Berger Paints standalone Q3 net profit up 19% to ₹ 115 crore
Berger Paints Ltd on Tuesday posted a standalone net profit of ₹ 114.86 crore during the quarter ended December, a rise of 19% as against the corresponding period a year ago. Revenue from operations of the paint major during the quarter under review was ₹ 1,190.91 crore, marginally higher from ₹ 1,167.58 crore in the year-earlier period. Expenses came in lower at ₹ 1,023.10 crore during the December-ended quarter, the company said in an exchange filing.
Berger Paints’ excise duty accounted for ₹ 119 crore out of the ₹ 1,031.35 crore total expenses in the October-December period. The company’s consolidated net profit for the third quarter stood at ₹ 130.39 crore compared with ₹ 109.12 crore in the corresponding quarter a year ago.