 "Image courtesy: Apcotex")
Berger Paints shares slipped as much as 4 per cent to Rs 527.75 apiece on the BSE on Monday after the company reported a 91.44 per cent decline in its consolidated net profit at Rs 15.09 crore for the quarter ended June (Q1FY1), hit by the Covid-19 crisis.
It had posted a net profit of Rs 176.41 crore in the corresponding quarter of the previous fiscal.
Revenue from operations dropped 45.77 per cent to Rs 930.76 crore during the quarter under review, as against Rs 1,716.53 crore earlier. CLICK HERE TO READ FULL REPORT
What brokerages say?
"We believe Berger Paints would
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