BERGER PAINTS Announces Quarterly Results (1QFY21); Net Profit Down 88.9%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

BERGER PAINTS Announces Quarterly Results (1QFY21); Net Profit Down 88.9%
Tue, 1 Sep

BERGER PAINTS has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

BERGER PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m17,16513,5489,308-31.3%-45.8%
Other incomeRs m21916778-53.0%-64.2%
TurnoverRs m17,38413,7159,386-31.6%-46.0%
ExpensesRs m14,11411,4648,387-26.8%-40.6%
Gross profitRs m3,0522,084921-55.8%-69.8%
DepreciationRs m4624935042.1%9.0%
InterestRs m99141124-11.9%24.6%
Profit before taxRs m2,7091,617372-77.0%-86.3%
TaxRs m944560176-68.6%-81.3%
Profit after taxRs m1,7651,057196-81.5%-88.9%
Gross profit margin%17.815.49.9
Effective tax rate%34.834.747.4
Net profit margin%10.27.72.1
* 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 fell 45.8% on a year-on-year (YoY) basis. The expenses were down by 40.6% YoY during the same period.
  • The company's operating profit declined by 69.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.9% in 1QFY21 as against 17.8% in 1QFY20.
  • Depreciation charges increased by 9.0% and finance costs increased by 24.6% YoY, respectively.
  • Other income declined by 64.2% YoY during the quarter.
  • Net profit for the quarter declined by 88.9% YoY. Net profit margins during the quarter declined from 10.2% in 1QFY20 to 2.1% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 31.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 26.8% QoQ during the same period.
  • The company's operating profit declined by 55.8% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 9.9% in 1QFY21 as against 15.4% in 4QFY20.
  • Net profit for the quarter declined by 81.5% QoQ, while net profit margins declined from 7.7% in 4QFY20 to 2.1% in 1QFY21.

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

DISCOVER: How to Potentially Multiply Your Returns by Upto 5x...

BERGER PAINTS Share Price Performance

Over the last one year,BERGER PAINTS share price has moved up from Rs 369.1 to Rs 545.0, registering a Gain of Rs 175.9 or around 47.6%.

Overall, the S&P BSE SENSEX is up 5.9% over the year.

Current Valuations

At the current price of Rs 545.0, the price to earnings (P/E) ratio of BERGER PAINTS stands at 104.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 21.4 times.

Equitymaster requests your view! Post a comment on "BERGER PAINTS Announces Quarterly Results (1QFY21); Net Profit Down 88.9%". Click here!

  

Related Views on News

BERGER PAINTS Announces Quarterly Results (3QFY21); Net Profit Up 47.4% (Quarterly Result Update)

Feb 11, 2021 | Updated on Feb 11, 2021

For the quarter ended December 2020, BERGER PAINTS has posted a net profit of Rs 3 bn (up 47.4% YoY). Sales on the other hand came in at Rs 21 bn (up 24.9% YoY). Read on for a complete analysis of BERGER PAINTS's quarterly results.

BERGER PAINTS 2019-20 Annual Report Analysis (Annual Result Update)

Oct 20, 2020 | Updated on Oct 20, 2020

Here's an analysis of the annual report of BERGER PAINTS for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of BERGER PAINTS. Also includes updates on the valuation of BERGER PAINTS.

BERGER PAINTS Announces Quarterly Results (3QFY20); Net Profit Up 37.9% (Quarterly Result Update)

Feb 6, 2020 | Updated on Feb 6, 2020

For the quarter ended December 2019, BERGER PAINTS has posted a net profit of Rs 2 bn (up 37.9% YoY). Sales on the other hand came in at Rs 17 bn (up 4.9% YoY). Read on for a complete analysis of BERGER PAINTS's quarterly results.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

Gold 65,000 and Silver 84,000 in 2022

Feb 26, 2021

In this episode of the Investor Hour, India's #1 trader, Vijay Bhambwani, talks to us about the stock market, his new targets for gold and silver, the best long-term investment opportunity, and a lot more.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

BERGER PAINTS SHARE PRICE


Mar 5, 2021 (Close)

TRACK BERGER PAINTS

  • Track your investment in BERGER PAINTS with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

BERGER PAINTS - ASIAN PAINTS COMPARISON

COMPARE BERGER PAINTS WITH

MARKET STATS