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AKZO NOBEL Announces Quarterly Results (3QFY19); Net Profit Down 24.2%

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AKZO NOBEL Announces Quarterly Results (3QFY19); Net Profit Down 24.2%
Mon, 4 Feb

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

AKZO NOBEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m7,1207,1387,8339.7%10.0%
Other incomeRs m182819821.2%-46.3%
TurnoverRs m7,3027,2197,9319.9%8.6%
ExpensesRs m6,1306,4866,8215.2%11.3%
Gross profitRs m9906571,01454.4%2.4%
DepreciationRs m1431531657.8%15.8%
InterestRs m8523395.7%210.7%
Profit before taxRs m1,02258092359.3%-9.7%
TaxRs m22521232050.6%41.9%
Profit after taxRs m79736860464.3%-24.2%
Gross profit margin%13.99.212.9
Effective tax rate%22.036.634.6
Net profit margin%10.95.17.6
* 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 10.0% on a year-on-year (YoY) basis. The expenses were up by 11.3% YoY during the same period.
  • The company's operating profit increased by 2.4% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 12.9% in 3QFY19 as against 13.9% in 3QFY18.
  • Depreciation charges increased by 15.8% and finance costs increased by 210.7% YoY, respectively.
  • Other income declined by 46.3% YoY during the quarter.
  • Net profit for the quarter declined by 24.2% YoY. Net profit margins during the quarter declined from 10.9% in 3QFY18 to 7.6% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 9.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 5.2% QoQ during the same period.
  • The company's operating profit increased by 54.4% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 12.9% in 3QFY19 as against 9.2% in 2QFY18.
  • Net profit for the quarter increased by 64.3% QoQ, while net profit margins increased from 5.1% in 2QFY18 to 7.6% in 3QFY19.

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 1,800.0 to Rs 1,719.7, registering a Loss of Rs 80.3 or around 4.5%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 1,719.7, the price to earnings (P/E) ratio of AKZO NOBEL stands at 44.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.7 times.

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Related Views on News

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

Nov 12, 2018 | Updated on Nov 12, 2018

For the quarter ended September 2018, AKZO NOBEL has posted a net profit of Rs 368 m (down 5.3% YoY). Sales on the other hand came in at Rs 7 bn (up 1.3% 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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