Gurgaon, October 21, 2011
Today, the Board of Directors of Akzo Nobel India Limited approved the unaudited results for the quarter ended September 30th of the fiscal 2011-12.
Unaudited financial results - Performance Highlights
AKZO NOBEL INDIA LIMITED (Q2 FY 2011-12 as compared to Q2 FY 2010-11)
Total income for the quarter is 3015 million rupees as compared to a total income of 2393 million rupees; a QoQ growth of 26%
Profit before tax (PBT) for the quarter is 323 million rupees as compared to a PBT of 449 million rupees; a QoQ decline of 28%
Profit after tax (PAT) for the quarter is 263 million rupees as compared to a PAT of 365 million rupees; a QoQ decline of 28%
Comments
Amit Jain, Managing Director, Akzo Nobel India Limited
"Our strategy on investing for sustainable growth is yielding results even though the company continues to face cost challenges which are being duly addressed. An investment of about 480 million rupees in our Hyderabad factory has augmented our total manufacturing capacity in India by about 30%."
About Akzo Nobel India Limited
Present in India for 100 years and a significant player in the Paints industry, the Company has primarily operated under the 'Dulux' brand name. Over the years, it witnessed sustained expansion, growth and transformation. In 2008, Akzo Nobel N.V. became owner of the entire equity share capital of Imperial Chemical Industries Ltd., by virtue of which the Company became a member of the AkzoNobel Group. Akzo Nobel India manufactures and markets paints and specialty chemicals. With employee strength of about 1100, Akzo Nobel India has manufacturing sites, offices and distribution network spread across the country. Its commitment to Health, Safety, Environment & Security (HSE&S) has been amongst the best in class globally, with due care being taken to protect the people and the environment.
About Akzo Nobel N.V.
AkzoNobel is the largest global paints and Coatings Company and a major producer of specialty chemicals. We supply industries and consumers worldwide with innovative products and are passionate about developing sustainable answers for our customers. Our portfolio includes well known brands such as Dulux, Sikkens, International and Eka. Headquartered in Amsterdam, the Netherlands, we are a Global Fortune 500 company and are consistently ranked as one of the leaders in the area of sustainability. With operations in more than 80 countries, our 55,000 people around the world are committed to excellence and delivering Tomorrow’s Answers Today™. For more information please visit our website www.akzonobel.com
Media Contacts
Country Communications, Akzo Nobel India:
Humsa Dhir, humsa.dhir@akzonobel.com; +91-124-4852538
Investor Relations, Akzo Nobel India:
R Guha, investor.india@akzonobel.com; +91-124-2540400