Kansai Nerolac Paints Ltd Q2FY18
Standalone Results Q2FY18: (Rs. in crore)
|EBITDA Margin (%)||19||152|
|Net Profit (adjusted)||144.6||3.8|
Kansai Nerolac Paints’ standalone revenue for the quarter came in at Rs. 1164 crore, registering 2.7% yoy increase.
EBITDA for the quarter rose by 11.6% yoy to Rs. 221 crore with a corresponding margin expansion of 152 bps. EBITDA margin for the quarter stood at 19%. This margin expansion was aided by favourable movements in inventories.
The PAT for the quarter came in at Rs. 144.6 crore, yoy increase of 3.8%.
The company is hopeful that with the implementation of GST and its broader acceptance coupled with good monsoon, demand should be healthy across segments. However, raw material prices and its availability will continue to remain a concern due to larger geo political issues.
Kansai Nerolac Paints Ltd is currently trading at Rs. 485.65, down by 2.85 points or 0.58% from its previous closing of Rs. 488.50 on the BSE.
The scrip opened at Rs. 491 and has touched a high and low of Rs. 496.65 and Rs. 482.20 respectively. So far 2,59,330(NSE+BSE) shares were traded on the counter. The stock is currently trading below its 50 DMA.
BSE 507.50 13.20 (2.67%)
NSE 510.65 15.70 (3.17%)
***Note: This is a NSE Chart
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