Berger Paints Ltd Reports Unaudited Consolidated and Standalone Financial Results for the Second Quarter and Six Months Ended September 30, 2017
November 02, 2017 at 02:00 pm EDT
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Berger Paints India Limited reported unaudited consolidated and standalone financial results for the second quarter and six months ended September 30, 2017. For the quarter, on standalone basis the company reported total income of INR 11,530.7 million as compared to INR 11,593.8 million for the same period last year. Profit before exceptional items and tax was INR 1,660.5 million as compared to INR 1,449.3 million for the same period last year. Profit before tax was INR 1,660.5 million as compared to INR 2,316.0 million for the same period last year. Net profit for the period was INR 1,082.5 million as compared to INR 1,613.2 million for the same period last year. Basic and diluted earnings per share before exceptional items were INR 1.11 as compared to INR 0.77 for the same period last year. EBIDTA was INR 1,819.9 million compared to INR 1,558.5 million for the same period last year.
For the six months, on standalone basis the company reported total income of INR 24,258.1 million as compared to INR 23,288.7 million for the same period last year. Profit before exceptional items and tax was INR 3,248.5 million as compared to INR 3,168.0 million for the same period last year. Profit before tax was INR 3,248.5 million as compared to INR 4,034.7 million for the same period last year. Net profit for the period was INR 2,134.2 million as compared to INR 2,755.5 million for the same period last year. Basic and diluted earnings per share before exceptional items were INR 2.20 as compared to INR 1.95 for the same period last year.
For the quarter, on consolidated basis the company reported total income of INR 12,918.3 million as compared to INR 12,897.5 million for the same period last year. Profit before exceptional items and tax was INR 1,735.5 million as compared to INR 1,675.3 million for the same period last year. Profit before tax was INR 1,735.5 million as compared to INR 2,117.3 million for the same period last year. Net profit for the period was INR 1,113.4 million as compared to INR 1,387.8 million for the same period last year. Basic and diluted earnings per share before exceptional items were INR 1.15 as compared to INR 0.97 for the same period last year. EBIDTA was INR 1,991.3 million compared to INR 1,787.8 million for the same period last year.
For the six months, on consolidated basis the company reported total income of INR 26,688.4 million as compared to INR 25,458.7 million for the same period last year. Profit before exceptional items and tax was INR 3,420.1 million as compared to INR 3,472.7 million for the same period last year. Profit before tax was INR 3,420.1 million as compared to INR 3,914.7 million for the same period last year. Net profit for the period was INR 2,242.2 million as compared to INR 2,590.4 million for the same period last year. Basic and diluted earnings per share before exceptional items were INR 2.31 as compared to INR 2.21 for the same period last year.
Berger Paints India Limited is an India-based company, which is engaged in the manufacturing and selling of paints. The Company offers products in categories, including interior wall coatings, exterior wall coatings, exterior textures, metal finishes, wood finishes, under coats, water proofing solutions. Its designer finishes include Silk GlamArt Metallica, Silk GlamArt Metallica for Designs, Silk GlamArt Non-Metallic, Silk GlamArt Stones and Tones, Silk GlamArt Stucco. Its interior emulsions include Silk Breathe Easy, Silk Glamor Matt, Silk Glow and Silk Glamor Soft Sheen. Its interior wall distempers include Bison Distemper. The Company's exterior emulsions include WeatherCoat Long Life 10, WeatherCoat Long Life 7, WeatherCoat Anti Dustt, WeatherCoat Long Life PU Tile Coat, and Never Miss Ceiling White. Its Sandila Plant is the manufacturing facility of the Company in India with capability to produce 33,000 MT per month, bulk of which is water-based paint.