Kansai Nerolac Paints Q1FY24 Results: Consolidated PAT of Rs. 738 Cr

Kansai Nerolac Paints Q1FY24 Results: Consolidated PAT of Rs. 738 Cr

Kansai Nerolac Paints Q1 results show revenue up from 1743.29 crores to 2174 crores, a 24.71% increase in growth. EPS rise from ₹1.16 to ₹9.12, up by 686.21%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Kansai Nerolac Paints shared its Q1 results on Tuesday. They earned 2174 crores in revenue this quarter, but that’s more than the 1743.29 crores they made last quarter. The company’s growth increased by 24.71 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 738 crores, up from 93.77 crores in the previous quarter. Their quarter-to-quarter growth increased by 687.03 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹9.12, which is an increase of 686.21% from the ₹1.16 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 2174 crores this year (2023), which is 5.73 percent higher than last year’s total revenue of 2056.20 crores.

This year’s PAT (Profit After Tax) is 738 crores, which is also 372.11% higher than last year’s PAT of 156.32 crores.

The EPS (Earnings Per Share) for this year is ₹9.12, which is 372.54% more than the EPS of ₹1.93 earned last year.

Also Read: Dabur Q1FY24 Results: Consolidated PAT Climbs to Rs. 463.88 Cr

Kansai Nerolac Paints Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Kansai Nerolac Paints:

Kansai Nerolac Paints Limited, headquartered in Mumbai, is the largest industrial paint and the third-largest decorative paint company in India. It operates as a subsidiary of Japan’s Kansai Paint. As of 2015, the company holds a significant market share of 15.4% in the Indian paint industry, making it one of the key players in the market.

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