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Kansai Nerolac Tanks 5%, Hits Fresh Low; Net Profit Falls 85% YoY in Q4

By Malvika Gurung

Investing.com — Shares of the paint firm Kansai Nerolac Paints (NS:) fell 4.8% to Rs 410.5 apiece at 1pm, after tanking 6.5% to document a contemporary 52-week low at Rs 400 apiece on Wednesday.

The inventory slumped on disappointing earnings outcomes for the March-ending quarter, as the corporate’s consolidated web revenue declined sharply by 84.5% on a YoY foundation to Rs 19.17 crore, led by muted gross sales and better enter prices within the quarter.

Income from operations climbed 5.27% YoY to Rs 1,536.6 crore, whereas EBITDA fell 60% YoY to Rs 82.9 crore within the quarter beneath focus. 

The Jan-Mar interval witnessed inflationary pressures led by the aggravated Russia-Ukraine disaster, which pushed uncooked materials/enter prices larger. 

Consequently, the corporate’s margin sharply contracted by 1,000 foundation factors to five.4% in This fall FY22. Its complete bills additionally rose 15.5% YoY to Rs 1,503.54 crore within the quarter.

“Total demand state of affairs is anticipated to stay wholesome, and the corporate stays constructive and effectively poised to do higher. It’s anticipated that worth will increase taken in FY 21-22 will accrue within the coming yr,” acknowledged MD Anuj Jain.

In FY22, Kansai Nerolac Paints’

  • Web revenue declined 34.7% YoY to Rs 343.15 crore,
  • Income from operation surged 25.5% to Rs 6,369.35 crore, and
  • Complete dividend fell to Rs 2.25/share from Rs 5.25/share in FY21.

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