Kansai Nerolac Paints Ltd's Q3FY25 Quarter Results
- 06 Feb 2025
Result Summary
- Kansai Nerolac Paints Ltd reported a 0.7% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 1.3%.
- Its expenses for the quarter were down by 2.6% QoQ and up 1.1% YoY.
- The net profit increased 453.0% QoQ and increased 335.4% YoY.
- The earnings per share (EPS) of Kansai Nerolac Paints Ltd stood at 8.4 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1963.42 | 1978.07 | 1938.84 | -0.7% | 1.3% |
Total Expenses | 1749.28 | 1795.30 | 1730.61 | -2.6% | 1.1% |
Profit Before Tax | 843.65 | 182.77 | 208.23 | 361.6% | 305.2% |
Tax | 181.38 | 63.01 | 56.14 | 187.9% | 223.1% |
Profit After Tax | 662.27 | 119.76 | 152.09 | 453.0% | 335.4% |
Earnings Per Share | 8.40 | 1.50 | 1.90 | 460.0% | 342.1% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Kansai Nerolac Paints Ltd is a leading player in the paint manufacturing industry, primarily operating in India. The company specializes in the production and marketing of a wide range of paints including decorative, industrial, and automotive coatings. As one of the top paint manufacturers in the country, Kansai Nerolac serves both retail and industrial sectors. The company has a strong presence in the decorative paints market and is known for its innovation and quality. No recent major developments have been specified in the provided information.
Revenue
In the third quarter of the fiscal year 2025 (Q3FY25), Kansai Nerolac Paints Ltd reported total income of ₹1963.42 crores. This represents a marginal decrease of 0.7% quarter-over-quarter from ₹1978.07 crores in Q2FY25. Compared to the same quarter in the previous year (Q3FY24), the total income grew by 1.3% from ₹1938.84 crores. The data indicates stable revenue generation with slight fluctuations over the observed periods.
Profitability
Kansai Nerolac Paints Ltd experienced a substantial increase in profitability in Q3FY25. The profit before tax surged to ₹843.65 crores, which is a significant increase of 361.6% from ₹182.77 crores in Q2FY25, and a 305.2% increase from ₹208.23 crores in Q3FY24. The profit after tax also rose sharply to ₹662.27 crores, marking a 453.0% increase quarter-over-quarter and a 335.4% increase year-over-year. Earnings per share (EPS) for the quarter improved drastically to ₹8.40 from ₹1.50 in the previous quarter and ₹1.90 in the same quarter last year, reflecting a 460.0% QoQ and 342.1% YoY rise.
Operating Metrics
The total expenses for Kansai Nerolac Paints Ltd in Q3FY25 amounted to ₹1749.28 crores, which is a decrease of 2.6% from ₹1795.30 crores in the previous quarter. When compared to Q3FY24, expenses increased slightly by 1.1% from ₹1730.61 crores. The tax outlay for the quarter was ₹181.38 crores, up by 187.9% from ₹63.01 crores in Q2FY25 and 223.1% from ₹56.14 crores in Q3FY24. The company managed to achieve a higher profit margin despite the increased tax expenditure, indicating efficient cost management during the quarter. The substantial growth in profitability across various metrics highlights strong operational performance for the period.
