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Berger Paints Falls 4% After Profit More Than Doubles In March Quarter

Shares of Berger Paints had been final buying and selling 4.11 per cent decrease at Rs 797.85 on the BSE.

Share value of Berger Paints declined greater than 4 pe rcent on Thursday, Might 27, a day after the multinational paint firm introduced its January-March quarter outcomes for the monetary yr 2020-21. On Thursday, Berger Paints opened on the BSE at Rs 838.95, swinging to an intra day excessive of Rs 838.95 and an intra day low of Rs 787, within the buying and selling session thus far. In response to a regulatory submitting by the agency to the inventory exchanges, Berger Paints reported a web revenue of Rs 208.60 crore on a consolidated foundation within the January-March quarter.

The corporate’s web revenue within the fourth quarter of the fiscal yr 2020-21, greater than doubled on account of upper income from operations. In response to the assertion, Berger Paints reported a web revenue of Rs 103.18 crore in the year-ago interval.

Berger Paint’s income from operations stood at Rs 2,026.09 crore within the March quarter, in comparison with Rs 1,354.84 crore within the corresponding quarter of the earlier fiscal.

On the NSE, Berger Paints opened at Rs 832.35, registering an intra day excessive of Rs 833, and an intra day low of Rs 786.15, within the session thus far. It was final buying and selling 4.14 per cent decrease at Rs 797.90 on the NSE.

Shares of Berger Paints had been final buying and selling 4.11 per cent decrease at Rs 797.85 on the BSE.

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