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BERGER PAINTS Announces Quarterly Results (4QFY19); Net Profit Down 1.5%

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BERGER PAINTS Announces Quarterly Results (4QFY19); Net Profit Down 1.5%
Mon, 3 Jun

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

BERGER PAINTS Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m12,98316,16714,721-8.9%13.4%
Other incomeRs m1221511658.9%35.0%
TurnoverRs m13,10516,31814,886-8.8%13.6%
ExpensesRs m10,98113,80712,604-8.7%14.8%
Gross profitRs m2,0022,3602,117-10.3%5.8%
DepreciationRs m320355346-2.6%8.2%
InterestRs m6410997-11.6%51.6%
Profit before taxRs m1,7402,0471,839-10.1%5.7%
TaxRs m6056997213.2%19.3%
Profit after taxRs m1,1351,3481,118-17.1%-1.5%
Gross profit margin%15.414.614.4
Effective tax rate%34.734.139.2
Net profit margin%8.78.37.5
* 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 13.4% on a year-on-year (YoY) basis. The expenses were up by 14.8% YoY during the same period.
  • The company's operating profit increased by 5.8% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 4QFY19 as against 15.4% in 4QFY18.
  • Depreciation charges increased by 8.2% and finance costs increased by 51.6% YoY, respectively.
  • Other income increased by 35.0% YoY during the quarter.
  • Net profit for the quarter declined by 1.5% YoY. Net profit margins during the quarter declined from 8.7% in 4QFY18 to 7.5% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 8.9% on a quarter-on-quarter (QoQ) basis. The expenses were down by 8.7% QoQ during the same period.
  • The company's operating profit declined by 10.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 14.4% in 4QFY19 as against 14.6% in 3QFY18.
  • Net profit for the quarter declined by 17.1% QoQ, while net profit margins declined from 8.3% in 3QFY18 to 7.5% in 4QFY19.

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 289.4 to Rs 329.9, registering a Gain of Rs 40.5 or around 14.0%.

Overall, the S&P BSE SENSEX is up 13.2% over the year.

Current Valuations

At the current price of Rs 329.9, the price to earnings (P/E) ratio of BERGER PAINTS stands at 64.3 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 14.6 times.

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Related Views on News

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

Feb 4, 2019 | Updated on Feb 4, 2019

For the quarter ended December 2018, BERGER PAINTS has posted a net profit of Rs 1 bn (up 5.3% YoY). Sales on the other hand came in at Rs 16 bn (up 20.8% YoY). Read on for a complete analysis of BERGER PAINTS's quarterly results.

BERGER PAINTS Announces Quarterly Results (2QFY19); Net Profit Up 8.1% (Quarterly Result Update)

Nov 6, 2018 | Updated on Nov 6, 2018

For the quarter ended September 2018, BERGER PAINTS has posted a net profit of Rs 1 bn (up 8.1% YoY). Sales on the other hand came in at Rs 15 bn (up 16.3% YoY). Read on for a complete analysis of BERGER PAINTS's quarterly results.

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