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

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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.

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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.

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

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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.

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