Kansai Nerolac Paints Q1 Results Live : profit falls by 68.72% YOY

Kansai Nerolac Paints Q1 Results Live : Kansai Nerolac Paints declared their Q1 results on 29 Jul, 2024, revealing a decrease in revenue by 1.1% and a significant drop in profit by 68.72% YoY.

However, there was a positive growth when compared to the previous quarter, with revenue increasing by 20.55% and profit by 98.94%.

The Selling, general & administrative expenses saw a rise of 7.56% q-o-q and an increase of 16.18% Y-o-Y.

Operating income showed a substantial increase of 114.78% q-o-q but a slight decrease of 1.18% Y-o-Y.

The Earnings Per Share (EPS) for Q1 stood at ₹2.85, reflecting a 50.16% Y-o-Y increase.

In terms of returns, Kansai Nerolac Paints delivered 3.97% in the last week, while showing negative returns of -16.61% in the last 6 months and -15.09% YTD.

The company currently holds a market cap of ₹22772.05 Cr with a 52-week high/low of ₹355.72 & ₹250.74 respectively.

Analyst ratings as of 30 Jul, 2024, indicate that out of 16 analysts covering the company, 6 suggest selling, 4 suggest holding, 2 suggest buying, and 4 suggest strong buying, leading to a consensus recommendation of Hold.