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

BERGER PAINTS Announces Quarterly Results (3QFY21); Net Profit Up 47.4%
Thu, 11 Feb

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

BERGER PAINTS Quarterly Financials

No. of Mths Qtr. Ending		3 Dec-19*	3 Sep-20*	3 Dec-20*	QoQ Change	YoY Change
Net Sales	Rs m	16,959	17,426	21,182	21.6%	24.9%
Other income	Rs m	143	232	156	-32.7%	9.4%
Turnover	Rs m	17,101	17,657	21,338	20.8%	24.8%
Expenses	Rs m	13,996	14,073	17,032	21.0%	21.7%
Gross profit	Rs m	2,963	3,352	4,150	23.8%	40.1%
Depreciation	Rs m	483	537	529	-1.6%	9.5%
Interest	Rs m	127	109	89	-18.7%	-29.9%
Profit before tax	Rs m	2,496	2,938	3,689	25.6%	47.8%
Tax	Rs m	637	716	949	32.4%	48.9%
Profit after tax	Rs m	1,859	2,221	2,740	23.3%	47.4%
Gross profit margin	%	17.5	19.2	19.6
Effective tax rate	%	25.5	24.4	25.7
Net profit margin	%	10.9	12.6	12.8

* 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 24.9% on a year-on-year (YoY) basis. The expenses were up by 21.7% YoY during the same period.
The company's operating profit increased by 40.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.6% in 3QFY21 as against 17.5% in 3QFY20.
Depreciation charges increased by 9.5% and finance costs declined by 29.9% YoY, respectively.
Other income increased by 9.4% YoY during the quarter.
Net profit for the quarter increased by 47.4% YoY. Net profit margins during the quarter increased from 10.9% in 3QFY20 to 12.8% in 3QFY21.

Quarter-on-Quarter Performance:

The company's operating income during the quarter grew 21.6% on a quarter-on-quarter (QoQ) basis. The expenses were up by 21.0% QoQ during the same period.
The company's operating profit increased by 23.8% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 19.6% in 3QFY21 as against 19.2% in 2QFY20.
Net profit for the quarter increased by 23.3% QoQ, while net profit margins increased from 12.6% in 2QFY20 to 12.8% in 3QFY21.

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

Urgent New Alert: About Coming Once-in-a-generation Wealth Shift

BERGER PAINTS Share Price Performance

Over the last one year, BERGER PAINTS share price has moved up from Rs 582.8 to Rs 772.3, registering a Gain of Rs 189.5 or around 32.5%.

Overall, the S&P BSE SENSEX is up 25.8% over the year.

Current Valuations

At the current price of Rs 772.3, the price to earnings (P/E) ratio of BERGER PAINTS stands at 120.7 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 28.2 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 (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

BERGER PAINTS SHARE PRICE

BSE: 752.40 -1.30% NSE: 752.60 -1.29%
Apr 9, 2021 (Close)

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LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.

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BERGER PAINTS Announces Quarterly Results (3QFY21); Net Profit Up 47.4% Thu, 11 Feb