AKZO NOBEL Announces Quarterly Results (1QFY22); Net Profit Up 474.7%

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AKZO NOBEL Announces Quarterly Results (1QFY22); Net Profit Up 474.7%
Mon, 16 Aug

AKZO NOBEL has announced its results for the quarter ended June 2021. Here is a detailed performance review of the same:

AKZO NOBEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-20*
3
Mar-21*
3
Jun-21*
QoQ ChangeYoY Change
Net SalesRs m2,5857,8146,264-19.8%142.3%
Other incomeRs m60589769.2%62.2%
TurnoverRs m2,6457,8716,361-19.2%140.5%
ExpensesRs m2,7116,6765,358-19.7%97.6%
Gross profitRs m-1261,138905-20.4%
DepreciationRs m175189180-4.9%2.7%
InterestRs m30152785.5%-8.8%
Profit before taxRs m-271992796-19.7%
TaxRs m-6824937-85.2%
Profit after taxRs m-2037437592.2%
Gross profit margin%-4.914.614.5
Effective tax rate%25.225.14.6
Net profit margin%-7.79.411.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 142.3% on a year-on-year (YoY) basis. The expenses were up by 97.6% YoY during the same period.
  • The company's operating profit declined by 818.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.5% in 1QFY22 as against 4.9% in 1QFY21.
  • Depreciation charges increased by 2.7% and finance costs declined by 8.8% YoY, respectively.
  • Other income increased by 62.2% YoY during the quarter.
  • Net profit for the quarter increased by 474.7% YoY. Net profit margins during the quarter increased from -7.7% in 1QFY21 to 11.9% in 1QFY22.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 19.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 19.7% QoQ during the same period.
  • The company's operating profit declined by 20.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.5% in 1QFY22 as against 14.6% in 4QFY21.
  • Net profit for the quarter increased by 2.2% QoQ, while net profit margins increased from 9.4% in 4QFY21 to 11.9% in 1QFY22.

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

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AKZO NOBEL Share Price Performance

Over the last one year, AKZO NOBEL share price has moved up from Rs 2,003.6 to Rs 2,227.9, registering a Gain of Rs 224.4 or around 11.2%.

Overall, the S&P BSE SENSEX is up 44.9% over the year.

Current Valuations

At the current price of Rs 2,227.9, the price to earnings (P/E) ratio of AKZO NOBEL stands at 33.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.9 times.

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AKZO NOBEL Announces Quarterly Results (4QFY21); Net Profit Up 37.3% (Quarterly Result Update)

Jul 8, 2021 | Updated on Jul 8, 2021

For the quarter ended March 2021, AKZO NOBEL has posted a net profit of Rs 742 m (up 37.3% YoY). Sales on the other hand came in at Rs 8 bn (up 34.4% YoY). Read on for a complete analysis of AKZO NOBEL's quarterly results.

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.

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