HT Bureau
Guwahati, May 12: Kansai Nerolac Paints Limited (KNPL) at its board meeting held recently, announced its audited results for the quarter and year ended March 31, 2022. For the quarter, the company earned net revenue from operations of Rs 1412.8 crores, a growth of 4.2% over the corresponding quarter of the previous year. For the year, the company earned Net Revenue from operations of Rs 5948.9 crores, a growth of 24.7% over the corresponding period of the previous year.
EBIDTA was at Rs 82.9 Crores, a de-growth of 59.9% over Q4 of 2020-21. PAT was at Rs 24.5 Crore, a de-growth of 80.9% over Q4 of 2020-21. For the year EBITDA was at Rs 647.3 Crores, a de-growth of 23.3% over the previous year. PAT for the year was Rs 374.3 Crores, a de-growth of 29.5% over the previous year.
Commenting on the results, Anuj Jain, managing director, Kansai Nerolac Paints Ltd said, “The quarter witnessed an impact in terms of demand for decorative items on account of the steep price increase towards the end of Q3 FY 21-22. In Automotive, Passenger Vehicles demand was good though impacted because of supply-side constraints. On raw material costs, the quarter continued to witness inflationary pressures along with volatility in crude and exchange rates on account of the tough geopolitical situation globally. Overall demand situation is expected to remain healthy, and the company remains positive and well poised to do better. It is expected that price increases taken in FY 21-22 will accrue in the coming year. Company will strive for more price increases in Industrial.”
