Berger Paints India Limited Announces Unaudited Standalone Earnings Results for the Fourth Quarter and Audited Standalone Earnings Results for the Full Year Ended March 31, 2016
May 30, 2016 at 05:40 am
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Berger Paints India Limited announced unaudited standalone earnings results for the fourth quarter and audited standalone earnings results for the full year ended March 31, 2016. For the quarter, on the standalone basis, net sales/income from operation was INR 10,078.1 million against INR 9,222.6 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 1,303.5 million against INR 1,020.3 million a year ago. Profit from ordinary activities before tax was INR 1,397.7 million against INR 1,034.8 million a year ago. Net profit was INR 947.5 million or INR 1.37 per basic and diluted share against INR 706.8 million or INR 1.02 per basic and diluted share a year ago.
For the year, on the standalone basis, net sales/income from operation was INR 41,200.8 million against INR 37,924.2 million a year ago. Profit from operation before other income, finance costs and exceptional items was INR 5,195.0 million against INR 3,967.8 million a year ago. Profit from ordinary activities before tax was INR 5,369.9 million against INR 3,962.5 million a year ago. Net profit was INR 3,548.7 million or INR 5.12 per basic and diluted share against INR 2,660.3 million or INR 3.84 per basic and diluted share a year ago.
Berger Paints India Limited is an India-based company, which is engaged in the manufacturing and selling of paints. The Company offers products in categories, including interior wall coatings, exterior wall coatings, exterior textures, metal finishes, wood finishes, under coats, water proofing solutions. Its designer finishes include Silk GlamArt Metallica, Silk GlamArt Metallica for Designs, Silk GlamArt Non-Metallic, Silk GlamArt Stones and Tones, Silk GlamArt Stucco. Its interior emulsions include Silk Breathe Easy, Silk Glamor Matt, Silk Glow and Silk Glamor Soft Sheen. Its interior wall distempers include Bison Distemper. The Company's exterior emulsions include WeatherCoat Long Life 10, WeatherCoat Long Life 7, WeatherCoat Anti Dustt, WeatherCoat Long Life PU Tile Coat, and Never Miss Ceiling White. Its Sandila Plant is the manufacturing facility of the Company in India with capability to produce 33,000 MT per month, bulk of which is water-based paint.
Berger Paints India Limited Announces Unaudited Standalone Earnings Results for the Fourth Quarter and Audited Standalone Earnings Results for the Full Year Ended March 31, 2016