings and pipe coating powders. The Company's auto refinish solutions include putty-NC, polyester and body fillers.