You are here: Home » Markets » News
Delhivery raises Rs 2,346 cr from anchor investors as IPO opens today
Delhivery IPO's 3-day offer opens today: All you need to know
Business Standard

Kansai Nerolac slips 6%, hits 52-week low as Q4 PAT declines 81%

The management said the quarter witnessed impact in terms of demand for decorative business on account of the steep price increase taken towards the end of Q3FY22.

Topics
Buzzing stocks | Kansai Nerolac Paints  | Markets

SI Reporter  |  Mumbai 



Kansai Nerolac sells its Chennai land to SPV floated by Brigade & GIC Singapore

Shares of Kansai Nerolac hit a 52-week low of Rs 403, down 6 per cent on the BSE in Wednesday’s intra-day trade after the company reported a sharp fall in its net profit for the March quarter (Q4FY22). Its net profit declined a whopping 80.9 per cent year on year (YoY) to Rs 24.5 crore due to muted sales and higher raw material cost.

TO READ THE FULL STORY, SUBSCRIBE NOW NOW AT JUST RS 249 A MONTH.

SUBSCRIBE TO INSIGHTS

What you get on Business Standard Premium?

  • icon Unlock 30+ premium stories daily hand-picked by our editors, across devices on browser and app.
  • icon Full access to our intuitive epaper - clip, save, share articles from any device; newspaper archives from 2006.
  • icon Curated newsletters on markets, personal finance, policy & politics, start-ups, technology, and more.
  • icon Pick your 5 favourite companies, get a daily email with all news updates on them.
  • icon 26 years of website archives.
  • icon Preferential invites to Business Standard events.

OR


Subscribe to Business Standard Premium

Exclusive Stories, Curated Newsletters, 26 years of Archives, E-paper, and more!

Insightful news, sharp views, newsletters, e-paper, and more! Unlock incisive commentary only on Business Standard.

Download the Business Standard App for latest Business News and Market News .

First Published: Wed, May 11 2022. 09:46 IST

RECOMMENDED FOR YOU

.