Berger Paints Q3 net profit jumps 51% yoy to Rs275cr; stock gains 2%

Berger Paints India Limited registered consolidated net profit (after a share of profit/loss of associates and joint ventures) for the quarter ended December 31, 2020, was Rs275.0cr as against Rs181.9cr in the corresponding quarter of last year representing a growth of 51.2% yoy, company said in its quarterly financial results announced on Tuesday.

The consolidated revenue from operations for the quarter ended, December 31, 2020 was Rs2118.2cr as against Rs1 695.9cr in the corresponding quarter of the last year representing a growth of 25.0% yoy. EBITDA (excluding other income) for the quarter ended December 31, 2020 was Rs415cr as against Rs296.3cr in the corresponding quarter of the last year representing a growth of 40.1 % yoy.

The standalone net profit of the company for the quarter ended December 31, 2020 was Rs253.6cr as against Rs165.6cr in the corresponding quarter of last year representing a growth of 53.1% yoy.

The company’s standalone revenue from operations for the quarter ended December 31, 2020 was Rs1861.9cr as against Rs1501.8cr in the corresponding quarter of the last year representing a growth of 24% yoy. EBIDTA (excluding other income) was Rs378.2cr as against Rs260.6cr in the corresponding quarter of the last year representing a growth of 45.1% yoy.