+
Berger Paints: Q1 FY24 profit up 39.89%
Paint

Berger Paints: Q1 FY24 profit up 39.89%

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.

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.

Next Story
Infrastructure Urban

Jupiter Opens First EV Showroom in Hyderabad

Jupiter Electric Mobility Pvt Ltd (JEM), the electric commercial vehicle arm of Jupiter Wagons Ltd, has inaugurated its first showroom in New Bowenpally, Secunderabad, Hyderabad. The launch also marks the introduction of its 1.05-tonne four-wheeler electric light commercial vehicle (eLCV), JEM TEZ, to Telangana’s growing logistics and intra-city freight market. This expansion underscores JEM’s commitment to delivering purpose-built sustainable mobility solutions and accelerating the electrification of India’s logistics sector.The new showroom, operated by Arven Motors Pvt Ltd, offers cus..

Next Story
Infrastructure Energy

Premier Energies Launches 620W DCR Solar Modules in India

Premier Energies Limited, one of India’s largest integrated solar manufacturers, has launched its next-generation 620W DCR solar modules using G12R TOPCon technology, now among the most powerful large-format panels available in the country.The new modules, built with Tunnel Oxide Passivated Contact (TOPCon) architecture, deliver superior power density, improved temperature coefficients, and enhanced low-light performance. The rectangular G12R N-type cell design enables higher string power and balance-of-system optimisation, making the panels suitable for utility-scale projects as well as com..

Next Story
Infrastructure Energy

ONGC Starts Gas Sales from Rajasthan Chinnewala Tibba Block

Oil and Natural Gas Corporation Limited (ONGC) has commenced natural gas sales from the Discovered Small Field (DSF-II) Block RJ/ONDSF/Chinnewala/2018, marking the successful monetisation of the Chinnewala Tibba field in the Rajasthan Kutch Onland Exploratory Asset (RKOEA). Gas sales officially began on 25 August 2025.This development highlights ONGC’s commitment to boosting domestic energy production and strengthening India’s energy security under the guidance of the Ministry of Petroleum and Natural Gas. Located in western Rajasthan, close to the Indo-Pakistan border, the Chinnewala Tibb..

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Talk to us?