AKZO NOBEL Announces Quarterly Results (1QFY20); Net Profit Up 31.3%

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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 ChangeYoY Change
Net SalesRs m7,1577,0567,1972.0%0.6%
Other incomeRs m9115279-47.8%-13.1%
TurnoverRs m7,2487,2087,2760.9%0.4%
ExpensesRs m6,4326,0216,1632.4%-4.2%
Gross profitRs m7251,0351,034-0.1%42.7%
DepreciationRs m1491852029.3%35.8%
InterestRs m9825232.9%184.3%
Profit before taxRs m658995886-10.9%34.6%
TaxRs m2232913158.0%41.0%
Profit after taxRs m435703571-18.8%31.3%
Gross profit margin%10.114.714.4
Effective tax rate%33.929.335.5
Net profit margin%6.09.87.9
* 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 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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Related Views on News

AKZO NOBEL Announces Quarterly Results (3QFY21); Net Profit Up 13.5% (Quarterly Result Update)

Feb 11, 2021 | Updated on Feb 11, 2021

For the quarter ended December 2020, AKZO NOBEL has posted a net profit of Rs 874 m (up 13.5% YoY). Sales on the other hand came in at Rs 8 bn (up 6.5% YoY). Read on for a complete analysis of AKZO NOBEL's quarterly results.

AKZO NOBEL Announces Quarterly Results (3QFY20); Net Profit Up 27.5% (Quarterly Result Update)

Feb 11, 2020 | Updated on Feb 11, 2020

For the quarter ended December 2019, AKZO NOBEL has posted a net profit of Rs 770 m (up 27.5% YoY). Sales on the other hand came in at Rs 7 bn (down 7.2% YoY). Read on for a complete analysis of AKZO NOBEL's quarterly results.

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