Berger Paints Q3 net up 56.41% at 77 cr

Net sales grew 17% at Rs. 917 cr in the quarter under review as against Rs.781 cr a year ago

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Digbijay Mishra Kolkata
Last Updated : Feb 06 2013 | 7:28 AM IST

Decorative paints major Berger Paints India has reported a net profit of  Rs 76.8 crore in the third quarter of the current financial year compared to Rs 49.1 crore in the same period a year ago, registering a 57 per cent jump.

The company's net sales grew by 17.36 per cent at  Rs. 917.10 crore in the quarter under review as against Rs.781.4 crore in the corresponding quarter of the last fiscal.

Company MD & CEO Abhijit Roy told Business Standard that during the quarter company's subsidiaries in Nepal and Poland performed well which helped in a stronger profit after tax (PAT). “Berger being a decorative major, the softening of Rutile (key raw material) prices also helped substantially,” he added.

Following the results, company's shares hit a new high on BSE  at Rs 182.35  and settled at Rs  179.85 on the bourses.

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First Published: Feb 02 2013 | 8:30 PM IST

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