Industry News

Kansai Nerolac Paints Limited Shows Excellent Performance for 2007-08

Published on 2008-05-05. Author : SpecialChem

Mumbai -- Kansai Nerolac Paints Limited has announced its audited financial results for the year ended 31st March 2008. The Company has registered a Top line growth of 9.5% at Rs.377.88 crores, in the IV Quarter, as compared to Rs345.06 crores in the previous year, same period.

The Profit before Depreciation, Interest & Tax (PBDIT) posted for the IV quarter is of Rs.40.51 crores as against Rs. 36.23 crores in the previous year, same period, registering 11.8% increase. On cumulative basis, for the full year the gross sale registered is of Rs 1613.33 crores, an increase of 8.7% per cent, as compared to Rs1483.86 crores for the previous year.

The Company has posted PBDIT of Rs.186.55 crores, as against Rs.171.44 crores in the previous year and up by 8.8%. The Profit before Tax for year is Rs.170.39 crores as compared to Rs.160.97 crores in the previous year, a growth of 5.9%. The Profit after Tax for the year is Rs. 119.79 crores against Rs.107.66 crores in previous year with a growth of 11.3%

Commenting on the performance of the company, Mr. H. M. Bharuka, Managing Director, Kansai Nerolac Paints Ltd, said " The top line growth of 8.7%, this year, is led by Decorative business well supported by growth in Emulsions. The growth in industrial has been low with visible slow down in automobile industry, on account of negative growth in 2wheelers. Availability of funds for loans by the banks & growing interest rates has hampered growth of automobile industry, thus our business. The growth in High performance Coatings and Powder coatings business has been good. Going forward we feel the slow down impact in automobile may continue to impact our business for some more time. With housing & infrastructure likely to do well, decorative should do better."

About Kansai Nerolac Paints Limited:

Kansai Nerolac Paints has been at the forefront of paint manufacturing for more than 87 years pioneering a wide spectrum of quality paints. Kansai Nerolac is the second largest paint company in India and undisputed leader in Industrial & Powder Coating business, having a turnover of Rs1613 crores. The company has four strategically located manufacturing units all over India and a strong dealer network of over 11000 dealers across the country. The company manufactures a diversified range of products ranging from architectural coatings for homes, offices, hospitals and hotels to sophisticated industrial coatings for most of the industries.

Source: Kansai Nerolac Paints Limited

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