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

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BERGER PAINTS Announces Quarterly Results (3QFY19); Net Profit Up 5.3%
Mon, 4 Feb

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

BERGER PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-17*
3
Sep-18*
3
Dec-18*
QoQ ChangeYoY Change
Net SalesRs m13,38614,90116,1678.5%20.8%
Other incomeRs m10112015125.9%50.4%
TurnoverRs m13,48715,02116,3188.6%21.0%
ExpensesRs m11,16012,83313,8077.6%23.7%
Gross profitRs m2,2262,0682,36014.1%6.0%
DepreciationRs m3123363555.6%13.9%
InterestRs m787910938.7%40.8%
Profit before taxRs m1,9371,7732,04715.4%5.7%
TaxRs m65759769917.1%6.4%
Profit after taxRs m1,2801,1761,34814.6%5.3%
Gross profit margin%16.613.914.6
Effective tax rate%33.933.634.1
Net profit margin%9.57.88.3
* 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 20.8% on a year-on-year (YoY) basis. The expenses were up by 23.7% YoY during the same period.
  • The company's operating profit increased by 6.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.6% in 3QFY19 as against 16.6% in 3QFY18.
  • Depreciation charges increased by 13.9% and finance costs increased by 40.8% YoY, respectively.
  • Other income increased by 50.4% YoY during the quarter.
  • Net profit for the quarter increased by 5.3% YoY. Net profit margins during the quarter declined from 9.5% in 3QFY18 to 8.3% in 3QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 8.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 7.6% QoQ during the same period.
  • The company's operating profit increased by 14.1% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 14.6% in 3QFY19 as against 13.9% in 2QFY18.
  • Net profit for the quarter increased by 14.6% QoQ, while net profit margins increased from 7.8% in 2QFY18 to 8.3% in 3QFY19.

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 246.9 to Rs 309.7, registering a Gain of Rs 62.8 or around 25.4%.

Overall, the S&P BSE SENSEX is up 1.2% over the year.

Current Valuations

At the current price of Rs 309.7, the price to earnings (P/E) ratio of BERGER PAINTS stands at 60.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.7 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 (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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