Berger Paints’ profitability boosts in Q1FY17 results
DSIJ Intelligence / 03 Aug 2016
Berger Paints India (Berger Paints) has declared its Q1FY17 results on August 3. The company’s revenue has increased by 10.63 per cent to Rs 1246 crore in Q1FY17 as compared to same period in previous financial year.
Berger Paints India (Berger Paints) has declared its Q1FY17 results on August 3. The company’s revenue has increased by 10.63 per cent to Rs 1246 crore in Q1FY17 as compared to same period in previous financial year. Its EBITDA too has risen by 34.48 per cent to Rs 195 crore in Q1FY17 on a yearly basis. The company’s EBITDA margin has expanded by 278 basis points to 15.65 per cent in Q1FY17 on a yearly basis. Berger Paints’ net profit has boosted by more than two and half times to Rs 200 crore in Q1FY17 as compared to same period in previous fiscal. The company’s net profit margin has expanded by more than double to 16.05 per cent in Q1FY17 on a yearly basis.
The share price of Berger Paints has decreased by 3.31 per cent on bourses after declaration of results and closed at Rs 232.3 on an intraday basis.
Berger Paints is a paint company. The company products include interior wall coatings, exterior wall coatings, metal and wood paints, living green, protective coating, undercoats and construction chemicals.
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