KANSAI NEROLAC Announces Quarterly Results (3QFY21); Net Profit Up 64.6%

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KANSAI NEROLAC Announces Quarterly Results (3QFY21); Net Profit Up 64.6%
Tue, 2 Feb

KANSAI NEROLAC has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

KANSAI NEROLAC Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m12,48112,88114,73414.4%18.0%
Other incomeRs m12443141224.0%13.2%
TurnoverRs m12,60612,92414,87415.1%18.0%
ExpensesRs m10,56310,28711,83615.1%12.1%
Gross profitRs m1,9192,4862,89816.6%51.0%
DepreciationRs m3143303361.8%7.1%
InterestRs m121110-6.3%-14.0%
Profit before taxRs m1,7172,1882,69223.1%56.8%
TaxRs m49060267311.7%37.3%
Profit after taxRs m1,2271,5862,01927.4%64.6%
Gross profit margin%15.419.319.7
Effective tax rate%28.627.525.0
Net profit margin%9.712.313.6
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 18.0% on a year-on-year (YoY) basis. The expenses were up by 12.1% YoY during the same period.
  • The company's operating profit increased by 51.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 3QFY21 as against 15.4% in 3QFY20.
  • Depreciation charges increased by 7.1% and finance costs declined by 14.0% YoY, respectively.
  • Other income increased by 13.2% YoY during the quarter.
  • Net profit for the quarter increased by 64.6% YoY. Net profit margins during the quarter increased from 9.7% in 3QFY20 to 13.6% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.4% on a quarter-on-quarter (QoQ) basis. The expenses were up by 15.1% QoQ during the same period.
  • The company's operating profit increased by 16.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.7% in 3QFY21 as against 19.3% in 2QFY20.
  • Net profit for the quarter increased by 27.4% QoQ, while net profit margins increased from 12.3% in 2QFY20 to 13.6% in 3QFY21.

To see how KANSAI NEROLAC has performed over the last eight quarters,please visit here.

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

KANSAI NEROLAC Share Price Performance

Over the last one year, KANSAI NEROLAC share price has moved up from Rs 495.0 to Rs 585.4, registering a Gain of Rs 90.4 or around 18.3%.

Overall, the S&P BSE SENSEX is up 20.3% over the year.

Current Valuations

At the current price of Rs 585.4, the price to earnings (P/E) ratio of KANSAI NEROLAC stands at 66.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.4 times.

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