Berger Paints Q2 net up 17% to Rs 62.67 cr

Company posted consolidated net profit of Rs 53 crore during the July-September quarter of last fiscal

Berger Paints today reported 17.29% increase in consolidated net profit at Rs 62.67 crore for the second quarter ended September 30, 2013-14.

The company had posted consolidated net profit of Rs 53.43 crore during the July-September quarter of last fiscal, 2012-13, Berger Paints said in a filing to the BSE.

The company's net sales during Q2, 2013-14 stood at Rs 961.79 crore, an increase of 18.98% as compared to Rs 808.34 crore in the year-ago period.

Overall expenses in Q2 stood at Rs 878.5 crore, up 19.55% as compared to Rs 734.79 crore in the corresponding period last year.

The company's shares were trading at Rs 236.50 per scrip, up 2.65% from the previous close on BSE.