Page 2 - Kansai Nerolac Paints

Kansai Nerolac Paints to sell Mumbai land to Runwal Group for Rs 726 cr

Kansai Nerolac Paints has agreed to sell its land parcel, along with building, at Lower Parel in Mumbai for Rs 726 crore to Runwal Developers. Kansai Nerolac Paints has said that its board has approved a proposal for "entering into an Agreement for Sale with Aethon Developers Pvt Ltd, subsidiary of Runwal Developers Pvt Ltd, for the sale of the company's land parcel at Lower Parel together with building thereon, for a consideration of Rs 726 crore." Accordingly, the company has entered into an Agreement for Sale with the buyer. The sale is subject to completion of procedures and approvals as may be necessary in this regard, the company said on Tuesday. Real estate developers are buying land parcels outright and also entering into joint development agreements (JDAs) with landowners to expand their business amid a rise in housing demand.

Kansai Nerolac Paints Q2 results: Net profit rises 58% to Rs 176 cr

Kansai Nerolac Paints Ltd on Wednesday reported a 57.79 per cent increase in its consolidated net profit at Rs 175.48 crore in the second quarter ended September 2023. The company had posted a net profit of Rs 111.21 crore in the July-September period a year ago, according to a regulatory filing from Kansai Nerolac. Its revenue from operations was up 1.32 per cent to Rs 1,956.54 crore in comparison to Rs 1,930.96 crore in the corresponding quarter a year ago. "Gross margins improved over the corresponding quarter last year. The company continues to make progress on various initiatives," said Kansai Nerolac Paints Managing Director Anuj Jain in the earnings statement of the company. Raw material prices were stable despite volatility in crude, he added. "The quarter saw decent demand for automotive though it was lower than Q1. While demand for performance coatings was relatively better, demand for powder coatings remained subdued. Demand in decorative was affected due to monsoons an

Kansai Nerolac Q2 results: Profit rises 56% to Rs 177 cr on lower expenses

The company, owned by Japan's Kansai Paint Co, said its consolidated net profit rose 56% to Rs 177 crore ($21.26 million) for the three months ended Sept. 30

Nerolac Paints Q1FY24 result: Consolidated net profit up 382% to Rs 734 cr

The total income for Q1FY24 came in at Rs 2,174 crore, compared to Rs 2,056.20 crore year-on-year

Kansai Nerolac surges 10% on healthy Q4 earnings; recommends 1:2 bonus

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.

Kansai Nerolac, Canara Bank, Mankind Pharma among top stocks to watch today

Stock to Watch on Tuesday, May 9: Canara Bank's net profit rose 90.6 per cent year-on-year (YoY) at Rs 3,175 crore in Q4FY23

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 ru

Near-term margin concerns an overhang on Kansai Nerolac Paints' stock

Higher advertising costs and demand worries could put pressure on profitability

Zomato, 4 others zoom up to 45% in August; charts suggest more strength

Zomato and Metro Brands may see an upside of up to 32 per cent, while JSW Energy, Kensai Nerolac, and Hikal could surge up to 11 per cent.

Kansai Nerolac zooms 34% in 3 days on strong Q1 operational performance

The management foresees uptick in demand across the paint industry to be driven by strong expansion in the infrastructure, core sector, automotive, and real estate industries.

Demand recovery a rosy picture for paint companies in Apr-Jun quarter

Listed paint companies could report over 30 per cent revenue growth year-on-year (YoY), aided by double-digit volume growth in decorative paints and cumulative gains from pricing action

Demand recovery unlikely to offset margin pressures for paint companies

Companies to post double digit volume growth in the quarter

Sensex ends 277pts lower, Nifty 73pts; L&T, Bajaj twins slip; banks rebound

In the primary market, Venus Pipes & Tubes IPO was subscribed 2 times on Day 1 of the offer period; Delhivery IPO was off to a slow start.

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.

Stocks to Watch: SBI, Cipla, Voda Idea, Gujarat Gas, Zensar, MGL, Welspun

Stocks to Watch Today: The primary market too is likely to be abuzz with activity with three IPOs namely - Delhivery, Prudent Corporate Advisory Services IPO and Venus Pipes IPO open for subscription.

Kansai Nerolac Paints Q4 profit down 85% at Rs 19 cr; revenue up 5.27%

Kansai Nerolac's total expenses were at Rs 1,503.54 crore, up 15.47 per cent in Q4/FY 2021-22, as against Rs 1,302.06 crore in the year-ago period

Kansai Nerolac Paints elevates Anuj Jain as the managing director

Kansai Nerolac Paints Ltd on Friday said its Executive Director Anuj Jain has been elevated as the managing director of the company

Kansai Nerolac hits 52-week low, falls 17% in February on weak Q3 results

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.

Kansai Nerolac Paints' net profit dips 38.7% to Rs 125.3 cr, sales up 13.7%

Kansai Nerolac's total expenses stood at Rs 1,648.39 crore, a jump of 23.65 per cent as against Rs 1,333.06 crore a year ago

Sensex gains 383pts, broader indices outperform; Tata Steel up 4%, RIL 2.4%

The BSE Midcap index gained 1.8 per cent, while the Smallcap index rallied 2.2 per cent. All sectoral indices also ended with gains, Realty, Metal and Consumer Durables were the major gainers