The Board of Directors of Kansai Nerolac Paints Limited has, in its meeting held today i.e. on Tuesday, 6th May, 2025, inter alia considered and approved: The Audited Standalone and Consolidated Financial Results of the Company for the quarter and financial year ended 31st March, 2025; Recommendation of dividend of 375% (Rs. 3.75 per share) which includes special dividend of 125% (Rs. 1.25 per share) for the financial year ended 31st March, 2025. This is same as dividend paid for the financial year ended 31st March, 2024. A press release issued on the Audited Financial Results is also enclosed herewith.
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Kansai Nerolac Paints' Board, at its meeting on May 6, 2025, approved the audited standalone and consolidated financial results for the quarter and financial year ended March 31, 2025. Standalone revenue from operations rose modestly to Rs. 7,496.71 crore in FY25 from Rs. 7,393.30 crore in FY24, while standalone profit after tax (after exceptional items) declined to Rs. 1,021.24 crore from Rs. 1,182.87 crore. Consolidated PAT fell more sharply to Rs. 662.27 crore from Rs. 1,142.95 crore, mainly due to impairments in subsidiaries in Bangladesh and Sri Lanka. The Board recommended a total dividend of 375% (Rs. 3.75 per share), including a special dividend of 125% (Rs. 1.25 per share), unchanged from the previous year. Statutory auditors S R B C & Co LLP issued an unqualified opinion on the results.
The unchanged dividend provides steady income for shareholders, while flat revenue and declining profits (despite a one-time property sale gain) suggest margin pressure in the core paints business. The large impairment in overseas subsidiaries is a red flag for the international segment and may weigh on investor sentiment, though the company remains fundamentally cash-generative with a clean audit report.