The paint company’s consolidated quarterly results highlighted a revenue operation increase of 11.71 per cent over the corresponding period of the last financial year and an EBITDA (excluding other income) increase of 6.44 per cent. On the contrary, its net profit saw a decline of 15.56 per cent
Berger Paints India, the multinational paint company on Monday reported a consolidated sales growth of 20.6 per cent, a Rs10,000 crore mark in the fourth quarter that ended on 31 March 2023.
The paint company’s consolidated quarterly results highlighted a revenue operation increase of 11.71 per cent over the corresponding period of the last financial year and an EBITDA (excluding other income) increase of 6.44 per cent. On the contrary, its net profit saw a decline of 15.56 per cent.
The company’s consolidated yearly results marked the revenue operations for the March end at Rs.10,567.84 crore as against Rs. 8,761.78 crore in the corresponding financial year, representing an increase of 20.61 per cent. While the EBITDA (excluding other income) stood at Rs. 1,487.20 crore as against Rs. 1,331.07 crore in the corresponding financial year, representing an increase of 11.73 per cent over the corresponding last FY. Further, the net profit increased by 3.30 per cent, Rs. 860.40 crore as against Rs. 832.95 crore
Its standalone quarterly revenue operation and EBITDA (excluding other income) witnessed an increase of 13.56 per cent and 9.03 per cent respectively with a net profit decline of 3.20 per cent over the corresponding period of last financial year.
The paint producers standalone yearly results were positive with an increase in all three categories, revenue from operations, the EBITDA (excluding other income) and net profits by 22.34 per cent , 13.81 per cent and 10.47 per cent respectively over the corresponding period of last financial year.
