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- AKZO NOBEL Announces Quarterly Results (1QFY20); Net Profit Up 31.3%
AKZO NOBEL Announces Quarterly Results (1QFY20); Net Profit Up 31.3%
Tue, 13 Aug
AKZO NOBEL has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:
AKZO NOBEL Quarterly Financials
| No. of Mths Qtr. Ending | 3 Jun-18* | 3 Mar-19* | 3 Jun-19* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 7,157 | 7,056 | 7,197 | 2.0% | 0.6% |
| Other income | Rs m | 91 | 152 | 79 | -47.8% | -13.1% |
| Turnover | Rs m | 7,248 | 7,208 | 7,276 | 0.9% | 0.4% |
| Expenses | Rs m | 6,432 | 6,021 | 6,163 | 2.4% | -4.2% |
| Gross profit | Rs m | 725 | 1,035 | 1,034 | -0.1% | 42.7% |
| Depreciation | Rs m | 149 | 185 | 202 | 9.3% | 35.8% |
| Interest | Rs m | 9 | 8 | 25 | 232.9% | 184.3% |
| Profit before tax | Rs m | 658 | 995 | 886 | -10.9% | 34.6% |
| Tax | Rs m | 223 | 291 | 315 | 8.0% | 41.0% |
| Profit after tax | Rs m | 435 | 703 | 571 | -18.8% | 31.3% |
| Gross profit margin | % | 10.1 | 14.7 | 14.4 | ||
| Effective tax rate | % | 33.9 | 29.3 | 35.5 | ||
| Net profit margin | % | 6.0 | 9.8 | 7.9 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 0.6% on a year-on-year (YoY) basis. The expenses were down by 4.2% YoY during the same period.
- The company's operating profit increased by 42.7% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.4% in 1QFY20 as against 10.1% in 1QFY19.
- Depreciation charges increased by 35.8% and finance costs increased by 184.3% YoY, respectively.
- Other income declined by 13.1% YoY during the quarter.
- Net profit for the quarter increased by 31.3% YoY. Net profit margins during the quarter increased from 6.0% in 1QFY19 to 7.9% in 1QFY20.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 2.0% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.4% QoQ during the same period.
- The company's operating profit declined by 0.1% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 1QFY20 as against 14.7% in 4QFY19.
- Net profit for the quarter declined by 18.8% QoQ, while net profit margins declined from 9.8% in 4QFY19 to 7.9% in 1QFY20.
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 down from Rs 1,741.3 to Rs 1,719.0, registering a Loss of Rs 22.3 or around 1.3%.
Overall, the S&P BSE SENSEX is down 1.3% over the year.
Current Valuations
At the current price of Rs 1,719.0, the price to earnings (P/E) ratio of AKZO NOBEL stands at 36.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.4 times.
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