Berger Paints: Q1 FY24 profit up 39.89%

11 Aug 2023 CW Team

Berger Paints has marked an impressive 39.89% surge in its net consolidated profit during the quarter ending on June 30, 2023. The company's profit after tax for Q1 FY24 amounted to $3.5491 billion, a remarkable increase from the $2.5371 billion registered in the corresponding quarter of the previous fiscal year, as stated in its BSE filing.

During Q1 FY24, the company's net consolidated total income stood at $30.4309 billion, signifying a substantial growth of 9.75% compared to the $27.7274 billion recorded in the analogous quarter of the previous year.

Abhijit Roy, MD and CEO of Berger Paints, expressed his satisfaction with the company's performance, highlighting the double-digit growth in both volume and value within the decorative business segment. Roy stated, "Our operating profit to sales % has also increased substantially to 18.8%, marking a growth of 37.5% and a 2-year CAGR of 52.5%. This Q1 performance has surpassed our typical operating profit range of 16-18%, reflecting the robust growth achieved. The decorative segment witnessed mid-teen volume growth and double-digit value growth."

The company's board of directors has given the nod for the issuance of one bonus equity share with a face value of Re 1 each for every five equity shares of the same face value.

As of June 30, 2023, Berger Paints' net worth stood at $46.1665 billion, with a debt-equity ratio of 0.16, a current liability ratio of 0.86, total debts to total assets ratio of 0.10, an operating margin of 16.21%, and a net profit margin of 11.91%. The company's Q1 performance exemplifies its commitment to consistent growth and financial stability.

Infrastructure Urban

05 Nov 2025

TBO Tek Q2 Profit Climbs 12%, Revenue Surges 26% YoY

TBO Tek Limited one of the world’s largest travel distribution platforms, reported a solid performance for Q2 FY26 with a 26 per cent year-on-year increase in revenue to Rs 5.68 billion, reflecting broad-based growth and improving profitability.The company recorded a Gross Transaction Value (GTV) of Rs 8,901 crore, up 12 per cent YoY, driven by strong performance across Europe, MEA, and APAC regions. Adjusted EBITDA before acquisition-related costs stood at Rs 1.04 billion, up 16 per cent YoY, translating into an 18.32 per cent margin compared to 16.56 per cent in Q1 FY26. Profit after tax r..

Northern Graphite, Rain Carbon Secure R&D Grant for Greener Battery Materials

Northern Graphite Corporation and Rain Carbon Canada Inc, a subsidiary of Rain Carbon Inc, have jointly received up to C$860,000 (€530,000) in funding under the Canada–Germany Collaborative Industrial Research and Development Programme to develop sustainable battery anode materials.The two-year, C$2.2 million project aims to transform natural graphite processing by-products into high-performance, battery-grade anode material (BAM). Supported by the National Research Council of Canada Industrial Research Assistance Programme (NRC IRAP) and Germany’s Federal Ministry for Economic Affairs a..

Antony Waste Q2 Revenue Jumps 16%; Subsidiary Wins Rs 3,200 Cr WtE Projects

Antony Waste Handling Cell Limited (AWHCL), a leading player in India’s municipal solid waste management sector, announced a 16 per cent year-on-year increase in total operating revenue to Rs 2.33 billion for Q2 FY26. The growth was driven by higher waste volumes, escalated contracts, and strong operational execution.EBITDA rose 18 per cent to Rs 570 million, with margins steady at 21.6 per cent, while profit after tax stood at Rs 173 million, up 13 per cent YoY. Revenue from Municipal Solid Waste Collection and Transportation (MSW C&T) reached Rs 1.605 billion, and MSW Processing re..