Kansai Nerolac Paints Ltd Announces Q3 Results FY 2019-2020

02 Feb 2020

Mumbai, January 31, 2020: Kansai Nerolac Paints Limited (KNPL), one of the leading Paint companies in India, today at the Board meeting announced its un-audited results for the third quarter of financial year 2019-20. For the quarter, the company declared Net revenue of Rs. 1248.1 Crores a de-growth of 7.6 % over the corresponding quarter of the previous year. For the nine months ending December 31, 2019, the company had a Net revenue of Rs. 3955.1 Crores a de-growth of 1.6 % over the corresponding period of the previous year.

EBIDTA was at Rs. 191.9 crores a growth of 8.4 % over the same quarter of the previous year. Lower Tax has resulted in Net profit growth of 8.8%. For the nine months ending December 31, 2019, company reported an EBITDA of Rs. 653.8 Crores a growth of 10.4% over the same period last year. Net profit growth was up by 23.9 %.

Commenting on the results, Mr. H. M. Bharuka, Vice Chairman and Managing Director, Kansai Nerolac Paints Ltd said, “Both Decorative and Industrial business have seen a dip in demand in the current quarter. Within Industrial, in Automotive, where the company has a significant exposure, the impact continues to be very severe due to the continued un-precedented slowdown. The company’s decorative sales were impacted due to lower offtake during the festival season and extended monsoons.

During the quarter, input costs were stable. This along with judicious control on costs has helped improve the EBITDA margin by 230 basis points. Exchange rate and crude oil prices continued to show volatility creating challenges in raw material cost management. Looking forward, the demand in Decorative business would be positive but expected to be muted. Challenges of demand in Industrial are expected to continue for the near future.”

news More

From Waste to Resource The Evolution of Recycling Techniques in a Circular Economy

20 Nov 2024

Plastic waste management remains a great concern across the globe, there are millions of tons of waste accumulated annually and the conventional recycling methods don’t suffice. There are plenty of challenges in the segment such as mixed plastic streams, contamination, and limited recyclability of certain materials. Therefore, the demand for innovative techniques has emerged to overcome these barriers. Some cutting-edge solutions such as molecular recycling, enzymatic processes, and advanced sor Read More

Green hydrogen revolution and innovative pathways Exploring India s INR 200 crore green hydrogen initiative

15 Nov 2024

India has taken a bold step forward with the ambitious National Green Hydrogen Mission and this transformative initiative launched by the Ministry of New and Renewable Energy(MNRE). The announcements about the pilot projects sound very ambitious and enriching, and they are expected to redefine the way energy is produced, consumed and emphasize local resource utilization and reduce infrastructure dependency. These initiatives are considered and seen as a cornerstone of the country’s clean energy Read More

From Low-Margin to High-Value Transforming India s Chemical Industry through lessons from China s global leadership in chemicals

14 Nov 2024

Indian chemical sector stands at a crossroads. The rapidly expanding economy and global demand for specialized, high-valued chemicals are creating a unique opportunity to reshape the sector for the future. India should move beyond traditional, low-margin chemical production to become a global leader in innovation and sustainability. However, the country can take valuable lessons from China’s recent transformation, showcasing the impact of strategic investments in high-tech manufacturing, digital Read More

Exciting news in Green chemistry Mitsubishi chemical s BENEBiOL now stronger and greener with new biobased grades

11 Nov 2024

Companies are paving the way for sustainable innovation in the manufacturing of polyurethane resins. In that context, Mitsubishi has pioneered creating sustainable materials for polyurethane resins. While the previous grades were already catering the applications in the industries that required enhanced durability such as wind energy, that employed coatings to protect wind turbine blades, the new HSS and NLDS grades with over 80% biobased content with excellent properties have created a boom in Read More

International Conference and Exhibition - Exploring India s Dollar 15 Billion Investment Surge in Syngas and Nitrogen Projects

08 Nov 2024

The Nitrogen and Syngas industries are witnessing substantial change and innovation. The industry is driven by evolving energy standards, the push for sustainability and impressive advancements in technologies. Considering the significance of the context, the international nitrogen + syngas conference has become an essential meeting, as it fulfils the satiety of industry professionals craving insights about the industry and offers them a unique platform for knowledge exchange, networking and exp Read More

New Era in Electronics Tosoh s GaN Sputtering Target Could Fuel India s 5G and Data Center Expansion

07 Nov 2024

Think of data centres, electric vehicles, and consumer electronics. What do they hold in common? They are all dependent on GaN. Industries are striving to reduce energy consumption and becoming more critical towards efficient power conversion and loss. What can be done better here? This has been a point of debate ever since the industries are witnessing growth in diversified applications and demand for more efficient and smaller electronic devices. In this article, we have proudly shared and exp Read More