Akzo Nobel India Ltd reports consolidated PAT of Rs. 74.25 crore in Q4FY21

Akzo Nobel India Limited has reported financial results for the period ended March 31, 2021.

Financial Results (Q4 FY20-21) - QoQ Comparison

The company has reported total income of Rs.787.10 crores during the period ended March 31, 2021 as compared to Rs.780.35 crores during the period ended December 31, 2020.

The company has posted net profit / (loss) of Rs.74.25 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.87.37 crores for the period ended December 31, 2020.

The company has reported EPS of Rs.16.31 for the period ended March 31, 2021 as compared to Rs.19.18 for the period ended December 31, 2020.

Financials	Q4 FY20-21	Q3 FY20-21	% Change
Total Income	₹ 787.10 crs	₹ 780.35 crs	0.86%
Net Profit	₹ 74.25 crs	₹ 87.37 crs	-15.02%
EPS	₹ 16.31	₹ 19.18	-14.96%

Financial Results (Q4 FY20-21) - YoY Comparison

The company has reported total income of Rs.787.10 crores during the period ended March 31, 2021 as compared to Rs.597.08 crores during the period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.74.25 crores for the period ended March 31, 2021 as against net profit / (loss) of Rs.54.08 crores for the period ended March 31, 2020.

The company has reported EPS of Rs.16.31 for the period ended March 31, 2021 as compared to Rs.11.87 for the period ended March 31, 2020.

Financials	Q4 FY20-21	Q4 FY19-20	% Change
Total Income	₹ 787.10 crs	₹ 597.08 crs	31.82%
Net Profit	₹ 74.25 crs	₹ 54.08 crs	37.3%
EPS	₹ 16.31	₹ 11.87	37.41%

Financial Results (Year ended FY 20-21) - YoY Comparison

The company has reported total income of Rs.2444.60 crores during the 12 months period ended March 31, 2021 as compared to Rs.2699.43 crores during the 12 months period ended March 31, 2020.

The company has posted net profit / (loss) of Rs.207.64 crores for the 12 months period ended March 31, 2021 as against net profit / (loss) of Rs.237.46 crores for the 12 months period ended March 31, 2020.

The company has reported EPS of Rs.45.60 for the 12 months period ended March 31, 2021 as compared to Rs.52.13 for the 12 months period ended March 31, 2020.

Financials	Year Ended FY20-21	Year Ended FY19-20	% Change
Total Income	₹ 2444.60 crs	₹ 2699.43 crs	-9.44%
Net Profit	₹ 207.64 crs	₹ 237.46 crs	-12.56%
EPS	₹ 45.60	₹52.13	-12.53%

Rajiv Rajgopal, Managing Director, AkzoNobel India: "The trend of recovery was sustained, with the quarter bringing a strong finish to a challenging year. Paints, Powder, and Automotive and Specialty Coatings saw strong growth, although we faced headwinds in oil and gas segment. While the businesses reported strong double-digit volume growth during the quarter, demand for the same period last year was impacted by COVID-19 (impacting the year-on-year comparison)."

Raw material cost inflation is expected to continue, although profitability improved due to revenue development and value engineering initiatives.

"In terms of our full-year performance, revenue was 9% lower during 2020-21, with the second half partially offsetting the adverse impact of the first half. Margins were close to the previous year's level, as a result of cost discipline and transformation initiatives".

Although the industry outlook remains positive, the second wave of COVID-19 infections presents a challenging environment in the short-term. Adds Rajgopal: "Employee safety and welfare continue to be our top priority."

Shares of Akzo Nobel India Limited was last trading in BSE at Rs.2270.8 as compared to the previous close of Rs. 2220.25. The total number of shares traded during the day was 4050 in over 686 trades.

The stock hit an intraday high of Rs. 2273.7 and intraday low of 2222. The net turnover during the day was Rs. 9142985.

Source : Equity Bulls

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