AKZO NOBEL Announces Quarterly Results (4QFY21); Net Profit Up 37.3%

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AKZO NOBEL Announces Quarterly Results (4QFY21); Net Profit Up 37.3%
Thu, 8 Jul

AKZO NOBEL has announced its results for the quarter ended March 2021. Here is a detailed performance review of the same:

AKZO NOBEL Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-20*
3
Dec-20*
3
Mar-21*
QoQ ChangeYoY Change
Net SalesRs m5,8137,7467,8140.9%34.4%
Other incomeRs m15857580.7%-63.6%
TurnoverRs m5,9717,8047,8710.9%31.8%
ExpensesRs m4,9436,3966,6764.4%35.0%
Gross profitRs m7821,3501,138-15.7%45.5%
DepreciationRs m192204189-7.3%-1.3%
InterestRs m93315-55.5%57.6%
Profit before taxRs m7391,171992-15.3%34.1%
TaxRs m199297249-16.2%25.4%
Profit after taxRs m541874743-15.0%37.3%
Gross profit margin%13.517.414.6
Effective tax rate%26.925.425.1
Net profit margin%9.111.29.4
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Accord Fintech, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 34.4% on a year-on-year (YoY) basis. The expenses were up by 35.0% YoY during the same period.
  • The company's operating profit increased by 45.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 4QFY21 as against 13.5% in 4QFY20.
  • Depreciation charges declined by 1.3% and finance costs increased by 57.6% YoY, respectively.
  • Other income declined by 63.6% YoY during the quarter.
  • Net profit for the quarter increased by 37.3% YoY. Net profit margins during the quarter increased from 9.1% in 4QFY20 to 9.4% in 4QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.9% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.4% QoQ during the same period.
  • The company's operating profit declined by 15.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.6% in 4QFY21 as against 17.4% in 3QFY20.
  • Net profit for the quarter declined by 15.0% QoQ, while net profit margins declined from 11.2% in 3QFY20 to 9.4% in 4QFY21.

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

Check Out: Why Millions of Dollars are Getting Pumped into this Sector?

AKZO NOBEL Share Price Performance

Over the last one year, AKZO NOBEL share price has moved up from Rs 1,846.6 to Rs 2,313.9, registering a Gain of Rs 467.4 or around 25.3%.

Overall, the S&P BSE SENSEX is up 43.7% over the year.

Current Valuations

At the current price of Rs 2,313.9, the price to earnings (P/E) ratio of AKZO NOBEL stands at 50.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 8.5 times.

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For the quarter ended June 2021, AKZO NOBEL has posted a net profit of Rs 759 m (up 474.7% YoY). Sales on the other hand came in at Rs 6 bn (up 142.3% YoY). Read on for a complete analysis of AKZO NOBEL's quarterly results.

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

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