Kansai Nerolac paints good picture

Kansai Nerolac hit a new high today at Rs.2081.80 with volumes more than doubling up. It has come off the highs but remains strongly in the green.

The company posted a robust 41% (YoY) jump in net profit at Rs.73 crore purely on the back of efficient operations. Net sales rose 17% at Rs.915 crore. The market was more enthused with the jump in EBITDA margin, up from 11.74% to 13.15%. Operating costs during the quarter were up 14%. The company ended H1FY15 with a net profit at Rs.146 crore, up 29%. With the festive season on, it is usually Q2 and Q3 which are the best. Thus the same enthusing performance is expected to continue into next quarter also.