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AKZO NOBEL Announces Quarterly Results (4QFY19); Net Profit Up 52.4%

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AKZO NOBEL Announces Quarterly Results (4QFY19); Net Profit Up 52.4%
Tue, 7 May

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

AKZO NOBEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m7,0047,8337,056-9.9%0.7%
Other incomeRs m1289815255.4%19.1%
TurnoverRs m7,1327,9317,208-9.1%1.1%
ExpensesRs m6,3056,8216,021-11.7%-4.5%
Gross profitRs m6991,0141,0352.1%48.0%
DepreciationRs m15016518512.0%23.2%
InterestRs m17238-67.4%-53.9%
Profit before taxRs m6609239957.7%50.6%
TaxRs m199320291-8.9%46.6%
Profit after taxRs m46260470316.5%52.4%
Gross profit margin%10.012.914.7
Effective tax rate%30.134.629.3
Net profit margin%6.57.69.8
* 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 0.7% on a year-on-year (YoY) basis. The expenses were down by 4.5% YoY during the same period.
  • The company's operating profit increased by 48.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.7% in 4QFY19 as against 10.0% in 4QFY18.
  • Depreciation charges increased by 23.2% and finance costs declined by 53.9% YoY, respectively.
  • Other income increased by 19.1% YoY during the quarter.
  • Net profit for the quarter increased by 52.4% YoY. Net profit margins during the quarter increased from 6.5% in 4QFY18 to 9.8% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 9.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 11.7% QoQ during the same period.
  • The company's operating profit increased by 2.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.7% in 4QFY19 as against 12.9% in 3QFY18.
  • Net profit for the quarter increased by 16.5% QoQ, while net profit margins increased from 7.6% in 3QFY18 to 9.8% in 4QFY19.

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 1,917.0 to Rs 1,679.4, registering a Loss of Rs 237.6 or around 12.4%.

Overall, the S&P BSE SENSEX is up 9.8% over the year.

Current Valuations

At the current price of Rs 1,679.4, the price to earnings (P/E) ratio of AKZO NOBEL stands at 38.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 6.2 times.

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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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