Kansai Nerolac Paints Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 01, 2023 at 01:33 pm
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Kansai Nerolac Paints Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 19,565.4 million compared to INR 19,309.6 million a year ago. Revenue was INR 19,785.6 million compared to INR 19,350.3 million a year ago. Net income was INR 1,771.5 million compared to INR 1,135.7 million a year ago. Basic earnings per share from continuing operations was INR 2.19 compared to INR 1.41 a year ago. Diluted earnings per share from continuing operations was INR 2.19 compared to INR 1.41 a year ago.
For the six months, sales was INR 41,133.4 million compared to INR 39,823.3 million a year ago. Revenue was INR 41,525.6 million compared to INR 39,912.3 million a year ago. Net income was INR 9,151.5 million compared to INR 2,698.9 million a year ago. Basic earnings per share from continuing operations was INR 11.32 compared to INR 3.34 a year ago. Diluted earnings per share from continuing operations was INR 11.31 compared to INR 3.34 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.