AkzoNobel India announces Q1 FY 2019-20 results

August 08 2019    

AkzoNobel India announces Q1 FY 2019-20 results

Today, the Board of Directors of Akzo Nobel India Limited approved the unaudited financial results for the quarter ended June 30, 2019.


Performance Highlights

Q1 FY20 versus Q1 FY19
  •    Revenue from operations at ₹ 720 crore, up 1%
  •    Profit from operations at ₹ 89 crore, up 35%
  •     Profit after tax at ₹ 57 crore, up 31%


Comments

The company continues to:


Rajiv Rajgopal, Managing Director, AkzoNobel India:

  • focus on delivering consistent profit growth through improved product mix and cost control;
  • see growth in decorative paints and protective coatings. However, slowdown in automotive industry and other industrial segments has impacted the overall revenue growth; and
  • make progress in its CSR/ Sustainability agenda across painter training, education, road safety and healthcare programmes.


AkzoNobel India set up e-Health clinics in Bengaluru, benefiting over 1,500 people from economically weaker sections of society, recognized by the company’s global “Winning Together Awards”. In addition, AkzoNobel India has also been awarded the prestigious Golden Globe Tigers award for skill development initiatives.