AkzoNobel India announces Q3 FY 2018-19 results

May 03 2019    

AkzoNobel India announces Q3 FY 2018-19 results


Today, the Board of Directors of Akzo Nobel India Limited approved the unaudited financial results for the quarter ended December 31, 2018.


Performance Highlights

Q3 2018-19 vs Q3 2017-18
  •     Revenue from operations at ₹783 crore grew 10%
  •     Profit after tax at ₹60.4 crore grew 5% on a comparable* basis
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* Profit after tax in the previous year included tax refunds and interest thereon


Comments

Rajiv Rajgopal, Managing Director, AkzoNobel India:

  • Topline grew in double digits during the quarter. However, margins were impacted due to high input cost and competitive intensity.
  • The company continues to drive its objective of improving its margins and profitability by enriching its product mix and effective cost management.
  • AkzoNobel continued its positive engagement with community programs. Recently, we launched a partnership with SOS Children’s Villages of India as part of a global partnership between AkzoNobel and SOS Children’s Villages International. The initiative is designed to use education and renovation to drive a positive impact on youth unemployment and aims to uplift the lives of young people under the care of SOS Children’s Villages.