Kansai Nerolac Paints Ltd Reports Unaudited Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 22, 2013 at 01:05 pm
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Kansai Nerolac Paints Ltd. reported unaudited earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, the company reported profit from operations before other income, finance cost and exceptional items of INR 674 million compared to INR 660 million reported a year ago. Net profit was INR 489 million or INR 9.07 per basic and diluted share before and after extraordinary items compared to net profit of INR 527 million or INR 9.78 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 7,636 million compared to INR 6,623 million reported a year ago. Profit from ordinary activities before tax was INR 702 million compared to INR 734 million reported a year ago.
For the nine months, the company reported profit from operations before other income, finance cost and exceptional items of INR 2,115 million compared to INR 2,242 million reported a year ago. Net profit was INR 1,596 million or INR 29.62 per basic and diluted share before and after extraordinary items compared to net profit of INR 1,710 million or INR 31.74 per basic and diluted share before and after extraordinary items reported a year ago. Net sales were INR 21,638 million compared to INR 19,234 million reported a year ago. Profit from ordinary activities before tax was INR 2,245 million compared to INR 2,402 million reported 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.