Berger Paints Q4 profit down marginally at Rs 44 cr

Berger Paints today reported a marginal decline in its consolidated net profit at Rs 43.80 crore for the fourth quarter ended March 31, 2013.

The company had posted a consolidated net profit of Rs 44.57 crore in same quarter of the previous fiscal, the company said in a statement.

Total consolidated income during the quarter under review was Rs 808.59 crore as against Rs 746.87 crore in the year-ago period, it added.

For the financial year ended March 31, 2013, the company posted a consolidated net profit of Rs 218.40 crore as against Rs 180.04 crore in the previous fiscal.

Total consolidated income in 2012-13 was Rs 3,346.41 crore as compared to Rs 2,947.73 crore in 2011-12.

Meanwhile, in a separate filing, Berger Paints said its Board of Directors has recommended a dividend of Rs 1.80 per share of face value of Rs 2 each.

It would be subject to approval at company's Annual General Meeting to be held on August 02, 2013.

Shares of Berger Paints today closed at Rs 241.90 per scrip, down 0.66% from the previous close on the BSE.