Read more about Berger Paints India consolidated net profit rises 101.11% in the March 2021 quarter on Business Standard. Sales rise 49.54% to Rs 2026.09 crore
Read more about Berger Paints gains after Q4 PAT spurts to Rs 209 cr on Business Standard. Berger Paints India rose 1.66% to Rs 833.20 after paint maker s consolidated net profit surged 101% to Rs 208.59 crore in Q4 FY21 as against Rs 103.72 crore in Q4 FY20.
May 26, 2021
Expectation of stimulus, falling Covid cases to anchor market direction
The Indian market on Wednesday will likely open on a flat note on lack of clear direction from global markets. However, with with May derivative contracts expiring on Thursday (tomorrow), the market is likely to witness volatility.
However, according to analysts, reports of a Government stimulus package and falling Covid-19 cases are positive triggers.
The SGX Nifty futures is currently ruling at 15,240 (8 am IST), indicating a flat opening for the Nifty. The Nifty May and June futures on Tuesday closed at 15,218 and 15,248.10 respectively.
After opening positive on Tuesday, US stocks too ended flat surrendering initial gains. Similarly, Asia-Pacific markets such as Japan, China, Hong Kong, Australia, Taiwan and Korea are also witnessing a lackadaisical trading on Wednesday.
Berger Paints Q4 standalone net dips 5% to ₹185 crore
May 26, 2021
Revenue from operations up 53% The country’s second largest paint company, Berger Paints India, reported a 5 per cent drop in standalone net profit at ₹185 crore for the quarter ended March 31 against ₹195 crore reported in the year-ago-period.
The company, in a statement to the bourses, said the figures of both the period are not comparable. Net profit in Q4FY21included ₹3.92 crore as other income from dividend, as against ₹100.09 crore in the corresponding quarter of the previous fiscal.
Revenue from operations during the March quarter shot up by over 53 per cent, ₹1,797 crore. Ebitda (excluding other income and exceptional item) stood at ₹303 crore.