Kansai Nerolac Consolidated December 2022 Net Sales at Rs 1,826.81 crore, up 0.91% Y-o-Y
NULL04-02-2023
Kansai Nerolac Paints net profit falls 13% to Rs 108.97 cr in Dec quarter
Kansai Nerolac Paints Ltd on Friday reported a 13 per cent decline in consolidated net profit at Rs 108.97 crore in the December quarter, impacted by higher expenses. The company had posted a consolidated net profit of Rs 125.32 crore in the year-ago period, it said in a regulatory filing. Consolidated revenue from operations during the quarter under review stood at Rs 1,826.81 crore as against Rs 1,810.35 crore in the corresponding period last fiscal, it added. Total expenses were higher at Rs 1,684.74 crore as compared to Rs 1,648.39 crore in the same quarter last year. "The quarter witnessed good demand in automotive coatings. Demand in decorative was impacted on account of early Diwali, extended monsoons and higher than normal channel stocking due to price increases during October 21 and November 21," Kansai Nerolac Paints Managing Director Anuj Jain said. Raw material prices showed a decline during the quarter, which continued to witness a high exchange volatility with the ru03-02-2023
Q3FY23 Quarterly Result Announced for Kansai Nerolac Paints Ltd.
Kansai Nerolac Paints announced Q3FY23 results: Q3FY23: The company earned net revenue from operations of Rs 1,717.1 crore, a growth of 1.4% over the corresponding quarter of the previous year. EBIDTA was at Rs 188.5 crore, a de-growth of 10.2% over Q3FY22. PAT was at Rs 112.3 crore, a de-growth of 15.2 % over Q3FY22. Other operating income of the previous year’s Q3 included exceptional income of Rs 44.8 crore Excluding this, Net revenue is up by 4.1%, EBITDA is up by 14.1% and PAT is up by 13.5%. 9MFY23: The company earned net revenue from operations of Rs 5,475.9 crore a growth of 20.7% over the corresponding period of the previous year. EBITDA was at Rs 641.4 crore, a growth of 13.7% over the same period of 2021-22. PAT for the nine months period was Rs 392.4 crore, a growth of 12.2 % over the same period of 2021-22. Commenting on the results, Mr. Anuj Jain, Managing Director, Kansai Nerolac Paints Ltd said, “The quarter witnessed good demand in Automotive coatings. Demand in Decorative was impacted on account of early Diwali, extended monsoons and higher than normal channel stocking due to price increases during Oct 21 & Nov 21. Raw material prices showed a decline during the quarter. The quarter continued to witness high exchange volatility with the rupee sharply depreciating further. The company was able to conclude the price increases with all its key OEMs during the quarter which will help partly offset the high inflation witnessed over the last two years. The company initiated various measures to increase growth in decorative. The measures include an increase in feet on the street, digital interventions, network expansion, new product launches and brand strengthening. Judicious management of costs and overheads continued. Looking forward it is expected that demand would remain healthy in the short to medium term”. Result PDF03-02-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Announcement under Regulation 30 (LODR)-Press Release / Media Release
A press release on the Unaudited Financial Results for the quarter and nine months ended 31st December, 2022 is enclosed herewith.03-02-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Financial Results Of The Company For The Quarter And Nine Months Ended 31St December, 2022
This is to inform you that the Board of Directors of Kansai Nerolac Paints Limited ('Company') has, in its meeting held today i.e. on Friday, 3rd February, 2023 ('Board Meeting'), inter alia considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31st December, 2022 ('Unaudited Financial Results').03-02-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Board Meeting Outcome for Outcome Of The Board Meeting Of Kansai Nerolac Paints Limited Held On 3Rd February, 2023
The Board of Directors of Kansai Nerolac Paints Limited ('Company') has, in its meeting held today i.e. on Friday, 3rd February, 2023, inter alia considered and approved the Unaudited Standalone and Consolidated Financial Results of the Company for the quarter and nine months ended 31st December, 2022. A press release on the Unaudited Financial Results is also enclosed herewith.03-02-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Announcement under Regulation 30 (LODR)-Analyst / Investor Meet - Intimation
Pursuant to Regulation 30(6) of the Securities and Exchange Board of India (Listing Obligations and Disclosure Requirements) Regulations, 2015, we hereby inform you that the Management of our Company will be hosting a Conference Call on Monday, 6th February, 2023 at 11:00 hrs India Time to discuss Q3 FY 2022-23 Financial Results of the Company. We are enclosing herewith the invitation to the conference call for reference.31-01-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Proposal To Sell The Company'S Land At Kavesar, Thane
This is further to our letter dated 1st August, 2022 informing that the Board of Directors has approved a proposal for monetization of idle land parcels of the Company not being put for productive use. The Board of Directors of the Company on 30th January, 2023, has approved a proposal for sale of the Company's land at Kavesar, Thane to Shoden Developers Private Limited, a group company of House of Hiranandani group (hereinafter referred as the 'Purchaser') for total consideration of Rs. 655 Crores for an area admeasuring 96,180 sq. mts. The Company has entered into an Agreement to Sell with the Purchaser. The sale is subject to completion of procedures and approvals as may be necessary in this regard.30-01-2023
KANSAI NEROLAC PAINTS LTD. - 500165 - Grant Of Restricted Stock Units Under Kansai Nerolac Paints Limited - Restricted Stock Unit Plan 2022
This is further to our letters dated 14th September 2022 & 27th October 2022 informing that the Board of Directors and Shareholders respectively have approved the Kansai Nerolac Paints Limited - Restricted Stock Unit Plan 2022. We also refer to the in- principle approval granted by BSE Limited on 14th November 2022 and National Stock Exchange of India Limited on 15th November, 2022 for issue and allotment of a maximum of 53,89,197 Equity shares, which are likely to arise out of exercise of options as and when exercised under the Scheme subject to the Company fulfilling the listing conditions. The Nomination and Remuneration Committee has approved on 31st December 2022, grant of 11,92,792 Restricted Stock Units exercisable into 11,92,792 equity shares of the Company of face value of Re. 1 each fully paid-up to selected employees of the Company as determined by the NRC, in terms of the RSU Plan 2022.31-12-2022
KANSAI NEROLAC PAINTS LTD. - 500165 - Closure of Trading Window
In terms of the provisions of the Securities and Exchange Board of India (Prohibition of Insider Trading) Regulations, 2015 ('SEBI PIT Regulations') read with the Company''s Code of Conduct to regulate, monitor and report trading by Insiders ('Code of Conduct'), the 'Trading Window' of the Company, shall remain closed from 1st January, 2023 till 5th February, 2023 (both days inclusive). It is clarified that in terms of the provisions of SEBI PIT Regulations read with the Code of Conduct of the Company, the 'Trading Window' of the Company is closed only for the Designated Persons of the Company and their immediate relatives. This is being intimated to them. However, the same is not applicable for the general investors and the trading will be open for them.30-12-2022