Kansai Nerolac Paints Limited — Updates, 05-02-2025: Press Release

Kansai Nerolac Paints Limited has reported its financial results for the quarter and nine months ending December 31, 2024. For the quarter, revenue from operations was ₹1,842.2 Cr, representing a 1.5% growth year-on-year. EBITDA stood at ₹246.9 Cr, growing by 2.9%. Profit before tax (PBT) before exceptional items increased by 7.2% to ₹228.1 Cr. The results include a net profit on the sale of land in Lower Parel amounting to ₹665.4 Cr, alongside a provision for impairment totaling ₹186.3 Cr related to its subsidiaries in Bangladesh and Sri Lanka. After accounting for these items, profit after tax (PAT) surged 234% to ₹526.5 Cr.

For the nine months, net revenue reached ₹5,756.3 Cr, a 0.4% increase, but EBITDA declined 5.6% to ₹796.3 Cr. Despite some pressure in the decorative segment due to inflation and tighter spending, strong performance was noted in the automotive and performance coatings sectors, aided by strategic initiatives driving operational improvements. The company maintains a positive outlook, anticipating that upcoming budget measures will enhance demand within the industry.