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

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 Change	YoY Change
Net Sales	Rs m	12,481	12,881	14,734	14.4%	18.0%
Other income	Rs m	124	43	141	224.0%	13.2%
Turnover	Rs m	12,606	12,924	14,874	15.1%	18.0%
Expenses	Rs m	10,563	10,287	11,836	15.1%	12.1%
Gross profit	Rs m	1,919	2,486	2,898	16.6%	51.0%
Depreciation	Rs m	314	330	336	1.8%	7.1%
Interest	Rs m	12	11	10	-6.3%	-14.0%
Profit before tax	Rs m	1,717	2,188	2,692	23.1%	56.8%
Tax	Rs m	490	602	673	11.7%	37.3%
Profit after tax	Rs m	1,227	1,586	2,019	27.4%	64.6%
Gross profit margin	%	15.4	19.3	19.7
Effective tax rate	%	28.6	27.5	25.0
Net profit margin	%	9.7	12.3	13.6

* 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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KANSAI NEROLAC Announces Quarterly Results (2QFY21); Net Profit Down 18.0% (Quarterly Result Update)

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For the quarter ended September 2020, KANSAI NEROLAC has posted a net profit of Rs 2 bn (down 18.0% YoY). Sales on the other hand came in at Rs 13 bn (up 3.6% YoY). Read on for a complete analysis of KANSAI NEROLAC's quarterly results.

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KANSAI NEROLAC SHARE PRICE

BSE: 596.25 0.32% NSE: 596.00 0.25%
Apr 9, 2021 (Close)

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