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 Transport

01 Jun 2026

MMRDA advances 250 m on Orange Gate–Marine Drive tunnel

The Mumbai Metropolitan Region Development Authority (MMRDA) has completed 250 m of underground tunnelling for the Orange Gate–Marine Drive Urban Road Tunnel using India’s largest slurry shield tunnel boring machine (TBM) deployed for an urban road project.The project involves twin tunnels extending over 7 km beneath critical transport corridors, including Central Railway, Western Railway and Metro Line 3. The work requires high-precision engineering to navigate densely developed urban infrastructure.Once completed, the tunnel is expected to reduce travel time between Orange Gate and Marin..

Hindustan Zinc Pays Rs 188.46 Billion in FY26

Hindustan Zinc contributed Rs 188.46 billion to the public exchequer in FY 2025-26, according to its 9th Tax Transparency Report. The contribution, equivalent to 46 per cent of the company’s revenue, included direct and indirect taxes, government royalties, dividends to the Government of India, withholding taxes and other statutory levies.The company’s five-year cumulative contribution to the exchequer stood at Rs 915.72 billion. In FY26, Hindustan Zinc reported revenue of Rs 408.44 billion, EBITDA of Rs 221.62 billion and profit after tax of Rs 138.32 billion. It also achieved its highest..

World of Concrete India 2026 Opens in Mumbai

Informa Markets in India will host the 12th edition of World of Concrete India 2026 from 3–5 June 2026 at the Bombay Exhibition Centre, Mumbai. The specialised B2B exhibition will bring together manufacturers, suppliers, contractors, developers, architects, consultants, infrastructure companies, project leaders and government stakeholders.The event is expected to feature over 350 brands and more than 18,000 trade professionals. It will cover concrete and cement, dry mortar, precast technologies, formwork, construction chemicals, industrial and commercial flooring, scaffolding, safety solutio..