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Berger Paints India Ltd reports earnings for Q4, FY2020



Posted On : 2020-06-23 18:27:32( TIMEZONE : IST )

Berger Paints India Ltd reports earnings for Q4, FY2020

Berger Paints India Ltd has announced the financial results for the year and quarter ended 31st March, 2020.

Highlights of the Consolidated Quarterly Results:

- Revenue from Operations for the quarter ended 31st March, 2020 was Rs. 1,354.8 crores as against Rs. 1,472.1 crores in the corresponding quarter of the last year.

- EBIDTA (excluding other income) for the quarter ended 31st March, 2020 was Rs. 208.4 crores as against Rs. 225.6 crores in the corresponding quarter of the last year.

- Net Profit for quarter ended 31st March, 2020 was Rs. 103.2 crores as against Rs. 110.4 crores in the corresponding quarter of the last year.

Highlights of the Standalone Quarterly Results:

- Revenue from Operations for the quarter ended 31st March, 2020 was Rs. 1,174.9 crores as against Rs. 1,352.7 crores in the corresponding quarter of the last year.

- EBIDTA ( excluding other income) for the quarter ended 3 1 st March, 2020 was Rs. 190.9 crores as against Rs. 216.5 crores in the corresponding quarter of the last year.

- Net Profit for quarter ended 31 st March, 2020, was Rs. 194.7 crores, as against Rs. 86.4 crores in the corresponding quarter of the last year. The net profit for the quarter ended 31st March, 2020 included Rs. 100.1 crore as other income from dividend.

Highlights of the Consolidated Yearly Results:

- Revenue from Operations for the year ended 31st March, 2020 was Rs. 6,365.8 crores as against Rs. 6,061.9 crores in the corresponding year, representing an increase of 5.0%.

- EBIDTA (excluding other income) for the year ended 31st March, 2020 was Rs. 1061.0 crores as against Rs. 935.5 crores in the corresponding quarter of the last year, representing an increase of 13.4 % over the corresponding period of last year.

- Net Profit for the year ended 31st March, 2020 was Rs. 656.1 crores as against Rs. 493.89 crores in the corresponding year, representing an increase of 32.8%.

Highlights of the Standalone Yearly Results:

- Revenue from Operations for the year ended 31 st March, 2020 was Rs. 5,691.7 crores as against Rs. 5,515.5 crores in the corresponding year, representing an increase of 3.2%.

- EBIDTA ( excluding other income) for the year ended 31st March, 2020 was Rs. 957.8 crores as against Rs. 862.6 crores in the corresponding quarter of the last year, representing an increase of 11.0% over the corresponding period of last year.

- Net Profit for the year ended 31st March, 2020 was Rs. 699.1 crores as against Rs. 435.8 crores in the corresponding year, representing an increase of 60.4%. The net profit for the year ended 31st March, 2020 included Rs. 100.1 crore as other income from dividend.

The Board of Directors have recommended a final dividend of Re 0.30 (30%) per equity share of Re. 1/­ each for the financial year ended March 31, 2020. Together with the interim dividend of Rs 1.90 (190%) per equity share paid on 16th March, 2020, the total dividend for the financial year ended 31st March, 2020 aggregates to Rs. 2.20 (220%) per equity share of Re. 1/- each. Final dividend is subject to approval of shareholders.

Shares of BERGER PAINTS INDIA LTD. was last trading in BSE at Rs.517 as compared to the previous close of Rs. 505.3. The total number of shares traded during the day was 53218 in over 1620 trades.

The stock hit an intraday high of Rs. 519.85 and intraday low of 506.4. The net turnover during the day was Rs. 27375636.

Source : Equity Bulls

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