Berger Paints India Ltd. Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended September 30, 2016
November 03, 2016 at 10:34 am
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Berger Paints India Ltd. reported unaudited standalone and consolidated earnings results for the second quarter and six months ended September 30, 2016. For the quarter, on standalone basis, the company reported total income from operations (net of excise duly) of INR 11,434.8 million against INR 10,725.8 million a year ago. Profit from operations before other Income, finance costs and exceptional items was INR 1,316.2 million against INR 1,130.1 million a year ago. Profit from ordinary activities before tax was INR 2,316.0 million against INR 1,156.8 million a year ago. Net Profit for the period was INR 1,613.2 million or INR 1.66 per basic and diluted share against INR 762.7 million or INR 0.79 per basic and diluted share a year ago. EBDIT (earnings before depreciation, interest and tax) was INR 1,440.4 million as against INR 1,167 million in the corresponding quarter of the last year representing an increase of 23.4% over the corresponding period last year. PBDIT was INR 1,560 million compared to INR 1,350 million a year ago. PBIT was INR 1,480 million compared to INR 1,220 million a year ago. Profit from operation before interest was INR 1,320 compared to INR 1,130 million a year ago.
For the six months, on standalone basis, the company reported total income from operations (net of excise duly) of INR 23,038.7 million against INR 21,312.9 million a year ago. Profit from operations before other Income, finance costs and exceptional items was INR 2,951.5 million against INR 2,375.7 million a year ago. Profit from ordinary activities before tax was INR 4,034.7 million against INR 2,424.7 million a year ago. Net Profit for the period was INR 2,755.5 million or INR 2.84 per basic and diluted share against INR 1,595.6 million or INR 1.64 per basic and diluted share a year ago. PBDIT was INR 3,430 million compared to INR 2,810 million a year ago. PBIT was INR 3,200 million compared to INR 2,540 million a year ago. Profit from operation before interest was INR 3,170 compared to INR 2,420 million a year ago.
For the quarter, on consolidated basis, the company reported total income from operations (net of excise duly) of INR 12,713.9 million against INR 11,796.5 million a year ago. Profit from operations before other Income, finance costs and exceptional items was INR 1,515.1 million against INR 1,275.6 million a year ago. Profit from ordinary activities before tax was INR 2,090.1 million against INR 1,288.5 million a year ago. Net Profit for the period was INR 1,360.6 million or INR 1.43 per basic and diluted share against INR 877.7 million or INR 0.92 per basic and diluted share a year ago. PBDIT was INR 1,790 million compared to INR 1,520 million a year ago. PBIT was INR 1,700 million compared to INR 1,370 million a year ago. Profit from operation before interest was INR 1,520 compared to INR 1,280 million a year ago.
For the six months, on consolidated basis, the company reported total income from operations (net of excise duly) of INR 25,174.7 million against INR 23,059.7 million a year ago. Profit from operations before other Income, finance costs and exceptional items was INR 3,205.2 million against INR 2,486.9 million a year ago. Profit from ordinary activities before tax was INR 3,852.6 million against INR 2,481.3 million a year ago. Net Profit for the period was INR 2,528.3 million or INR 2.67 per basic and diluted share against INR 1,629.1 million or INR 1.72 per basic and diluted share a year ago. PBDIT was INR 3,740 million compared to INR 2,980 million a year ago. PBIT was INR 3,490 million compared to INR 2,650 million a year ago. Profit from operation before interest was INR 3,210 compared to INR 2,490 million 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.