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

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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 ChangeYoY Change
Net SalesRs m16,95917,42621,18221.6%24.9%
Other incomeRs m143232156-32.7%9.4%
TurnoverRs m17,10117,65721,33820.8%24.8%
ExpensesRs m13,99614,07317,03221.0%21.7%
Gross profitRs m2,9633,3524,15023.8%40.1%
DepreciationRs m483537529-1.6%9.5%
InterestRs m12710989-18.7%-29.9%
Profit before taxRs m2,4962,9383,68925.6%47.8%
TaxRs m63771694932.4%48.9%
Profit after taxRs m1,8592,2212,74023.3%47.4%
Gross profit margin%17.519.219.6
Effective tax rate%25.524.425.7
Net profit margin%10.912.612.8
* 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.

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