Akzo Nobel India Limited Reports Unaudited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2017 and Audited Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2017
May 18, 2017 at 07:59 am EDT
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Akzo Nobel India Limited reported unaudited standalone earnings results for the fourth quarter ended March 31, 2017 and audited standalone and consolidated earnings results for the full year ended March 31, 2017. For the quarter, on standalone basis, the company reported sales/income from operations of INR 7,771.6 million compared to INR 7,079.2 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 603.4 million compared to INR 742.4 million a year ago. Profit before tax was INR 798.0 million compared to INR 937.0 million a year ago. Net profit was INR 726.4 million compared to INR 614.9 million a year ago. Basic and diluted earnings per share were INR 15.6 compared to INR 13.2 a year ago.
For the year, on standalone basis, the company reported sales/income from operations of INR 31,099.1 million compared to INR 29,107.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,923.7 million compared to INR 2,498.2 million a year ago. Profit before tax was INR 3,423.6 million compared to INR 3,142.4 million a year ago. Net profit was INR 2,470.0 million compared to INR 2,141.9 million a year ago. Basic and diluted earnings per share were INR 52.9 compared to INR 45.9 a year ago.
For the year, on consolidated basis, the company reported sales/income from operations of INR 31,099.2 million compared to INR 29,107.9 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,923.7 million compared to INR 2,498.2 million a year ago. Profit before tax was INR 3,423.6 million compared to INR 3,142.4 million a year ago. Net profit was INR 2,470.2 million compared to INR 2,141.9 million a year ago. Basic and diluted earnings per share were INR 52.9 compared to INR 45.9 a year ago.
Akzo Nobel India Limited is an India-based coatings company, which is engaged in the business of manufacturing, trading, and selling of paints and related products. Its business unit includes Decorative Paints, Automotive & Specialty Coatings (ASC), Powder Coatings, Industrial Coatings, Marine & Protective Coatings. Decorative Paints business offers a range of products, including paints, lacquers, and varnishes. It also supplies a range of mixing machines, color concepts and training initiatives to the building and renovation industry. ASC provides coating solutions for various industries in India such as automotive original equipment manufacturer coatings, consumer electronics coatings, vehicle refinishes and specialty coatings. The Company's powder coatings are a sustainable alternative to liquid coatings. The Industrial Coatings business includes coil and extrusion coatings, packaging coatings, wood finishes and adhesives. Its portfolio includes brands, such as Dulux, and Interp.
Akzo Nobel India Limited Reports Unaudited Standalone Earnings Results for the Fourth Quarter Ended March 31, 2017 and Audited Standalone and Consolidated Earnings Results for the Full Year Ended March 31, 2017