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

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AKZO NOBEL Announces Quarterly Results (2QFY19); Net Profit Down 5.3%
Mon, 12 Nov

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

AKZO NOBEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m7,0457,1577,138-0.3%1.3%
Other incomeRs m819181-11.6%0.4%
TurnoverRs m7,1257,2487,219-0.4%1.3%
ExpensesRs m6,4076,4326,4860.8%1.2%
Gross profitRs m638725657-9.4%2.8%
DepreciationRs m1551491532.8%-1.3%
InterestRs m795-47.2%-27.7%
Profit before taxRs m557658580-11.9%4.0%
TaxRs m170223212-4.9%25.1%
Profit after taxRs m388435368-15.5%-5.3%
Gross profit margin%9.110.19.2
Effective tax rate%30.433.936.6
Net profit margin%5.46.05.1
* 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 1.3% on a year-on-year (YoY) basis. The expenses were up by 1.2% YoY during the same period.
  • The company's operating profit increased by 2.8% YoY during the quarter. Consequently, operating profit margins remained same and stood at 9.2% in 2QFY19.
  • Depreciation charges declined by 1.3% and finance costs declined by 27.7% YoY, respectively.
  • Other income increased by 0.4% YoY during the quarter.
  • Net profit for the quarter declined by 5.3% YoY. Net profit margins during the quarter declined from 5.4% in 2QFY18 to 5.1% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 0.3% on a quarter-on-quarter (QoQ) basis. The expenses were up by 0.8% QoQ during the same period.
  • The company's operating profit declined by 9.4% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.2% in 2QFY19 as against 10.1% in 1QFY18.
  • Net profit for the quarter declined by 15.5% QoQ, while net profit margins declined from 6.0% in 1QFY18 to 5.1% in 2QFY19.

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 1,775.2 to Rs 1,601.2, registering a Loss of Rs 174.0 or around 9.8%.

Overall, the S&P BSE SENSEX is up 5.8% over the year.

Current Valuations

At the current price of Rs 1,601.2, the price to earnings (P/E) ratio of AKZO NOBEL stands at 37.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.1 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 (1QFY19); Net Profit Up 5.4% (Quarterly Result Update)

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, AKZO NOBEL has posted a net profit of Rs 435 m (up 5.4% YoY). Sales on the other hand came in at Rs 7 bn (down 9.5% YoY). Read on for a complete analysis of AKZO NOBEL's quarterly results.

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