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

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.

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