AKZO NOBEL Announces Quarterly Results (2QFY20); Net Profit Up 34.0%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

AKZO NOBEL Announces Quarterly Results (2QFY20); Net Profit Up 34.0%
Tue, 12 Nov

AKZO NOBEL has announced its results for the quarter ended September 2019. Here is a detailed performance review of the same:

AKZO NOBEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m7,1387,1976,338-11.9%-11.2%
Other incomeRs m817967-15.9%-17.3%
TurnoverRs m7,2197,2766,405-12.0%-11.3%
ExpensesRs m6,4866,1635,610-9.0%-13.5%
Gross profitRs m6571,034728-29.6%10.9%
DepreciationRs m1532022040.8%33.1%
InterestRs m5252811.1%497.9%
Profit before taxRs m580886563-36.4%-2.8%
TaxRs m21231571-77.6%-66.7%
Profit after taxRs m368571493-13.8%34.0%
Gross profit margin%9.214.411.5
Effective tax rate%36.635.512.5
Net profit margin%5.17.97.7
* 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 11.2% on a year-on-year (YoY) basis. The expenses were down by 13.5% YoY during the same period.
  • The company's operating profit increased by 10.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 11.5% in 2QFY20 as against 9.2% in 2QFY19.
  • Depreciation charges increased by 33.1% and finance costs increased by 497.9% YoY, respectively.
  • Other income declined by 17.3% YoY during the quarter.
  • Net profit for the quarter increased by 34.0% YoY. Net profit margins during the quarter increased from 5.1% in 2QFY19 to 7.7% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 11.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 9.0% QoQ during the same period.
  • The company's operating profit declined by 29.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 11.5% in 2QFY20 as against 14.4% in 1QFY19.
  • Net profit for the quarter declined by 13.8% QoQ, while net profit margins declined from 7.8% in 1QFY19 to 7.7% in 2QFY20.

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

Revealed: How to Claim Bhambwani's 'Fast Profits' Book, Free

AKZO NOBEL Share Price Performance

Over the last one year,AKZO NOBEL share price has moved up from Rs 1,586.8 to Rs 1,968.1, registering a Gain of Rs 381.3 or around 24.0%.

Overall, the S&P BSE SENSEX is up 15.9% over the year.

Current Valuations

At the current price of Rs 1,968.1, the price to earnings (P/E) ratio of AKZO NOBEL stands at 39.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.3 times.

Equitymaster requests your view! Post a comment on "AKZO NOBEL Announces Quarterly Results (2QFY20); Net Profit Up 34.0%". Click here!

  

Related Views on News

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.

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

Aug 13, 2019 | Updated on Aug 13, 2019

For the quarter ended June 2019, AKZO NOBEL has posted a net profit of Rs 571 m (up 31.3% YoY). Sales on the other hand came in at Rs 7 bn (up 0.6% YoY). Read on for a complete analysis of AKZO NOBEL's quarterly results.

AKZO NOBEL 2017-18 Annual Report Analysis (Annual Result Update)

Apr 3, 2019 | Updated on Apr 3, 2019

Here's an analysis of the annual report of AKZO NOBEL for 2017-18. It includes a full income statement, balance sheet and cash flow analysis of AKZO NOBEL. Also includes updates on the valuation of AKZO NOBEL.

More Views on News

Most Popular

6 Charts Showing the State of Indian Financial Markets in 2020(Sector Info)

May 26, 2020

Six charts showing how Indian financial markets have performed in 2020 so far...

This 'Essential Product' Smallcap is a Must Have for a 'Covid-19' Immune Portfolio(Profit Hunter)

May 19, 2020

This smallcap company needs no stimulus measures to do well in the long term.

What the RBI's Rate Cut Means for Options Traders(Fast Profits Daily)

May 25, 2020

The RBI governor has cut the repo rate to 4%. What does this mean for options traders? Find out in this video.

Which Stocks Should You Buy, Sell, and Hold in the Market Today?(Profit Hunter)

May 21, 2020

The coronavirus led uncertainty refuses to go away from the markets. Here's what retail investors should do with their stocks...

More

India's #1 Trader
Reveals His Secrets

The Secret to Increasing Your Trading Profits Today
Get this Special Report, The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

AKZO NOBEL SHARE PRICE


May 29, 2020 (Close)

TRACK AKZO NOBEL

  • Track your investment in AKZO NOBEL with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

COMPARE AKZO NOBEL WITH

MARKET STATS