Kansai Nerolac Paints net profit jumps more than three-fold to Rs 111 cr for Q1FY22
New Delhi: Kansai Nerolac Paints consolidated net profit jumped more than three-fold to Rs 111 crore for the first quarter of the ongoing fiscal as compared to a net profit of Rs 30 crore in the same quarter of the previous fiscal.
The company’s revenue from operations jumped more than two fold to Rs 1,397 crore for the first quarter of the ongoing fiscal as compared to Rs 631 crore in the same quarter of the previous fiscal.
"The quarter began on an extremely positive note. With the announcement of the lockdown across several states towards the end of April, demand was once again affected across both Decorative and Industrial in April and May. In June there was a revival in Decorative demand once the restrictions eased. Industrial demand continued to be impacted,” said Kansai Nerolac Paints Vice Chairman and Managing Director H M Bharuka.