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BERGER PAINTS Announces Quarterly Results (2QFY19); Net Profit Up 8.1%

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BERGER PAINTS Announces Quarterly Results (2QFY19); Net Profit Up 8.1%
Tue, 6 Nov

BERGER PAINTS has announced its results for the quarter ended September 2018. Here is a detailed performance review of the same:

BERGER PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-17*
3
Jun-18*
3
Sep-18*
QoQ ChangeYoY Change
Net SalesRs m12,81714,83014,9010.5%16.3%
Other incomeRs m101164120-26.9%18.7%
TurnoverRs m12,91814,99415,0210.2%16.3%
ExpensesRs m10,82612,56012,8332.2%18.5%
Gross profitRs m1,9912,2702,068-8.9%3.9%
DepreciationRs m306340336-1.1%10.0%
InterestRs m763879106.0%3.7%
Profit before taxRs m1,7112,0561,773-13.8%3.6%
TaxRs m622715597-16.6%-4.1%
Profit after taxRs m1,0881,3411,176-12.3%8.1%
Gross profit margin%15.515.313.9
Effective tax rate%36.434.833.6
Net profit margin%8.48.97.8
* 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 16.3% on a year-on-year (YoY) basis. The expenses were up by 18.5% YoY during the same period.
  • The company's operating profit increased by 3.9% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.9% in 2QFY19 as against 15.5% in 2QFY18.
  • Depreciation charges increased by 10.0% and finance costs increased by 3.7% YoY, respectively.
  • Other income increased by 18.7% YoY during the quarter.
  • Net profit for the quarter increased by 8.1% YoY. Net profit margins during the quarter declined from 8.4% in 2QFY18 to 7.8% in 2QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 0.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 2.2% QoQ during the same period.
  • The company's operating profit declined by 8.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 13.9% in 2QFY19 as against 15.3% in 1QFY18.
  • Net profit for the quarter declined by 12.3% QoQ, while net profit margins declined from 8.9% in 1QFY18 to 7.8% in 2QFY19.

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 256.7 to Rs 299.4, registering a Gain of Rs 42.7 or around 16.6%.

Overall, the S&P BSE SENSEX is up 4.0% over the year.

Current Valuations

At the current price of Rs 299.4, the price to earnings (P/E) ratio of BERGER PAINTS stands at 58.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.2 times.

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Related Views on News

BERGER PAINTS Announces Quarterly Results (3QFY19); Net Profit Up 5.3% (Quarterly Result Update)

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, BERGER PAINTS has posted a net profit of Rs 1 bn (up 5.3% YoY). Sales on the other hand came in at Rs 16 bn (up 20.8% YoY). Read on for a complete analysis of BERGER PAINTS's quarterly results.

BERGER PAINTS Announces Quarterly Results (1QFY19); Net Profit Up 18.8% (Quarterly Result Update)

Aug 6, 2018 | Updated on Aug 6, 2018

For the quarter ended June 2018, BERGER PAINTS has posted a net profit of Rs 1 bn (up 18.8% YoY). Sales on the other hand came in at Rs 15 bn (up 8.8% YoY). Read on for a complete analysis of BERGER PAINTS's quarterly results.

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