Akzo Nobel Ltd suffers net loss of Rs 20 cr for Q1FY21

New Delhi: Paints maker Akzo Nobel Ltd suffered a consolidated net loss of Rs 20 crore for the first quarter of the current fiscal as compared to a net profit of Rs 57 crore in the corresponding quarter of the previous fiscal.

The consolidated revenues from operations fell 64 percent to Rs 258 crore for the first quarter of the current fiscal as compared to Rs 719 crore in the corresponding quarter of the previous fiscal. 

The consolidated total expenses of the company declined to Rs 291 crore for the first quarter of the current fiscal as compared to Rs 639 crore in the corresponding quarter of the previous fiscal, the company said in a regulatory filing.

 

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