Berger Paints net profit jumps 54.6 per cent
Berger Paints recently reported an increase of 54.6 per cent in consolidated net profit at Rs 120.30 crore for the first quarter ended June. According to the company, income from operations for the quarter ended June 2016 was Rs 1,246.10 crore as against Rs 1,126.30 crore in the corresponding quarter of the last year, an increase of 10.6 per cent.
On standalone basis, net profit rose by 37 per cent to Rs 114.20 crore. Total income (standalone) in the first quarter of current fiscal registered a growth of 9.6 per cent to Rs 1,160.40 crore from Rs 1,058.70 crore in the same period of previous fiscal.