Akzo Nobel India reports Profit after tax of Rs 367.50 Mln, in the September 2018 quarter

The September 2018 quarter revenue stood at Rs. 7138.00 millions, up 8.38% as compared to Rs. 6585.80 millions during the corresponding quarter last year.The Company`s Net profit for the September 2018 quarter have declined marginally to Rs. 367.50  millions as against Rs. 386.50 millions reported during the corresponding quarter ended.The company reported a good operating profit of 732.80 millions compared to 703.20 millions of corresponding previous quarter. (Rs. in Million)   Quarter ended Year to Date Year ended   201809 201709 % Var 201809 201709 % Var 201803 201703 % Var Sales 7138.00 6585.80 8.38 14294.90 13804.30 3.55 27928.40 28701.90 -2.69 Other Income 80.80 77.80 3.86 172.20 145.40 18.43 437.90 489.50 -10.54 PBIDT 732.80 703.20 4.21 1548.70 1430.20 8.29 3429.30 3774.80 -9.15 Interest 4.70 6.50 -27.69 13.60 11.00 23.64 35.00 31.90 9.72 PBDT 732.60 696.70 5.15 1539.60 1439.20 6.98 3414.30 3780.60 -9.69 Depreciation 153.00 148.70 2.89 301.80 289.70 4.18 582.20 543.10 7.20 PBT 579.60 548.00 5.77 1237.80 1149.50 7.68 2832.10 3237.50 -12.52 TAX 212.10 161.50 31.33 435.20 352.00 23.64 775.00 896.50 -13.55 Deferred Tax -14.10 -7.00 101.43 -39.60 0.10 -39700.00 16.70 -126.60 -113.19 PAT 367.50 386.50 -4.92 802.60 797.50 0.64 2057.10 2341.00 -12.13 Equity 455.40 466.60 -2.40 466.60 466.60 0.00 466.60 466.60 0.00 PBIDTM(%) 10.27 10.68 -3.85 10.83 10.36 4.57 12.28 13.15 -6.64

Akzo Nobel India reports Profit after tax of Rs 435.10 Mln, in the June 2018 quarter

A slight decline in the revenue of Rs. 7156.90 millions was seen for the June 2018 quarter as against Rs. 7218.50 millions during year-ago period.Net profit stood at Rs. 435.10  millions  compared to Rs. 411.00 millions in the corresponding previous quarter,high by 5.86%.Operating profit surged to 815.90 millions from the corresponding previous quarter of 727.00 millions. (Rs. in Million)   Quarter ended Year to Date Year ended   201806 201706 % Var 201806 201706 % Var 201803 201703 % Var Sales 7156.90 7218.50 -0.85 7156.90 7218.50 -0.85 27928.40 28701.90 -2.69 Other Income 91.40 67.60 35.21 91.40 67.60 35.21 437.90 489.50 -10.54 PBIDT 815.90 727.00 12.23 815.90 727.00 12.23 3429.30 3774.80 -9.15 Interest 8.90 4.50 97.78 8.90 4.50 97.78 35.00 31.90 9.72 PBDT 807.00 742.50 8.69 807.00 742.50 8.69 3414.30 3780.60 -9.69 Depreciation 148.80 141.00 5.53 148.80 141.00 5.53 582.20 543.10 7.20 PBT 658.20 601.50 9.43 658.20 601.50 9.43 2832.10 3237.50 -12.52 TAX 223.10 190.50 17.11 223.10 190.50 17.11 775.00 896.50 -13.55 Deferred Tax -25.50 7.10 -459.15 -25.50 7.10 -459.15 16.70 -126.60 -113.19 PAT 435.10 411.00 5.86 435.10 411.00 5.86 2057.10 2341.00 -12.13 Equity 466.60 466.60 0.00 466.60 466.60 0.00 466.60 466.60 0.00 PBIDTM(%) 11.40 10.07 13.19 11.40 10.07 13.19 12.28 13.15 -6.64

Akzo Nobel gains on receiving nod to sell Specialty Chemicals Business

The company has received an approval for sale and transfer of Specialty Chemicals Business as going concern on a slump sale basis