Berger Paints net profit declines 8% to Rs 253 cr in Q3 FY22
Paint

Berger Paints net profit declines 8% to Rs 253 cr in Q3 FY22

On Wednesday, Berger Paints India Ltd had reported an 8% decline in its consolidated net profit to Rs 252.97 crore for the December 2021 quarter.

The operational revenue of the company from the period between October and December 2021 had increased by 20.42 % to Rs 2,550.77 crore, in comparison with Rs 2,118.19 crore in the same period last year.

Berger Paints in a regulatory filing said that during the same period last year the company had recorded a net profit of Rs 274.98 crore.

The company’s revenue from their operations in the October-December 2021 period witnessed a rise of 20.42% which is Rs 2,550.77 crore, which was Rs 2,118.19 crore in the same period last year.

In December 2021 the total expenses of Berger Paints India were Rs 2,228.56 crore. There is an increase of 26.26% when compared to Rs 1,764.94 crore in the last year.

On Wednesday the shares of Berger Paints India Limited on the Bombay Stock Exchange (BSE) stood at Rs 722.55, which increased by 0.62% in comparison with their previous closing.

Image Source

Also read: Berger Paints Q1 results: Net profit at Rs 140 crore

On Wednesday, Berger Paints India Ltd had reported an 8% decline in its consolidated net profit to Rs 252.97 crore for the December 2021 quarter. The operational revenue of the company from the period between October and December 2021 had increased by 20.42 % to Rs 2,550.77 crore, in comparison with Rs 2,118.19 crore in the same period last year. Berger Paints in a regulatory filing said that during the same period last year the company had recorded a net profit of Rs 274.98 crore. The company’s revenue from their operations in the October-December 2021 period witnessed a rise of 20.42% which is Rs 2,550.77 crore, which was Rs 2,118.19 crore in the same period last year. In December 2021 the total expenses of Berger Paints India were Rs 2,228.56 crore. There is an increase of 26.26% when compared to Rs 1,764.94 crore in the last year. On Wednesday the shares of Berger Paints India Limited on the Bombay Stock Exchange (BSE) stood at Rs 722.55, which increased by 0.62% in comparison with their previous closing. Image Source Also read: Berger Paints Q1 results: Net profit at Rs 140 crore

Next Story
Infrastructure Energy

REC Transfers HVDC Project to Power Grid

REC Limited has successfully handed over the Special Purpose Vehicle (SPV) for a High-Voltage Direct Current (HVDC) transmission project to Power Grid Corporation of India Limited (PGCIL). This strategic move aligns with the nation's objectives to strengthen its power transmission network. Key Highlights: Project Overview: The HVDC project, under the inter-state transmission system (ISTS) initiative, is a critical component of India's push toward robust and efficient electricity transmission. It aims to handle bulk power transfer across long distances while ensuring minimal losses. Role of RE..

Next Story
Infrastructure Transport

NF Railway Collaborates with IIT Guwahati

The Northeast Frontier (NF) Railway has signed strategic Memorandums of Understanding (MoUs) with IIT Guwahati to foster technological advancements and improve railway operations in the region. This partnership focuses on innovative solutions to enhance safety, efficiency, and sustainability in rail infrastructure. Key Highlights: Purpose of MoUs: The collaboration aims to leverage IIT Guwahati's expertise in technology and research for implementing cutting-edge solutions across railway operations. Key areas of focus include: Automation and digitization in maintenance. Sustainability initiati..

Next Story
Infrastructure Transport

Danapur Division Modernization Plans Revealed

The Railway Board has unveiled ambitious plans for the expansion and modernization of the Danapur Division, a critical hub under the East Central Railway. The initiative focuses on infrastructure development, enhanced passenger amenities, and operational efficiency. Key Highlights: Scope of Modernization: The Railway Board's blueprint emphasizes: Upgrading existing infrastructure to accommodate more passenger and freight traffic. Improving station facilities, such as platforms, waiting areas, and connectivity. Introducing advanced signal systems for safer and smoother operations. Freig..

Hi There!

"Now get regular updates from CW Magazine on WhatsApp!

Join the CW WhatsApp channel for the latest news, industry events, expert insights, and project updates from the construction and infrastructure industry.

Click the link below to join"

+91 81086 03000