Akzo Nobel India Ltd : Q4FY17 Results

Akzo Nobel India Ltd reported its results for the quarter ended March 31, 2017, today.

The company's total sales for Q4FY17 came in at Rs 703.41 crore, which represents a 3.73 per cent sequential decline and 10.05 per cent YoY increase.

Its operating profit (EBIT) for the quarter amounted to Rs 60.38 crore and its EBIT margin stood at 8.58 per cent.

The company reported PAT of Rs 72.6 crore, which represents a sequential QoQ increase of 5.99 per cent and a YoY increase of 18.24 per cent.
 
During financial year 2016-17, the company posted revenue growth of 7 per cent yoy to Rs 2825 crore and during the same period its net profit rose 15.4 per cent yoy to Rs 247 crore.

AkzoNobel India ltd is an India based paint manufacturing company. The company operates in two business segments: paint and other. The company manufactures and markets paints, specialty chemicals and starch.