Kansai Nerolac Paints Reports Flat Q3 FY24-25 Results Amid Mixed Financial Indicators
Kansai Nerolac Paints has announced its financial results for Q3 FY24-25, reporting stable earnings per share at Rs 8.42, the highest in five quarters. However, profit before tax declined to Rs 172.61 crore, and the debtors turnover ratio fell to its lowest in recent periods, indicating potential challenges ahead.
Kansai Nerolac Paints has released its financial results for the quarter ending December 2024, showcasing a flat performance for Q3 FY24-25. The company has experienced an adjustment in its evaluation, with its score shifting to -1 from -4 over the past three months.The financial data reveals that Kansai Nerolac achieved its highest earnings per share (EPS) in the last five quarters, reaching Rs 8.42, indicating a positive trend in profitability and enhanced earnings for shareholders. However, the profit before tax (PBT), excluding other income, has shown a decline, recorded at Rs 172.61 crore, which is a decrease of 7.0% compared to the average PBT of the previous four quarters. This suggests a negative near-term trend in PBT.
Additionally, the company's debtors turnover ratio has reached its lowest point in the last five half-yearly periods at 4.69 times, indicating a slowdown in the pace of settling its debtors. On a positive note, non-operating income has peaked at Rs 41.53 crore, although this increase may not be sustainable in the long run.
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