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

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BERGER PAINTS Announces Quarterly Results (3QFY20); Net Profit Up 37.9%
Thu, 6 Feb

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

BERGER PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-18*
3
Sep-19*
3
Dec-19*
QoQ ChangeYoY Change
Net SalesRs m16,16715,98616,9596.1%4.9%
Other incomeRs m151157143-9.3%-5.7%
TurnoverRs m16,31816,14317,1015.9%4.8%
ExpensesRs m13,80713,47513,9963.9%1.4%
Gross profitRs m2,3602,5112,96318.0%25.5%
DepreciationRs m3554724832.2%35.9%
InterestRs m10910412721.9%15.6%
Profit before taxRs m2,0472,0922,49619.3%22.0%
TaxRs m699129637394.0%-8.8%
Profit after taxRs m1,3481,9631,859-5.3%37.9%
Gross profit margin%14.615.717.5
Effective tax rate%34.16.225.5
Net profit margin%8.312.210.9
* 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 4.9% on a year-on-year (YoY) basis. The expenses were up by 1.4% YoY during the same period.
  • The company's operating profit increased by 25.5% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.5% in 3QFY20 as against 14.6% in 3QFY19.
  • Depreciation charges increased by 35.9% and finance costs increased by 15.6% YoY, respectively.
  • Other income declined by 5.7% YoY during the quarter.
  • Net profit for the quarter increased by 37.9% YoY. Net profit margins during the quarter increased from 8.3% in 3QFY19 to 10.9% in 3QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 6.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 3.9% QoQ during the same period.
  • The company's operating profit increased by 18.0% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.5% in 3QFY20 as against 15.7% in 2QFY19.
  • Net profit for the quarter declined by 5.3% QoQ, while net profit margins declined from 12.2% in 2QFY19 to 10.9% in 3QFY20.

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 309.9 to Rs 576.1, registering a Gain of Rs 266.3 or around 85.9%.

Overall, the S&P BSE SENSEX is up 12.5% over the year.

Current Valuations

At the current price of Rs 576.1, the price to earnings (P/E) ratio of BERGER PAINTS stands at 83.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 22.6 times.

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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 (1QFY21); Net Profit Down 88.9% (Quarterly Result Update)

Sep 1, 2020 | Updated on Sep 1, 2020

For the quarter ended June 2020, BERGER PAINTS has posted a net profit of Rs 196 m (down 88.9% YoY). Sales on the other hand came in at Rs 9 bn (down 45.8% YoY). Read on for a complete analysis of BERGER PAINTS's quarterly results.

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.

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