2024-11-07 11:12:00 :
Kansai Nerolac Paints Second Quarter Results Release Live: Kansai Nerolac Paints announced its second quarter results on November 6, 2024, revealing the challenging quarter the company faced. Revenue fell slightly by 0.26% year-on-year, and profit fell sharply by 30.69%. Compared with the previous quarter, revenue fell by 8.52%, and profit fell even more, reaching 46.81%.
In addition to the decline in revenue and profits, the company’s selling expenses, general expenses and administrative expenses increased slightly by 0.03% month-on-month and increased significantly by 14.8% year-on-year. The increase in expenses further affected the company’s financial results.
Operating income also showed a negative trend, falling 41.97% month-on-month and 27.67% year-on-year. Second quarter earnings per share (EPS) were $1.52, a decrease of 30.59% compared with the same period last year.
Despite the economic downturn, Kansai Nerolac Paints managed a return of 0.02% last week and a return of 2.99% over the past six months. However, year-to-date performance remains concerning, with a 13.9% decline. Currently, the company’s market capitalization is $230.9186 billion rupees, a 52-week high $355.72 minimum is $250.74.
As of November 7, 2024, the company’s analyst consensus was a Hold, with 6 rating it a Sell, 4 rating it a Hold, 2 rating it a Buy, and 4 rating it a Hold Give it a Strong Buy rating. The mixed outlook reflects the challenges Kansai Nerolac Paints faces in the current market environment.
Kansai Orange Blossom Paint Financial Conditions
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 1951.37 | 2133.06 | -8.52% | 1956.54 | -0.26% |
| Total Selling/General/Administrative Expenses | 124.57 | 124.53 | +0.03% | 108.51 | +14.8% |
| Depreciation/Amortization | 48.56 | 48.14 | +0.87% | 47.39 | +2.47% |
| total operating expenses | 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 tax | 182.77 | 308.09 | -40.68% | 240.27 | -23.93% |
| net income | 122.79 | 230.83 | -46.81% | 177.15 | -30.69% |
| Diluted normalized earnings per share | 1.52 | 2.85 | -46.67% | 2.19 | -30.59% |
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