Berger Paints India Q1FY23 Results: PAT up 14.85% to ₹253.43 Cr, Income grew 25.6% to ₹2,772.7 Cr QOQ

Consolidated EBIDTA (excluding other income) for the quarter ended 30th June, 2022 was ₹404.84 crores as against ₹238.53 crores in the correspond ing quarter of the last year, representing an increase of 69. 72% over the corresponding quarter of last year.

Berger Paints India
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Berger Paints India Ltd is the second largest paint company in India. The company is engaged in manufacturing and selling of paints varnishes and enamels for various applications.

The company has posted its Q1FY23 financial results today, the details are as below :

(I) Unaudited Consolidated Financial Results for Quarter Ended (QOQ comparison):

The company has reported, a consolidated Total Income of ₹2,772.74 crore in the quarter ended on June 30, 2022 as against ₹2,206.63 crore in the last quarter ended on Mar 31, 2022, increased by 25.65%.

Berger Paints has posted a consolidated Net Profit of ₹253.43 crore in the quarter ended on March 31, 2022 as against ₹220.66 crore in the previous quarter ended on June 30, 2022. The PAT surges up by 14.85%.

The status of the EPS of the company stood at ₹2.61 as on March 31, 2022 compared to the previous quarter ended on June, 2022 which was ₹2.27, up by 14.97%.

₹*June 30, 2022 (Q1FY23)Mar 31, 2022 (Q4FY22)
Total Income2,772.742,206.63
Total Expenses2,433.921,915.43
PBT /(Loss)342.29296.44
Total Tax /(credit)88.5876.15
PAT /(Loss) [to the owners]253.43220.66
*figures are in Crores

(II) Unaudited Consolidated Financial Results for Quarter Ended (YoY comparison):

The company has reported, a consolidated Total Income of ₹2,772.74 crore in the financial year ended on June 30, 2022 as against ₹1,815.52 crore for the same quarter ended on last year June 30, 2021 that increased by 52.72%.

The company has posted a consolidated Net Profit of ₹253.43 crore in the financial year ended on June 30, 2022 as against ₹140.59 crore for the same quarter ended on last year June 30, 2021. The PAT surges up by 80.26%.

The status of the EPS of Berger Paints stood at ₹2.61 as on June 30, 2022 compared to the quarter ended on last year June 30, 2021 which was ₹1.45, up by 80.00%.

₹*June 30, 2022 (Q1FY23)June 30, 2021 (Q1FY22)
Total Income2,772.741,815.52
Total Expenses2433.921624.36
PBT /(Loss)342.29190.32
Total Tax /(credit)88.5849.84
PAT /(Loss) [to the owners]253.43140.59
*figures are in Crores
Berger Paints India Silk – bergerpaints.com

(III) Key Highlights about the Performance :

  • Consolidated EBIDTA (excluding other income) for the quarter ended 30th June, 2022 was ₹404.84 crores as against ₹238.53 crores in the correspond ing quarter of the last year, representing an increase of 69. 72% over the corresponding quarter of last year.
  • Standalone EBIDTA (excluding other income) for the quarter ended 30th June, 2022 was Rs. 373.72 crores as against Rs. 220.79 crores in the corresponding quarter of the last year, representing an increase of 69 .26% over the corresponding. quaiter of last year

The stocks of Berger Paints Ltd last hit in BSE,

  • Intraday High of ₹ 670.00
  • Intraday low of ₹ 649.75
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