Akzo Nobel India Ltd's Q3FY25 Quarter Results
- 08 Feb 2025
Result Summary
- Akzo Nobel India Ltd reported a 6.6% quarter-on-quarter (QoQ) increase in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 1.5%.
- Its expenses for the quarter were up by 5.9% QoQ and 2.3% YoY.
- The net profit increased 10.9% QoQ and decreased 4.6% YoY.
- The earnings per share (EPS) of Akzo Nobel India Ltd stood at 23.9 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1056.50 | 991.40 | 1041.10 | 6.6% | 1.5% |
Total Expenses | 910.30 | 859.60 | 889.60 | 5.9% | 2.3% |
Profit Before Tax | 146.20 | 131.80 | 151.50 | 10.9% | -3.5% |
Tax | 37.60 | 33.90 | 37.70 | 10.9% | -0.3% |
Profit After Tax | 108.60 | 97.90 | 113.80 | 10.9% | -4.6% |
Earnings Per Share | 23.90 | 21.50 | 25.00 | 11.2% | -4.4% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
Akzo Nobel India Ltd is a leading player in the Indian paint and coatings industry. The company is part of AkzoNobel, a global leader in the manufacture of paints and coatings, headquartered in the Netherlands. Akzo Nobel India Ltd offers a wide range of products, including decorative paints, performance coatings, and specialty chemicals, catering to various segments such as automotive, marine, and protective coatings. The company is known for its well-established brands and its commitment to sustainability and innovation. While there is no detailed information on recent major developments from the provided data, Akzo Nobel India Ltd typically focuses on expanding its market presence and enhancing its product offerings through continuous research and development.
Revenue
In the third quarter of fiscal year 2025, Akzo Nobel India Ltd reported a total income of ₹1056.50 crores. This represents an increase of 6.6% compared to the previous quarter (Q2FY25), where the total income was ₹991.40 crores. On a year-over-year basis, the total income saw a modest increase of 1.5% from ₹1041.10 crores in the same quarter of the previous year (Q3FY24). The steady growth in total income indicates a positive revenue trend for the company in the current financial year, reflecting its ability to maintain and slightly enhance its revenue generation capabilities despite potential market challenges.
Profitability
Akzo Nobel India Ltd's profitability metrics for Q3FY25 show a Profit Before Tax (PBT) of ₹146.20 crores, reflecting a quarter-on-quarter growth of 10.9% from ₹131.80 crores in Q2FY25. However, when compared to the same quarter of the previous year (Q3FY24), the PBT experienced a decline of 3.5% from ₹151.50 crores. The company reported a Profit After Tax (PAT) of ₹108.60 crores in Q3FY25, which marks a 10.9% increase from the previous quarter's PAT of ₹97.90 crores. Year-over-year, the PAT decreased by 4.6% from ₹113.80 crores in Q3FY24. The tax expense for the quarter was ₹37.60 crores, showing a consistent quarterly growth of 10.9% and a slight decrease of 0.3% from the previous year's figure.
Operating Metrics
The earnings per share (EPS) for Akzo Nobel India Ltd stood at ₹23.90 in Q3FY25, up by 11.2% from ₹21.50 in Q2FY25. However, there was a year-over-year decline of 4.4% from an EPS of ₹25.00 in Q3FY24. Total expenses for the quarter amounted to ₹910.30 crores, which is a 5.9% increase compared to the previous quarter's expenses of ₹859.60 crores. Compared to Q3FY24, total expenses grew by 2.3% from ₹889.60 crores. The company's ability to manage its expenses while showing an increase in quarterly profitability is reflected in these operating metrics.
