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- AKZO NOBEL Announces Quarterly Results (3QFY21); Net Profit Up 13.5%
AKZO NOBEL Announces Quarterly Results (3QFY21); Net Profit Up 13.5%
Thu, 11 Feb
AKZO NOBEL has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:
AKZO NOBEL Quarterly Financials
| No. of Mths Qtr. Ending | 3 Dec-19* | 3 Sep-20* | 3 Dec-20* | QoQ Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 7,270 | 6,069 | 7,746 | 27.6% | 6.5% |
| Other income | Rs m | 72 | 58 | 57 | -1.4% | -20.6% |
| Turnover | Rs m | 7,342 | 6,127 | 7,804 | 27.4% | 6.3% |
| Expenses | Rs m | 6,110 | 5,023 | 6,396 | 27.3% | 4.7% |
| Gross profit | Rs m | 1,195 | 1,046 | 1,350 | 29.2% | 13.0% |
| Depreciation | Rs m | 193 | 187 | 204 | 9.1% | 5.9% |
| Interest | Rs m | 31 | 26 | 33 | 25.9% | 5.9% |
| Profit before tax | Rs m | 1,044 | 890 | 1,171 | 31.5% | 12.2% |
| Tax | Rs m | 274 | 228 | 297 | 30.5% | 8.5% |
| Profit after tax | Rs m | 770 | 663 | 874 | 31.8% | 13.5% |
| Gross profit margin | % | 16.4 | 17.2 | 17.4 | ||
| Effective tax rate | % | 26.2 | 25.6 | 25.4 | ||
| Net profit margin | % | 10.5 | 10.8 | 11.2 |
Interim results exclude extraordinary / exceptional items
Year-on-Year Performance:
- The company's operating income during the quarter grew 6.5% on a year-on-year (YoY) basis. The expenses were up by 4.7% YoY during the same period.
- The company's operating profit increased by 13.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.4% in 3QFY21 as against 16.4% in 3QFY20.
- Depreciation charges increased by 5.9% and finance costs increased by 5.9% YoY, respectively.
- Other income declined by 20.6% YoY during the quarter.
- Net profit for the quarter increased by 13.5% YoY. Net profit margins during the quarter increased from 10.5% in 3QFY20 to 11.2% in 3QFY21.
Quarter-on-Quarter Performance:
- The company's operating income during the quarter grew 27.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 27.3% QoQ during the same period.
- The company's operating profit increased by 29.2% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.4% in 3QFY21 as against 17.2% in 2QFY20.
- Net profit for the quarter increased by 31.8% QoQ, while net profit margins increased from 10.8% in 2QFY20 to 11.2% in 3QFY21.
To see how AKZO NOBEL has performed over the last eight quarters,please visit here.
Revealed: 3 Stocks for Potentially Massive Gains
AKZO NOBEL Share Price Performance
Over the last one year, AKZO NOBEL share price has moved up from Rs 2,171.6 to Rs 2,204.1, registering a Gain of Rs 32.5 or around 1.5%.
Overall, the S&P BSE SENSEX is up 25.8% over the year.
Current Valuations
At the current price of Rs 2,204.1, the price to earnings (P/E) ratio of AKZO NOBEL stands at 56.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 9.3 times.
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, 2020For 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 (2QFY20); Net Profit Up 34.0% (Quarterly Result Update)
Nov 12, 2019 | Updated on Nov 12, 2019For 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.
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