Akzo Nobel India announces full year results for 2017-18

Performance highlights
Year ended 31 March 2018
· Revenue from operations was ₹ 2,965 crore vs ₹ 2,825 crore of the previous
year on a comparable basis
· Profit after Tax including Exceptional items was ₹401 cr vs ₹ 247 crore of
the previous year
Q4 FY18 versus Q4 FY17
· Revenue from operations was ₹ 772 crore vs ₹ 705 crore of the corresponding
quarter of the previous year on a comparable basis;
· PAT was ₹ 238 crore as compared to ₹ 73 crore of the corresponding quarter
of the previous year.
Comments
Amit Jain, Chairman, Akzo Nobel India:
“2017-18 has been a year of transformation for Akzo Nobel India following the separation of
Specialty Chemicals business. A share buyback programme has been initiated for the benefit
of the public shareholders of Akzo Nobel India Limited. In line with the company’s Dividend
policy, the Board has recommended of dividend of ₹ 22 per share (previous year ₹ 22 per
share).”
Jayakumar Krishnaswamy, Managing Director, Akzo Nobel India:
“Operating in a challenging business environment, we have delivered improved performance
both in terms of revenue and profit. Transition to GST and high raw material costs impacted
business performance. We continued our focus on product innovations, operational
excellence programs and commitment to sustainability.
Further, our Coatings manufacturing capacity was enhanced with commissioning of a new
powder coating facility at Thane in February 2018.”