Berger Paints records 1% marginal drop in net profit in Q2 FY22

11 Nov 2021 CW Team

Berger Paints India has registered a marginal drop of 1% in its consolidated net profit for the quarter ended September 2021.

Its profit after tax (PAT) reached Rs 219.21 crore in Q2 FY22 compared to Rs 221.05 crore it registered in the similar quarter of the preceding fiscal, the firm said in a BSE filing.

The firm's net consolidated total revenue reached Rs 2,238 crore, a growth of 27% from Rs 1,765.73 crore it recorded in a corresponding quarter in 2020.

During the quarter, the shareholders have passed a final dividend of Rs 2.80 (280%) per equity share of Re. 1 each for the financial year ended March 31, 2021, at the annual general meeting conducted on August 27, 2021.

Income from operations for the half-year ended September 30, 2021, was Rs. 4,023.50 crore, a surge of 50.51% from Rs 2,673.31 crore registered in a corresponding quarter the previous year.

Net profit for the half-year ended September 30, 2021, surged by 52.32% and reached Rs 359.69 crore compared to Rs. 236.14 crore it recorded in a similar quarter last year.

Image Source

Also read: Berger Paints Q1 results: Net profit at Rs 140 crore

Infrastructure Urban

28 Oct 2025

PM GatiShakti Group Reviews Key Infrastructure Projects

The Network Planning Group (NPG) under the PM GatiShakti initiative recently convened its 66th meeting to review and assess 10 infrastructure projects aimed at improving multimodal connectivity across the country. The reviewed projects span sectors including roads, railways, ports, and urban development. Officials from the Ministries of Road Transport and Highways, Railways, Ports, Shipping and Waterways, Housing and Urban Affairs, and other key departments participated in the review. The deliberations focused on enhancing synergy between ministries to ensure last-mile connectivity, efficient..

HC green-lights redevelopment of ‘infamous’ Pratibha Tower in Mumbai

The Bombay High Court has declined to halt the redevelopment of the infamous Pratibha Tower in Mumbai’s Breach Candy area, allowing the housing society to move forward with the long-pending project. The petition opposing the redevelopment was dismissed after the court found no substantial reason to delay the process. The ruling marks a crucial step toward resolving one of South Mumbai’s most controversial housing redevelopment cases, plagued by years of litigation and structural concerns. With the court’s approval, the society can now proceed with reconstruction under approved developm..

BEML, Tesmec Partner to Introduce Advanced Surface Miners

BEML has signed a Memorandum of Understanding (MoU) with Italy-based Tesmec S.p.A. to introduce advanced surface miner technology for Indian mining operations. The collaboration seeks to enhance productivity, reduce environmental impact, and promote sustainable mining practices through state-of-the-art equipment designed for precision excavation and reduced dust emissions. Under the agreement, both companies will explore localisation opportunities to manufacture surface miners and allied equipment in India, aligning with the ‘Make in India’ initiative. The partnership will also focus on d..