Kansai Nerolac Paints Limited Announces Unaudited Standalone Earnings Results for the Third Quarter and Nine Months Ended December 31, 2016
January 31, 2017 at 02:51 am
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Kansai Nerolac Paints Limited announced unaudited standalone earnings results for the third quarter and nine months ended December 31, 2016. For the quarter, the company's net sales/income from operations was INR 11,404.1 million compared with INR 10,665.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,639.7 million compared with INR 1,215.0 million a year ago. Profit from ordinary activities before tax was INR 1,886.0 million compared with INR 1,276.4 million a year ago. Profit for the period was INR 1,239.6 million or INR 2.30 per basic and diluted share compared with INR 860.8 million or INR 1.60 per basic and diluted share a year ago.
For the nine months, the company's net sales/income from operations was INR 34,601.6 million compared with INR 32,437.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 5,145.9 million compared with INR 3,945.4 million a year ago. Profit from ordinary activities before tax was INR 5,897.0 million compared with INR 4,123.4 million a year ago. Profit for the period was INR 3,897.7 million or INR 7.23 per basic and diluted share compared with INR 2,795.3 million or INR 5.19 per basic and diluted share 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.