Berger Paints net profit rises by 54% yoy in Q1FY17

Berger Paints reported Rs 120.26 crore for the June quarter ended 2016, registering growth of 54.49% yoy (year-on-year) and 29.07% qoq (quarter-on-quarter).

The total income for the quarter stood at Rs 1246.08, rising by 10.63% yoy and 9.37% qoq.

It’s consolidated operating profit was around Rs 195.09 crore, also showing robust growth of 34.47% yoy and 25.05% qoq. It operating profit margin (OPM) stood at 15.65%, expanding by 277 basis points yoy and 196 basis points qoq.

On standalone basis, the company’s net profit stood at Rs 114.23 crore, witnessing growth of 37.18% yoy and 20.14% qoq. It’s total income stood at Rs 1160.39 crore, increasing by 9.60% yoy and 10.11% qoq.

While standalone operating profit was at Rs 186.65 crore, growing by 28.10% yoy and 22.38% qoq. It’s OPM was around 16.08%, expanding by 232 basis point yoy and 161 basis points qoq.