Akzo Nobel India Limited Announces Unaudited Consolidated and Standalone Earnings Results for the Quarter and Audited Consolidated and Standalone Earnings Results for the Year Ended March 31, 2020
June 20, 2020 at 06:27 pm IST
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Akzo Nobel India Limited announced unaudited consolidated and standalone earnings results for the quarter and audited consolidated and standalone earnings results for the year ended March 31, 2020 For the quarter, the standalone company reported revenue from operations was INR 5,812.7 million against INR 7,055.8 million a year ago. Profit for the period from operation was INR 540 million against INR 703.4 million a year ago a year ago. Total income was INR 5,970.8 million against INR 7,207.9 million a year ago. Basic earnings per share from operation was INR 11.86 against INR 15.45 a year ago.
For the year, the standalone company reported revenue from operations was INR 26,618.1 million against INR 19,183.5 million a year ago. Profit for the period from operation was INR 2,374.1 million against INR 2,109.8 million a year ago. Total income was INR 26,994.3 million against INR 29,605.7 million a year ago. Basic earnings per share from operation was INR 52.13 against INR 45.96 a year ago.
For the quarter, the consolidated company reported revenue from operations was 5,812.7 million against INR 7,055.8 million a year ago. Profit for the period from operation was INR 540.8 million against INR 703.4 million a year ago a year ago. Total income was INR 5,970.8 million against INR 7,207.9 million a year ago. Basic earnings per share from operation was INR 11.86 against INR 15.45 a year ago.
For the year, the consolidated company reported revenue from operations was INR 26,618.1 million against INR 29,183.5 million a year ago. Profit for the period from operation was INR 2,374.6 million against INR 2,110.0 million a year ago. Total income was INR 26,994.3 million against INR 29,605.7 million a year ago. Basic earnings per share from operation was INR 52.13 against INR 45.96 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 Announces Unaudited Consolidated and Standalone Earnings Results for the Quarter and Audited Consolidated and Standalone Earnings Results for the Year Ended March 31, 2020