Akzo Nobel India Q2 Results Live: Profit Rises by 3.93% YOY
Akzo Nobel India Q2 Results Live: Revenue increased by 2.72% YoY & profit increased by 3.93% YoY.
Akzo Nobel India Q2 Results Live : Akzo Nobel India announced its Q2 results on November 7, 2024, reporting a year-over-year increase in both revenue and profit. The company's topline grew by 2.72% compared to the same quarter last year, while profit rose by 3.93%.
However, when compared to the previous quarter, Akzo Nobel India experienced a decline in revenue by 5.21% and a significant drop in profit by 14.57%. This indicates a challenging environment for the company on a sequential basis.
The company's selling, general, and administrative expenses showed a decrease of 2.03% quarter-on-quarter, though they rose by 4.83% year-over-year, reflecting the impact of inflation and operational adjustments.
Operating income also faced challenges, down 15.57% from the previous quarter, but showing a slight increase of 2.9% year-over-year. This suggests that while the company is growing compared to last year, recent performance has not met prior expectations.
Earnings per share (EPS) for Q2 stood at ₹21.49, marking an increase of 3.82% year-over-year. This positive EPS growth may provide some reassurance to investors amidst the mixed quarterly results.
In terms of market performance, Akzo Nobel India has delivered a return of -5.09% over the past week. However, the stock shows a robust performance with a 69.51% return over the last six months and a 60.24% return year-to-date.
As of November 8, 2024, Akzo Nobel India has a market capitalization of ₹19,026.97 crore, with a 52-week high of ₹4,674 and a low of ₹2,267. This wide range indicates significant volatility in the stock's performance over the past year.
Among analysts, there is a cautious outlook with one rating a 'Hold' and another a 'Buy.' The consensus recommendation as of November 8, 2024, leans towards a 'Buy,' suggesting that some analysts see potential for growth despite recent fluctuations.
Akzo Nobel India Financials
| Period | Q2 | Q1 | Q-o-Q Growth | Q2 | Y-o-Y Growth |
|---|---|---|---|---|---|
| Total Revenue | 982.3 | 1036.3 | -5.21% | 956.3 | +2.72% |
| Selling/ General/ Admin Expenses Total | 86.8 | 88.6 | -2.03% | 82.8 | +4.83% |
| Depreciation/ Amortization | 22.2 | 21.8 | +1.83% | 21.1 | +5.21% |
| Total Operating Expense | 858.1 | 889.2 | -3.5% | 835.6 | +2.69% |
| Operating Income | 124.2 | 147.1 | -15.57% | 120.7 | +2.9% |
| Net Income Before Taxes | 131.8 | 154.3 | -14.58% | 126.9 | +3.86% |
| Net Income | 97.9 | 114.6 | -14.57% | 94.2 | +3.93% |
| Diluted Normalized EPS | 21.49 | 25.17 | -14.62% | 20.7 | +3.82% |
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First Published:8 Nov 2024, 12:15 PM IST
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