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Akzo Nobel Q2 PAT seen up 5.5% YoY to Rs. 43.9 cr: ICICI Securities

Net Sales are expected to increase by 8 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 821.5 crore, according to ICICI Securities.

October 11, 2017 / 05:26 PM IST
Akzo Nobel India Q1 | Loss at Rs 20.26 crore versus profit Rs 57.14 crore, revenue at Rs 258.5 crore versus Rs 719.6 crore YoY. (Image: Reuters)

Akzo Nobel India Q1 | Loss at Rs 20.26 crore versus profit Rs 57.14 crore, revenue at Rs 258.5 crore versus Rs 719.6 crore YoY. (Image: Reuters)

 
 
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ICICI Securities has come out with its second quarter (July-September) earnings estimates for the Paints sector. The brokerage house expects Akzo Nobel to report net profit at Rs. 43.9 crore up 5.5% year-on-year (11.7% quarter-on-quarter).


Net Sales are expected to increase by 8 percent Y-o-Y (up 3.8 percent Q-o-Q) to Rs. 821.5 crore, according to ICICI Securities.


Earnings before interest, tax, depreciation and amortization (EBITDA) are likely to rise by 0.3 percent Y-o-Y (up 4.7 percent Q-o-Q) to Rs. 69.7 crore.


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first published: Oct 11, 2017 05:21 pm

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