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Akzo Nobel India - The show has well begun in CY21 - ICICI Securities
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Akzo Nobel India Limited board recommends final dividend of Rs 30
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Akzo Nobel India Ltd reports consolidated PAT of Rs 74 25 crore in Q4FY21
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Akzo Nobel India Limited board recommends interim dividend of Rs. 20
Posted On: 2021-02-09 04:17:11 (Time Zone: Arizona, USA)
The Board of Directors of Akzo Nobel India Limited, at its meeting held today, has considered and recommended interim dividend of Rs 20/- (Rupees twenty only) per equity share for the financial year 2020-21. This dividend shall be payable within 30 days from today.
The board has fixed Friday, February 19, 2021 as the Record Date for determining entitlement of members to interim dividend for the financial year 2020-21. A member, whose name is recorded in the Register of Members or in the Register of Beneficial Owners maintained by the Depositories as on the close of business hours of Friday, February 19, 2020, shall be entitled for this dividend.
AkzoNobel India announces Q3 FY 2020-21 results
Posted On: 2021-02-09 04:43:24 (Time Zone: Arizona, USA)
Akzo Nobel India, a leading Paints and Coatings company and maker of Dulux Paints, today at the Board meeting announced its unaudited financial results for the quarter ended December 31, 2020.
Q3 FY21 versus Q3 FY20
- Revenue from operations at ₹ 774.6 crore, up by 7.2%
- Highest reported quarterly EBIT at ₹114.6 crore, up 18%
- Profit after tax (PAT) at ₹ 87.4 crore up 14%. PAT growth mirrored EBIT growth at 19% excluding exceptional income in previous year
Commenting on the quarter performance, Rajiv Rajgopal, Managing Director, Akzo Nobel India said, The revival in the Indian economy as well as the festive demand helped drive revenue growth in Paints, Powder, Marine and Packaging Coatings businesses leading to a strong double-digit volume growth. Segments like power and oil & gas were impacted, while Real Estate has started to see an uptick. We have augment