BERGER PAINTS Announces Quarterly Results (1QFY20); Net Profit Up 31.7%

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BERGER PAINTS Announces Quarterly Results (1QFY20); Net Profit Up 31.7%
Wed, 7 Aug

BERGER PAINTS has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

BERGER PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m14,83014,72117,16516.6%15.7%
Other incomeRs m16416521932.8%33.2%
TurnoverRs m14,99414,88617,38416.8%15.9%
ExpensesRs m12,56012,60414,11412.0%12.4%
Gross profitRs m2,2702,1173,05244.1%34.4%
DepreciationRs m34034646233.5%35.8%
InterestRs m3897992.8%159.5%
Profit before taxRs m2,0561,8392,70947.3%31.8%
TaxRs m71572194430.9%32.0%
Profit after taxRs m1,3411,1181,76557.9%31.7%
Gross profit margin%15.314.417.8
Effective tax rate%34.839.234.8
Net profit margin%8.97.510.2
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 15.7% on a year-on-year (YoY) basis. The expenses were up by 12.4% YoY during the same period.
  • The company's operating profit increased by 34.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.8% in 1QFY20 as against 15.3% in 1QFY19.
  • Depreciation charges increased by 35.8% and finance costs increased by 159.5% YoY, respectively.
  • Other income increased by 33.2% YoY during the quarter.
  • Net profit for the quarter increased by 31.7% YoY. Net profit margins during the quarter increased from 8.9% in 1QFY19 to 10.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 16.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 12.0% QoQ during the same period.
  • The company's operating profit increased by 44.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.8% in 1QFY20 as against 14.4% in 4QFY19.
  • Net profit for the quarter increased by 57.9% QoQ, while net profit margins increased from 7.5% in 4QFY19 to 10.2% in 1QFY20.

To see how BERGER PAINTS has performed over the last eight quarters,please visit here.

BERGER PAINTS Share Price Performance

Over the last one year,BERGER PAINTS share price has moved up from Rs 315.3 to Rs 350.0, registering a Gain of Rs 34.7 or around 11.0%.

Overall, the S&P BSE SENSEX is down 1.8% over the year.

Current Valuations

At the current price of Rs 350.0, the price to earnings (P/E) ratio of BERGER PAINTS stands at 62.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 15.5 times.

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Related Views on News

BERGER PAINTS Announces Quarterly Results (2QFY20); Net Profit Up 66.9% (Quarterly Result Update)

Nov 11, 2019 | Updated on Nov 11, 2019

For the quarter ended September 2019, BERGER PAINTS has posted a net profit of Rs 2 bn (up 66.9% YoY). Sales on the other hand came in at Rs 16 bn (up 7.3% YoY). Read on for a complete analysis of BERGER PAINTS's quarterly results.

BERGER PAINTS Announces Quarterly Results (4QFY19); Net Profit Down 1.5% (Quarterly Result Update)

Jun 3, 2019 | Updated on Jun 3, 2019

For the quarter ended March 2019, BERGER PAINTS has posted a net profit of Rs 1 bn (down 1.5% YoY). Sales on the other hand came in at Rs 15 bn (up 13.4% YoY). Read on for a complete analysis of BERGER PAINTS's quarterly results.

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