2024-11-08 12:15:38 :
AkzoNobel India second quarter results live broadcast: AkzoNobel India announced its second quarter results on November 7, 2024, with both revenue and profit increasing year-on-year. The company’s revenue increased by 2.72% compared with the same period last year, and its profit increased by 3.93%.
However, compared with the previous quarter, AkzoNobel India’s revenue fell by 5.21%, and its profit dropped significantly by 14.57%. This points to a challenging sequential environment for the company.
The company’s selling, general and administrative expenses fell 2.03% sequentially but increased 4.83% year-over-year, reflecting the impact of inflation and operating adjustments.
Operating income also faced challenges, falling 15.57% month-on-month, but growing slightly by 2.9% year-on-year. This suggests that while the company has grown compared to last year, recent results have not met previous expectations.
Second quarter earnings per share (EPS) were $21.49, a year-on-year increase of 3.82%. Amid mixed quarterly results, the positive earnings per share growth may provide some comfort to investors.
Looking at market performance, AkzoNobel India returned -5.09% over the past week. However, the stock has performed strongly, returning 69.51% over the past six months and 60.24% year-to-date.
As of November 8, 2024, AkzoNobel India’s market capitalization is $19,026.97 billion rupees, a new 52-week high $4,674 from $2,267. Such a wide range indicates huge swings in the stock’s performance over the past year.
Analysts are cautious about the outlook, with one rating it a “hold” and another a “buy.” The consensus recommendation as of November 8, 2024 is leaning toward “Buy,” suggesting some analysts see growth potential despite recent volatility.
AkzoNobel India Finance
| period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
|---|---|---|---|---|---|
| total revenue | 982.3 | 1036.3 | -5.21% | 956.3 | +2.72% |
| Total Selling/General/Administrative Expenses | 86.8 | 88.6 | -2.03% | 82.8 | +4.83% |
| Depreciation/Amortization | 22.2 | 21.8 | +1.83% | 21.1 | +5.21% |
| total operating expenses | 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 tax | 131.8 | 154.3 | -14.58% | 126.9 | +3.86% |
| net income | 97.9 | 114.6 | -14.57% | 94.2 | +3.93% |
| Diluted normalized earnings per share | 21.49 | 25.17 | -14.62% | 20.7 | +3.82% |
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