Berger Paints net profit declines 8% to Rs 253 cr in Q3 FY22

On Wednesday, Berger Paints India Ltd had reported an 8% decline in its consolidated net profit to Rs 252.97 crore for the December 2021 quarter.

The operational revenue of the company from the period between October and December 2021 had increased by 20.42 % to Rs 2,550.77 crore, in comparison with Rs 2,118.19 crore in the same period last year.

Berger Paints in a regulatory filing said that during the same period last year the company had recorded a net profit of Rs 274.98 crore.

The company’s revenue from their operations in the October-December 2021 period witnessed a rise of 20.42% which is Rs 2,550.77 crore, which was Rs 2,118.19 crore in the same period last year.

In December 2021 the total expenses of Berger Paints India were Rs 2,228.56 crore. There is an increase of 26.26% when compared to Rs 1,764.94 crore in the last year.

On Wednesday the shares of Berger Paints India Limited on the Bombay Stock Exchange (BSE) stood at Rs 722.55, which increased by 0.62% in comparison with their previous closing.

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