Kolkata, January 31, 2020: Kansai Nerolac Paints Limited (KNPL), one of the leading Paint companies in India, today at the Board meeting announced its un-audited results for the third quarter of financial year 2019-20. For the quarter, the company declared Net revenue of Rs. 1248.1 Crores a de-growth of 7.6 % over the corresponding quarter of the previous year. For the nine months ending December 31, 2019, the company had a Net revenue of Rs. 3955.1 Crores a de-growth of 1.6 % over the corresponding period of the previous year.
EBIDTA was at Rs. 191.9 crores a growth of 8.4 % over the same quarter of the previous year. Lower Tax has resulted in Net profit growth of 8.8%. For the nine months ending December 31, 2019, company reported an EBITDA of Rs. 653.8 Crores a growth of 10.4% over the same period last year. Net profit growth was up by 23.9 %.
Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said, “Both Decorative and Industrial business have seen a dip in demand in the current quarter. Within Industrial, in Automotive, where the company has a significant exposure, the impact continues to be very severe due to the continued un-precedented slowdown. The company’s decorative sales were impacted due to lower offtake during the festival season and extended monsoons.
During the quarter, input costs were stable. This along with judicious control on costs has helped improve the EBITDA margin by 230 basis points. Exchange rate and crude oil prices continued to show volatility creating challenges in raw material cost management. Looking forward, the demand in Decorative business would be positive but expected to be muted. Challenges of demand in Industrial are expected to continue for the near future.”
Outlook of Indian Paint Industry:
The size of domestic paint industry is estimated at Rs.50000 crores as of Mar 2019. The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry.
About Kansai Nerolac Paints Ltd:
Kansai Nerolac Paints has been at the forefront of paint manufacturing for more than 90 years pioneering a wide spectrum of quality paints. Kansai Nerolac is one of the leading paint company in India and is the leader in Industrial segment, having a turnover of Rs.5682 crores. The company has five strategically located manufacturing units all over India and a strong dealer network across the country. The company manufactures a diversified range of products ranging from decorative paints coatings for homes, offices, hospitals and hotels to sophisticated industrial coatings for most of the industries. Please visit www.nerolac.com
Your post is wonderful. Every person is expert in their work, but people who do not do anything in their free time, I like it very much and you are the one who makes people happy as soon as you post.
ReplyDeleteGurgaon Escorts Service
Call Girls Aerocity
Call Girls Cyber City
Call Girls Gurugram
Call Girls In Noida
Call Girls Surajkund
Call Girls Malibu Town
Call Girls Bindapur
Do you need Personal Finance?
ReplyDeleteBusiness Cash Finance?
Unsecured Finance
Fast and Simple Finance?
Quick Application Process?
Finance. Services Rendered include,
*Debt Consolidation Finance
*Business Finance Services
*Personal Finance services Help
contact us today and get the best lending service
personal cash business cash just email us below
Contact Us: financialserviceoffer876@gmail.com
call or add us on what's app +918929509036
HELLO GET OUT OF FINANCIAL MESS WITH THE HELP OF drbenjaminfinance@gmail.com
ReplyDeleteI have been in financial mess for the past months, I’m a single mum with kids to look after. My name is REBECCA MICHAELSON, and am from Ridley Park, Pennsylvania. A couple of weeks ago My friend visited me and along our discussion she told me about DR BENJAMIN OWEN FINANCE of drbenjaminfinance@gmail.com that he can help me out of my financial situation, I never believed cause I have spend so much money on different loan lenders who did nothing other than running away with my money. She advised, I gave it a try because she and some of her colleagues were rescued too by this Godsent lender with loans to revive their dying businesses and paying off bills. so I mailed him and explain all about my financial situation and therefore took me through the loan process which was very brief and easy. After that my loan application worth $278,000.00USD was granted, all i did was to follow the processing and be cooperative and today I am a proud business owner sharing the testimony of God-sent Lender. You can as well reach him through the Company WhatsApp +19292227023 Email drbenjaminfinance@gmail.com
THANK YOU VERY MUCH
Are you in need of Loan? Here all problem regarding Loans is solve between a short period of time what are you waiting for apply now and solve your problem or start a business with funds Contact us now. many more 2% interest rate.(Whats App) number +919394133968 patialalegitimate515@gmail.com
ReplyDeleteMr Sorina
Do you need a loan? If yes! Contact FIFO Capitals and Mortgages Limited ® for small and large loans. We give out loans at 2% interest rate. Contact us today via E-mail at,,,(( FIFOCapitals@gmail.com )),,, We also give out from. £5 thousand Pounds to 100 million Pounds for individuals and companies, the credit is open to all regardless of nationality....
ReplyDelete