Get App
Download App Scanner
Scan to Download
Advertisement
This Article is From Aug 03, 2016

Berger Paints June Quarter Net Rises 55% At Rs 120 Crore

Berger Paints June Quarter Net Rises 55% At Rs 120 Crore
None

New Delhi: Berger Paints has reported an increase of 54.6 per cent in consolidated net profit at Rs 120.30 crore for the first quarter ended June.

Company's net profit in the same period (April-June) of previous fiscal was at Rs 77.80 crore.

"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," the company said in a regulatory filing.

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.

Berger Paints said the company has allotted 27,73,91,165 bonus shares of Re 1 each in proportion of 2 bonus shares for every 5 fully paid up equity shares to eligible shareholders on July 19, 2016.

"As a result of the bonus issue, the paid-up capital of the company stands increased to Rs 97.09 crore from Rs 69.35 crore. Authorised capital of the company has been increased to Rs 110 crore from Rs 75 crore," it said in the filing.

The company also informed that transfer of its paint division relating to four-wheeler passenger cars and SUV, three wheelers and related ancillaries to BNB Coatings India was completed after the close of business on June 30, in accordance with related business transfer agreement.

Stock of the company was trading 0.29 per cent up at Rs 240.65 on BSE.

 

(This story has not been edited by NDTV staff and is auto-generated from a syndicated feed.)

Essential Business Intelligence, Continuous LIVE TV, Sharp Market Insights, Practical Personal Finance Advice and Latest Stories — On NDTV Profit.

Newsletters

Update Email
to get newsletters straight to your inbox
⚠️ Add your Email ID to receive Newsletters
Note: You will be signed up automatically after adding email

News for You

Set as Trusted Source
on Google Search