Q4FY17 Results : Kansai Nerolac Paints
Nidhi Jani / 02 May 2017
Company reported PAT of Rs 116.17 crore, which represents a sequential QoQ decline of 6.28 per cent and a YoY decline of 85.68 per cent.
Kansai Nerolac Paints Ltd. reported its results for the quarter ended March 31, 2017 on Tuesday.
The company's total sales for Q4FY17 came in at Rs. 938.59 crore, which represents a 6.61 per cent sequential decline and 8 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 143.73 crore and its EBIT margin stood at 15.31 per cent.
It reported PAT of Rs 116.17 crore, which represents a sequential QoQ decline of 6.28 per cent and a YoY decline of 81.24 per cent.
The board of directors has recommended regular dividend of Rs 2.50 per share and a special dividend of Rs 0.50 per share on the face value of Rs 1 each.
The company's stock opened at Rs 395 and touched an intra-day high and low of Rs 401 and Rs 390, respectively, and finally closed at Rs 399.80 on the BSE.
Kansai Nerolac Paint Ltd is an India-based industrial paint manufacturing company. The company manufactures a diversified range of products for every surface. The company’s products range includes decorative paints, automotive coatings, general industrial coatings, high performance coatings and powder coatings.
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