Akzonobel posts Q2 results

Total income grows 70 per cent Q-on-Q.

Akzo Nobel India Limited posted unaudited results for the second quarter ending September 2012. The total income for the quarter stood at Rs 5113 million as against Rs 3015 million, posting a QoQ growth of 70 per cent. While Earnings from Operations were Rs 263 million as against Rs 171 million rupees; a QoQ growth of 54 per cent. The company posted Profit after tax (PAT) of Rs 448 million for the quarter as against Rs 263 million; a QoQ increase of 70 per cent.

Amit Jain, Managing Director, Akzo Nobel India said, “All Coatings and Chemical business segments continue to demonstrate robust growth propelled by new product innovations and capacity additions. Due to uncertain market conditions, our businesses have taken appropriate measures on containing costs to protect margins.”