Berger Paints Q1 results: Net profit at Rs 140 crore
Paint

Berger Paints Q1 results: Net profit at Rs 140 crore

On Friday, Berger Paints India recorded a multi-fold increase in its consolidated net profit to Rs 140.48 crore for the first quarter ended June 30.

In a regulatory filing, Berger Paints India said that the firm had posted a net profit of Rs 15.09 crore during the April-June quarter of the preceding financial year.

Its income from operations during April-June 2021 surged 93.22% to Rs 1,798.49 crore, compared to Rs 930.76 crore in the previous year.

Total expenses were at Rs 1,624.36 crore, a rise of 80.20% against Rs 901.42 crore in the previous year.

The company told the media that the group's business operations during the current quarter were affected due to the Covid-19 pandemic and resulting lockdowns.

It has taken into account the possible effect of Covid-19 in preparation of the financial results, comprising the assessment of the recoverability of its assets.

Additionally, it said that the group would continue to observe any material changes to future economic conditions.

On Friday, shares of Berger Paints India Ltd dropped 1.16% to close at Rs 828.55 apiece on the BSE.

Image Source


Also read: Kansai Nerolac Paints Q1 results: Profit at Rs 111.38 cr

On Friday, Berger Paints India recorded a multi-fold increase in its consolidated net profit to Rs 140.48 crore for the first quarter ended June 30. In a regulatory filing, Berger Paints India said that the firm had posted a net profit of Rs 15.09 crore during the April-June quarter of the preceding financial year. Its income from operations during April-June 2021 surged 93.22% to Rs 1,798.49 crore, compared to Rs 930.76 crore in the previous year. Total expenses were at Rs 1,624.36 crore, a rise of 80.20% against Rs 901.42 crore in the previous year. The company told the media that the group's business operations during the current quarter were affected due to the Covid-19 pandemic and resulting lockdowns. It has taken into account the possible effect of Covid-19 in preparation of the financial results, comprising the assessment of the recoverability of its assets. Additionally, it said that the group would continue to observe any material changes to future economic conditions. On Friday, shares of Berger Paints India Ltd dropped 1.16% to close at Rs 828.55 apiece on the BSE. Image Source Also read: Kansai Nerolac Paints Q1 results: Profit at Rs 111.38 cr

Next Story
Infrastructure Transport

Six Ahmedabad Trains Rerouted For 70-Day Station Upgrade

Western Railway will divert six long-distance services from Ahmedabad’s Kalupur station for 70 days while the hub undergoes major redevelopment. From 5 July until 12 September 2025, the following changes will apply:The 12932 Ahmedabad–Mumbai Central AC Double Decker will start from Maninagar at 05.50, the 12655 Ahmedabad–Chennai Navjivan Express will leave Asarva at 21.05, and the 19034 Ahmedabad–Valsad Gujarat Queen will depart Maninagar at 18.20.Arriving trains will also finish elsewhere: the Mumbai Central–Ahmedabad AC Double Decker will terminate at Vatva at 21.20, the Chennai–..

Next Story
Infrastructure Energy

LTTS Wins USD 50 Million Five-Year Sustainability Deal

L&T Technology Services (LTTS), the listed engineering arm of Larsen & Toubro, has secured a five-year framework agreement worth more than USD 50 million to serve as the exclusive global engineering partner for the Sustainability division of one of the world’s leading energy companies.Under the pact LTTS will deliver enterprise data and digital services, encompassing advanced power-management solutions, next-generation cooling, and scalable rack architectures designed to optimise the client’s worldwide network of AI-enabled, low-carbon “energy factories”.Chief Executive and Man..

Next Story
Infrastructure Urban

Schneider, NVIDIA Join Forces to Build AI Infra In Europe

Schneider Electric has announced a strategic partnership with NVIDIA to fast-track the development of AI-ready infrastructure across Europe. The collaboration, revealed at NVIDIA’s GTC event in Paris, aligns with the European Commission’s 'AI Continent Action Plan' and the 'InvestAI' initiative, which aims to mobilise €200 billion (approximately Rs 18 trillion) in AI investments.The alliance will combine Schneider Electric’s capabilities in sustainable infrastructure with NVIDIA’s leadership in accelerated computing. Together, the firms are co-developing advanced power management, sc..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?