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 Energy

South West Pinnacle Wins Rs 30 Cr Oman Mining Contract

South West Pinnacle Exploration Ltd has secured a Rs 30 crore contract from Minerals Development Oman (MDO) for mining exploration in concession areas 12B and 13.The two-year project will be carried out via Alara Resources LLC, a JV in Oman. MDO, backed by Oman’s investment authorities, focuses on monetising mineral wealth.The contract covers copper, gold, and chromite and highlights South West Pinnacle’s growing footprint in international exploration and mining services. ..

Next Story
Equipment

Godrej GEG Boosts Intralogistics with AI and Green Tech

Godrej Enterprises Group (GEG) is revolutionising warehouse and factory logistics through its Material Handling Equipment and Storage Solutions arms by integrating AI, IoT, and automation.With 20–25% market share and 85% local sourcing, GEG champions Atmanirbhar Bharat and sustainability. The Chennai plant, a green manufacturing leader, uses RoHS-compliant materials and has slashed energy consumption by 60%.GEG serves e-commerce, FMCG, retail, and cold chains with high-performance racking and electric forklifts. Upcoming IoT-enabled forklifts and telematics solutions aim to improve speed, sa..

Next Story
Infrastructure Urban

Amit Shah Inaugurates Key Projects Across Gujarat

Union Home Minister Amit Shah inaugurated and laid the foundation stone for various projects in Gujarat’s Panchmahal district and Ahmedabad.In Godhra, he inaugurated the Center of Excellence building, sports complex, reservoir, and Miyawaki plantation. In Ahmedabad, he unveiled a new cooperative complex in Adaroda village and a primary school in Juwal.These projects, under the Model Co-op Village scheme, aim to boost education, sustainability, and rural development across the state. ..

Advertisement

Advertisement

Subscribe to Our Newsletter

Get daily newsletters around different themes from Construction world.

STAY CONNECTED

Advertisement

Advertisement

Advertisement

Advertisement

Talk to us?