New Delhi, Berger Paints India Ltd on Wednesday reported 19.68 per cent rise in consolidated net profit at Rs 222.62 crore for the fourth quarter ended March 2024.
The company had posted a consolidated net profit of Rs 186.01 crore in the same quarter a year ago, Berger Paints India said in a regulatory filing.
Consolidated revenue from operations during the quarter under review stood at Rs 2,520.28 crore as against Rs 2,443.63 crore in the same period last year.
Total expenses in the fourth quarter stood at Rs 2,274.13 crore, compared to Rs 2,178.58 crore a year ago.
The company said consolidated net profit for the financial year ending March 31, 2024, stood at Rs 1,169.8 crore, up from Rs 860.4 crore last year.
In FY24, consolidated revenue from operations stood at Rs 11,198.92 crore, up from Rs 10,567.84 crore in FY23.
The board of directors of the company, in its meeting held on Wednesday, has recommended a dividend of Rs 3.50 per equity share of face value of Re 1 for the financial year 2023-24, subject to the approval of shareholders in the upcoming annual general meeting. meeting.
Abhiji, Managing Director and CEO, Berger Paints India, said, “We regained market share in FY24 and marked a milestone by crossing Rs 10,000 crore in revenue and Rs 1,000 crore PAT on a stand-alone basis. Which is also important on our 100th year in India." Roy said.
He said the company has seen double-digit improvement in profitability, with all business segments reporting strong double-digit volume growth, particularly the industrial segment.
On the outlook, Roy said, “We are confident of an improved demand scenario in the coming year and have prepared for it with the launch of several new products in the paint, coatings and waterproofing segments to ensure that we provide relevant solutions. " The changing needs of your customers.”
The company had posted a consolidated net profit of Rs 186.01 crore in the same quarter a year ago, Berger Paints India said in a regulatory filing.
Consolidated revenue from operations during the quarter under review stood at Rs 2,520.28 crore as against Rs 2,443.63 crore in the same period last year.
Total expenses in the fourth quarter stood at Rs 2,274.13 crore, compared to Rs 2,178.58 crore a year ago.
The company said consolidated net profit for the financial year ending March 31, 2024, stood at Rs 1,169.8 crore, up from Rs 860.4 crore last year.
In FY24, consolidated revenue from operations stood at Rs 11,198.92 crore, up from Rs 10,567.84 crore in FY23.
The board of directors of the company, in its meeting held on Wednesday, has recommended a dividend of Rs 3.50 per equity share of face value of Re 1 for the financial year 2023-24, subject to the approval of shareholders in the upcoming annual general meeting. meeting.
Abhiji, Managing Director and CEO, Berger Paints India, said, “We regained market share in FY24 and marked a milestone by crossing Rs 10,000 crore in revenue and Rs 1,000 crore PAT on a stand-alone basis. Which is also important on our 100th year in India." Roy said.
He said the company has seen double-digit improvement in profitability, with all business segments reporting strong double-digit volume growth, particularly the industrial segment.
On the outlook, Roy said, “We are confident of an improved demand scenario in the coming year and have prepared for it with the launch of several new products in the paint, coatings and waterproofing segments to ensure that we provide relevant solutions. " The changing needs of your customers.”
