Kansai Nerolac Paints Q2 Results Live : Kansai Nerolac Paints announced its Q2 results on November 6, 2024, revealing a challenging quarter for the company. The topline saw a slight decrease of 0.26% year-over-year, while profit took a significant hit, plummeting by 30.69%. Compared to the previous quarter, revenue declined by 8.52%, and profit experienced an even steeper drop of 46.81%.
In addition to the declining revenues and profits, the company’s selling, general, and administrative expenses witnessed a marginal rise of 0.03% quarter-over-quarter and a more substantial increase of 14.8% year-over-year. This rise in expenses further strained the company’s financial performance.
Operating income also showed a negative trend, dropping by 41.97% quarter-over-quarter and decreasing by 27.67% year-over-year. The earnings per share (EPS) for Q2 stood at ₹1.52, marking a decrease of 30.59% compared to the same quarter last year.
Despite the downturn, Kansai Nerolac Paints managed to deliver a 0.02% return over the last week and a 2.99% return over the past six months. However, the year-to-date performance remains concerning, with a decline of 13.9%. Currently, the company has a market capitalization of ₹23091.86 crore, with a 52-week high of ₹355.72 and a low of ₹250.74.
As of November 7, 2024, the consensus among analysts covering the company is to hold, with 6 analysts issuing sell ratings, 4 holding ratings, 2 buy ratings, and 4 strong buy ratings. The mixed outlook reflects the challenges faced by Kansai Nerolac Paints in the current market environment.
Kansai Nerolac Paints Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 1951.37 | 2133.06 | -8.52% | 1956.54 | -0.26% |
| Selling/ General/ Admin Expenses Total | 124.57 | 124.53 | +0.03% | 108.51 | +14.8% |
| Depreciation/ Amortization | 48.56 | 48.14 | +0.87% | 47.39 | +2.47% |
| Total Operating Expense | 1788.02 | 1851.59 | -3.43% | 1730.69 | +3.31% |
| Operating Income | 163.35 | 281.47 | -41.97% | 225.85 | -27.67% |
| Net Income Before Taxes | 182.77 | 308.09 | -40.68% | 240.27 | -23.93% |
| Net Income | 122.79 | 230.83 | -46.81% | 177.15 | -30.69% |
| Diluted Normalized EPS | 1.52 | 2.85 | -46.67% | 2.19 | -30.59% |
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