Akzo Nobel India standalone net profit declines 23.19% in the March 2020 quarter

Sales decline 17.62% to Rs 581.27 crore

Net profit of Akzo Nobel India declined 23.19% to Rs 54.03 crore in the quarter ended March 2020 as against Rs 70.34 crore during the previous quarter ended March 2019. Sales declined 17.62% to Rs 581.27 crore in the quarter ended March 2020 as against Rs 705.58 crore during the previous quarter ended March 2019.

For the full year,net profit rose 12.53% to Rs 237.41 crore in the year ended March 2020 as against Rs 210.98 crore during the previous year ended March 2019. Sales declined 8.79% to Rs 2661.81 crore in the year ended March 2020 as against Rs 2918.35 crore during the previous year ended March 2019.

ParticularsQuarter EndedYear EndedMar. 2020Mar. 2019% Var.Mar. 2020Mar. 2019% Var.Sales581.27705.58 -18 2661.812918.35 -9 OPM %14.9514.67 -14.2411.73 - PBDT101.78117.93 -14 407.40380.07 7 PBT82.6199.45 -17 328.39314.91 4 NP54.0370.34 -23 237.41210.98 13

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