Kansai Nerolac : Q1FY18 Result
DSIJ Intelligence / 20 Jul 2017
The company's total sales for Q1FY18 came in at Rs 1324.1 crore, which represents a 24.6 per cent sequential increase and 11.2 per cent YoY increase.
Kansai Nerolac reported its results for the quarter ended June 30, 2017 on Thursday.
The company's total sales for Q1FY18 came in at Rs 1324.1 crore, which represents a 24.6 per cent sequential increase and 11.2 per cent YoY increase.
Its operating profit (EBIT) for the quarter amounted to Rs 189.2 crore and its EBIT margin stood at 14.3 per cent.
The company reported PAT of Rs 140.8 crore, which represents a sequential QoQ increase of 21.2 per cent and a YoY increase of 11.3 per cent.
The company has been able to transition to the new GST regime successfully. Also, it expects good monsoon to augur well for overall demand.
Kansai Nerolac Paints Limited (KNPL) is a paint company engaged in the manufacture of decorative products, automotive coatings and performance coatings.
The company's stock opened at Rs 450.5 and touched intra-day high and low of Rs 458.6 and Rs 441.1, respectively, on the BSE.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.