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AKZO NOBEL Announces Quarterly Results (1QFY19); Net Profit Up 5.4%

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AKZO NOBEL Announces Quarterly Results (1QFY19); Net Profit Up 5.4%
Mon, 6 Aug

AKZO NOBEL has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

AKZO NOBEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m7,9137,0047,1572.2%-9.5%
Other incomeRs m6812891-28.4%35.0%
TurnoverRs m7,9807,1327,2481.6%-9.2%
ExpensesRs m7,2476,3056,4322.0%-11.2%
Gross profitRs m6866997253.6%5.7%
DepreciationRs m147150149-0.8%1.5%
InterestRs m5179-46.1%97.8%
Profit before taxRs m602660658-0.3%9.3%
TaxRs m18919922312.4%17.8%
Profit after taxRs m413462435-5.8%5.4%
Gross profit margin%8.710.010.1
Effective tax rate%31.530.133.9
Net profit margin%5.26.56.0
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter fell 9.5% on a year-on-year (YoY) basis. The expenses were down by 11.2% YoY during the same period.
  • The company's operating profit increased by 5.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.1% in 1QFY19 as against 8.7% in 1QFY18.
  • Depreciation charges and finance costs increased by 1.5% YoY and 97.8% YoY, respectively.
  • Other income increased by 35.0% YoY during the quarter.
  • Net profit for the quarter increased by 5.4% YoY. Net profit margins during the quarter increased from 5.2% in 1QFY18 to 6.0% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 2.2% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.0% QoQ during the same period.
  • The company's operating profit increased by 3.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 10.1% in 1QFY19 as against 10.0% in 4QFY18.
  • Net profit for the quarter declined by 5.8% QoQ, while net profit margins declined from 6.5% in 4QFY18 to 6.0% in 1QFY19.

To see how AKZO NOBEL has performed over the last eight quarters, please visit here.

AKZO NOBEL Share Price Performance

Over the last one year, AKZO NOBEL share price has moved up from Rs 1,795.2 to Rs 1,849.8, registering a Gain of Rs 54.7 or around 3.0%.

Overall, the S&P BSE SENSEX is up 0.4% over the year.

Current Valuations

At the current price of Rs 1,849.8, the price to earnings (P/E) ratio of AKZO NOBEL stands at 42.6 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 10.5 times.

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Related Views on News

AKZO NOBEL Announces Quarterly Results (3QFY19); Net Profit Down 24.2% (Quarterly Result Update)

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, AKZO NOBEL has posted a net profit of Rs 604 m (down 24.2% YoY). Sales on the other hand came in at Rs 8 bn (up 10.0% YoY). Read on for a complete analysis of AKZO NOBEL's quarterly results.

AKZO NOBEL Announces Quarterly Results (2QFY19); Net Profit Down 5.3% (Quarterly Result Update)

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, AKZO NOBEL has posted a net profit of Rs 368 m (down 5.3% YoY). Sales on the other hand came in at Rs 7 bn (up 1.3% YoY). Read on for a complete analysis of AKZO NOBEL's quarterly results.

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