AKZO NOBEL Announces Quarterly Results (3QFY21); Net Profit Up 13.5%

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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 ChangeYoY Change
Net SalesRs m7,2706,0697,74627.6%6.5%
Other incomeRs m725857-1.4%-20.6%
TurnoverRs m7,3426,1277,80427.4%6.3%
ExpensesRs m6,1105,0236,39627.3%4.7%
Gross profitRs m1,1951,0461,35029.2%13.0%
DepreciationRs m1931872049.1%5.9%
InterestRs m31263325.9%5.9%
Profit before taxRs m1,0448901,17131.5%12.2%
TaxRs m27422829730.5%8.5%
Profit after taxRs m77066387431.8%13.5%
Gross profit margin%16.417.217.4
Effective tax rate%26.225.625.4
Net profit margin%10.510.811.2
* 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 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.

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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.

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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 (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.

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