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

Share value of Berger Paints declined greater than 4 pe rcent on Thursday, May 27, a day after the multinational paint firm introduced its January-March quarter outcomes for the monetary 12 months 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 to this point. According to a regulatory submitting by the agency to the inventory exchanges, Berger Paints reported a internet revenue of Rs 208.60 crore on a consolidated foundation within the January-March quarter.

The firm’s internet revenue within the fourth quarter of the fiscal 12 months 2020-21, greater than doubled on account of upper income from operations. According to the assertion, Berger Paints reported a internet 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. The firm’s board of administrators advisable for the fee of a dividend of Rs 2.80, or 280 per cent, per fairness share of the face worth of Re 1 every, totally paid-up for the monetary 12 months 2020-21, upon approval of the shareholders.

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 to this point. It was final buying and selling 4.14 per cent decrease at Rs 797.90 on the NSE.

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