Kansai Nerolac Paints Q4FY23 Results: Consolidated PAT Down by Rs 93.77 Cr

Kansai Nerolac Paints Limited. Q4 results show revenue fell from 1834.19 to 1743.29 crores, a 4.96% decrease in growth. EPS also dropped from ₹2.04 to ₹1.74, down by 14.71%.

Let’s start with quarter and quarter bases first:

Kansai Nerolac Paints Company shared its Q4 results on Monday. They earned 1743.29 crores in revenue this quarter, but that’s less than the 1834.19 crores they made last quarter. Unfortunately, the company’s growth decreased by 4.96 percent when comparing the two quarters.

In terms of profits, Reliance Company’s PAT (Profit After Tax) for this quarter was 93.77 crores, down from 109.92 crores in the previous quarter. Their quarter-to-quarter growth declined by 14.69 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹1.74, which is a decrease of 14.71% from the ₹2.04 EPS in the previous quarter.

Also read this: ☞ ” Indian Bank Q4FY23 Results: Standalone PAT Rises to Rs 1447.28 Cr “

Now let’s discuss the results on a year-on-year basis:

The company made a total revenue of 7568.71 crores this year (2023), which is 18.36% higher than last year’s total revenue of 6394.76 crores.

This year’s PAT (Profit After Tax) is 473.58 crores, which is also 31.97% higher than last year’s PAT of 358.86 crores.

The EPS (Earnings Per Share) for this year is ₹8.79, which is 31.98% higher than the EPS of ₹6.66 earned last year.

Kansai Nerolac Paints Share Dividend Announcement / Record Date:

The Board of Directors has declared a Final Dividend of ₹2.70 per Equity Share of Face Value of ₹1 each of the Company (270% of Face Value). Total Dividend for FY23 stood at ₹1.90 per Equity Share (Interim Dividend of ₹1 per Equity Share)

Dividend’s record date has not yet come

About Kansai Nerolac Paints:

Kansai Nerolac Paints Ltd, headquartered in Mumbai, India, is the country’s third largest producer of decorative paints and the largest producer of industrial paints. It is a subsidiary of Japan’s Kansai Paint. As of 2015, the company held a 15.4% share of the Indian paint market, placing it third among industry competitors.

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