Capitalmind
Capitalmind
Actionable insights on equities, fixed-income, macros and personal finance Start 14-Days Free Trial
Actionable investing insights Get Free Trial
Stocks

Nerolac Paints Net Profits Increase By 33% : Result Analysis

nerolac-logo.jpg

It seems like the paint industry had a good quarter, after the block buster results of Asian Paints, Nerolac has come out with an amazing 33% increase in net profits and 7.36% increase in revenue.

  • Company has increased its operating margin from 13.76% in Q1FY16 to 16.19% in Q1 current year.
  • Other income, which was a less significant amount in Q1FY16, has multiplied by 3.68 times to current level of 21 Crs.
  • The company is completely debt free.
  • For the reported quarter the company has paid 33.63% tax against 31% for the same quarter last year.

Kansai Nerolac Q1FY17 Results
Kansai Nerolac moved 6% in two consecutive trading days, previous day of results it moved by 2.17% due to speculation of good results with the likes of Asian Paints. On the results day the stock moved up by  3.74% at closed at Rs 341.10 due to more than expected results. ICICI Securities was expecting net profit of Rs 112.40 crore from Kansai Nerolac Paints.
Kansai Nerolac Q1FY17 Share Price Movement
You might also like:

divider

Disclaimer

Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.
Disclosure: The authors at Capital Mind have positions in the market and some of them may support or contradict the material given above, or may involve a direction derived from independent analysis.