Berger Paints Q1FY24 Results: Consolidated PAT Rises to Rs. 354.91 Cr

Berger Paints anticipates margin stability amid oil price surge

Berger Paints Q1 results show revenue up from 2,458.70 crores to 3,043.09 crores, a 23.77% increase in growth. EPS rise from ₹1.91 to ₹3.65, up by 91.10%.

First, Let’s Begin with Quarter-on-Quarter Basis:

Berger Paints shared its Q1 results on Wednesday. They earned 3,043.09 crores in revenue this quarter, but that’s more than the 2,458.70 crores they made last quarter. The company’s growth increased by 23.77 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 354.91 crores, up from 186.01 crores in the previous quarter. Their quarter-to-quarter growth increased by 90.80 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹3.65, which is an increase of 91.10% from the ₹1.91 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 3,043.09 crores this year (2023), which is 9.75 percent higher than last year’s total revenue of 2,772.74 crores.

This year’s PAT (Profit After Tax) is 354.91 crores, which is also 39.89% higher than last year’s PAT of 253.71 crores.

The EPS (Earnings Per Share) for this year is ₹3.65, which is 39.85% more than the EPS of ₹2.61 earned last year.

Also Read: SJVN Q1FY24 Results: Consolidated PAT of Rs. 271.75 Cr

Berger Paints Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About Berger Paints:

Berger Paints Ltd, headquartered in Kolkata, is an Indian multinational paint company. With manufacturing units in various locations, including Howrah, Rishra, Arinso, Taloja, Naltoli, Goa, Devla, Hindupur, Jejuri, Jammu, Puducherry, and Udyognagar, the company operates a total of 16 manufacturing units in India. Additionally, it has two manufacturing units in Nepal and one each in Poland and Russia.

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