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

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 (3QFY20); Net Profit Up 27.5%
Tue, 11 Feb

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

AKZO NOBEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m7,8336,3387,27014.7%-7.2%
Other incomeRs m9867727.6%-26.6%
TurnoverRs m7,9316,4057,34214.6%-7.4%
ExpensesRs m6,8215,6106,1108.9%-10.4%
Gross profitRs m1,0147281,19564.2%17.9%
DepreciationRs m165204193-5.3%16.8%
InterestRs m2328319.6%32.2%
Profit before taxRs m9235631,04485.3%13.0%
TaxRs m32071274287.8%-14.3%
Profit after taxRs m60449377056.3%27.5%
Gross profit margin%12.911.516.4
Effective tax rate%34.612.526.2
Net profit margin%7.67.710.5
* 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 7.2% on a year-on-year (YoY) basis. The expenses were down by 10.4% YoY during the same period.
  • The company's operating profit increased by 17.9% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.4% in 3QFY20 as against 12.9% in 3QFY19.
  • Depreciation charges increased by 16.8% and finance costs increased by 32.2% YoY, respectively.
  • Other income declined by 26.6% YoY during the quarter.
  • Net profit for the quarter increased by 27.5% YoY. Net profit margins during the quarter increased from 7.6% in 3QFY19 to 10.5% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 14.7% on a quarter-on-quarter (QoQ) basis. The expenses were up by 8.9% QoQ during the same period.
  • The company's operating profit increased by 64.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 16.4% in 3QFY20 as against 11.5% in 2QFY19.
  • Net profit for the quarter increased by 56.3% QoQ, while net profit margins increased from 7.7% in 2QFY19 to 10.5% in 3QFY20.

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

Get Details: First Stock to Potentially Accumulate Rs 7 Crore Long-term Wealth

AKZO NOBEL Share Price Performance

Over the last one year,AKZO NOBEL share price has moved up from Rs 1,700.6 to Rs 2,087.0, registering a Gain of Rs 386.4 or around 22.7%.

Overall, the S&P BSE SENSEX is up 13.7% over the year.

Current Valuations

At the current price of Rs 2,087.0, the price to earnings (P/E) ratio of AKZO NOBEL stands at 39.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.8 times.

Equitymaster requests your view! Post a comment on "AKZO NOBEL Announces Quarterly Results (3QFY20); Net Profit Up 27.5%". Click here!

  

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 (2QFY20); Net Profit Up 34.0% (Quarterly Result Update)

Nov 12, 2019 | Updated on Nov 12, 2019

For the quarter ended September 2019, AKZO NOBEL has posted a net profit of Rs 492 m (up 34.0% YoY). Sales on the other hand came in at Rs 6 bn (down 11.2% 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

Intraday Trading for a Living(Fast Profits Daily)

Feb 15, 2021

In this video, I'll cover your queries on intraday trading and also share my view on how to decide stop losses and target prices.

Penny Stock Master Series: The Quest for 10X Profits in 10 Years(Profit Hunter)

Feb 12, 2021

This is first of the three part master series. In these editorials, I'll show you how to earn 10X returns from a penny stock portfolio over 10 years.

Top 5 Stocks Mutual Funds Bought and Sold in January 2021(Sector Info)

Feb 16, 2021

A look at what India's top equity mutual funds bought and sold in January 2021.

I Would Recommend this Small-cap Stock Over Tesla(Profit Hunter)

Feb 16, 2021

Do you enjoy reading Tesla and Bitcoin stories? Here's a not so famous small-cap stock to profit from the rise of EVs.

More

India's #1 Trader
Reveals His Secrets

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


Feb 25, 2021 03:36 PM

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