Berger Paints India Q4 Net Profit Down 20.48% To Rs 201.17 Crore

Berger Paints India on Thursday said that its net profit for the quarter ended 31 December 2022 was Rs 201.17 crores as against Rs 252.97 crores in the corresponding quarter of the last year, a decline of 20.48 per cent.

While talking about the consolidated Results, it said that the revenue from operations for the quarter ended 31 December 2022 witnessed 5.60 per cent growth to Rs 2,693.59 crore as against Rs. 2550.77 crore in the corresponding quarter of the last year.

The company said, "EBITDA (excluding other income) for the quarter ended 31 December 2022 was Rs. 349.65 crores as against Rs. 392.11 crores in the corresponding quarter last year, representing a decline of 10.83 per cent over the corresponding quarter of last year."

Notably, revenue from operations for the nine months ended 31 December 2022 was Rs 8,124.21 crore as against Rs. 6574.27 crore, a hike of 23.58 per cent over the corresponding period of last year.

"Net profit for the ended nine months ended 31 December 2022 was Rs 6,74.39 crores as against Rs. 612.66 crore in the corresponding period of last year, representing a growth of 10.08 per cent over the corresponding period of last year," it added.