Berger Paints Posts 54.50% Growth in Profits : Result Analysis

The paint industry is at a high note right now, after Asian Paints and Nerolac Paints showed blockbuster results, it’s time for Berger paints. Berger Paints has increased its** profit** by 54.50% and revenue by 10.63%.

• Operating margin increased by** 2%** from 10.74% in June 2015 to 12.56% in Q1 current year due to decrease in raw material cost.

• The company has decreased its debt, as finance cost has reduced by 69%. an on the other hand other income has also increased.

• Company has paid 33% of PBT as tax, where as last year same quarter, the company had paid 37% of PBT as tax.

Other Notes:

Company has issued bonus shares in the ratio 2:5, i.e 2 bonus shares for every 5 shares whose name appears in register of members as on 18th July 2016.

The stock was up by 0.5% post results in a mid-day trade.

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