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.