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Stock Report
Kansai Nerolac Paints Ltd posts Q4FY21 consolidated PAT of Rs. 124.28 crores
Posted On : 2021-05-07 17:13:18( TIMEZONE : IST )
KANSAI NEROLAC PAINTS LTD. has reported financial results for the period ended March 31, 2021.
Financial Results (Q4 FY20-21) - QoQ Comparison
The company has reported total income of Rs.1470.50 crores during the period ended March 31, 2021 as compared to Rs.1606.86 crores during the period ended December 31, 2020.
The company has posted net profit / (loss) of Rs.124.28 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.203.79 crores for the period ended December 31, 2020.
The company has reported EPS of Rs.2.31 for the period ended March 31, 2021 as compared to Rs.3.78 for the period ended December 31, 2020.
| Financials | Q4 FY20-21 | Q3 FY20-21 | % Change |
| Total Income | ₹ 1470.50 crs | ₹ 1606.86 crs |  -8.49% |
| Net Profit | ₹ 124.28 crs | ₹ 203.79 crs | -39.02% |
| EPS | ₹ 2.31 | ₹ 3.78 | -38.89% |
Financial Results (Q4 FY20-21) - YoY Comparison
The company has reported total income of Rs.1470.50 crores during the period ended March 31, 2021 as compared to Rs.1083.91 crores during the period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.124.28 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.67.22 crores for the period ended March 31, 2020.
The company has reported EPS of Rs.2.31 for the period ended March 31, 2021 as compared to Rs.1.25 for the period ended March 31, 2020.
| Financials | Q4 FY20-21 | Q4 FY19-20 | % Change |
| Total Income | ₹ 1470.50 crs | ₹ 1083.91 crs |  35.67% |
| Net Profit | ₹ 124.28 crs | ₹ 67.22 crs | 84.89% |
| EPS | ₹ 2.31 | ₹ 1.25 | 84.8% |
Financial Results (Year ended FY 20-21) - YoY Comparison
The company has reported total income of Rs.5112.46 crores during the 12 months period ended March 31, 2021 as compared to Rs.5305.50 crores during the 12 months period ended March 31, 2020.
The company has posted net profit / (loss) of Rs.529.74 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.521.01 crores for the 12 months period ended March 31, 2020.
The company has reported EPS of Rs.9.83 for the 12 months period ended March 31, 2021 as compared to Rs.9.67 for the 12 months period ended March 31, 2020.
| Financials | Year Ended FY20-21 | Year Ended FY19-20 | % Change |
| Total Income | ₹ 5112.46 crs | ₹ 5305.50 crs | -3.64% |
| Net Profit | ₹ 529.74 crs | ₹ 521.01 crs | 1.68% |
| EPS | ₹ 9.83 | ₹9.67 | 1.65% |
Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said, "The quarter saw continued strong demand for both Decorative and Industrial Paints. Both Decorative and Industrial witnessed high double-digit volume growth in the quarter. However, this number should be read on the low base of March last year when lockdown was announced.
The continued aggressive cost control program along with judicious management of overheads helped the company report a strong growth in EBITDA. RM prices has shown a very steep to rise during the quarter, and this has resulted in a sharp increase in material costs. Full impact of this is yet to be seen due to inventory. Inflation is likely to continue along with continued volatility in forex rates and supply chain tightness.
Company has already taken some price increase. Further increases will be taken going forward to compensate for the inflation.
Looking forward, the company is optimistic that demand would gain momentum, though in the short term the effect of the COVID 2nd wave has impacted demand across."
Outlook of Indian Paint Industry:
The size of domestic paint industry is estimated at Rs. 54000 crores as of March 2021. The good growth in infrastructure, core sector as well as automobile and real estate is likely to have a positive effect on the overall demand of paint for the industry in the long run.
Shares of KANSAI NEROLAC PAINTS LTD. was last trading in BSE at Rs.588.7 as compared to the previous close of Rs. 592.15. The total number of shares traded during the day was 11169 in over 527 trades.
The stock hit an intraday high of Rs. 599.75 and intraday low of 587.55. The net turnover during the day was Rs. 6605917.
