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

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BERGER PAINTS Announces Quarterly Results (2QFY20); Net Profit Up 66.9%
Mon, 11 Nov

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

BERGER PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Sep-18*
3
Jun-19*
3
Sep-19*
QoQ ChangeYoY Change
Net SalesRs m14,90117,16515,986-6.9%7.3%
Other incomeRs m120219157-28.1%31.0%
TurnoverRs m15,02117,38416,143-7.1%7.5%
ExpensesRs m12,83314,11413,475-4.5%5.0%
Gross profitRs m2,0683,0522,511-17.7%21.4%
DepreciationRs m3364624722.3%40.4%
InterestRs m79991044.4%31.6%
Profit before taxRs m1,7732,7092,092-22.8%18.0%
TaxRs m597944129-86.3%-78.4%
Profit after taxRs m1,1761,7651,96311.2%66.9%
Gross profit margin%13.917.815.7
Effective tax rate%33.634.86.2
Net profit margin%7.810.212.2
* 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 7.3% on a year-on-year (YoY) basis. The expenses were up by 5.0% YoY during the same period.
  • The company's operating profit increased by 21.4% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 15.7% in 2QFY20 as against 13.9% in 2QFY19.
  • Depreciation charges increased by 40.4% and finance costs increased by 31.6% YoY, respectively.
  • Other income increased by 31.0% YoY during the quarter.
  • Net profit for the quarter increased by 66.9% YoY. Net profit margins during the quarter increased from 7.8% in 2QFY19 to 12.2% in 2QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.5% QoQ during the same period.
  • The company's operating profit declined by 17.7% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 15.7% in 2QFY20 as against 17.8% in 1QFY19.
  • Net profit for the quarter increased by 11.2% QoQ, while net profit margins increased from 10.2% in 1QFY19 to 12.2% in 2QFY20.

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

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BERGER PAINTS Share Price Performance

Over the last one year,BERGER PAINTS share price has moved up from Rs 309.0 to Rs 483.7, registering a Gain of Rs 174.7 or around 56.5%.

Overall, the S&P BSE SENSEX is up 14.3% over the year.

Current Valuations

At the current price of Rs 483.7, the price to earnings (P/E) ratio of BERGER PAINTS stands at 75.8 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 19.0 times.

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Related Views on News

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.

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

Aug 7, 2019 | Updated on Aug 7, 2019

For the quarter ended June 2019, BERGER PAINTS has posted a net profit of Rs 2 bn (up 31.7% YoY). Sales on the other hand came in at Rs 17 bn (up 15.7% YoY). Read on for a complete analysis of BERGER PAINTS's quarterly results.

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