Berger Paints India Q1 Profit Jumps To Rs 140 Cr

Berger Paints India on 6th August reported multi-fold jump in its consolidated net profit to Rs 140.48 crore for the first quarter ended June 30. The company had posted a net profit of Rs 15.09 crore during the April-June quarter of the previous financial year, Berger

BY Realty Plus
Published - Monday, 09 Aug, 2021

Berger Paints India Q1 Profit Jumps To Rs 140 Cr

Berger Paints India on 6th August reported multi-fold jump in its consolidated net profit to Rs 140.48 crore for the first quarter ended June 30. The company had posted a net profit of Rs 15.09 crore during the April-June quarter of the previous financial year, Berger Paints India said in a regulatory filing. Its revenue from operations during April-June 2021 rose 93.22 per cent to Rs 1,798.49 crore, against Rs 930.76 crore in the year-ago period. Total expenses stood at Rs 1,624.36 crore, a jump of 80.20 per cent as compared with Rs 901.42 crore a year ago. The group's business operations during the current quarter were impacted due to the COVID-19 pandemic and consequent lockdowns. It has taken into account the possible impact of COVID-19 in preparation of the financial results, including assessment of recoverability of its assets. The group will continue to monitor any material changes to future economic conditions.