Q1FY21 results: Berger Paints India net profit falls by 91.45 per cent YoY

Berger Paints India Ltd., the second largest paint company in India, announced its quarterly results on August 14, 2020. The company posted a consolidated net profit of Rs 15.09 crore for Q1FY21, which declined by 91.45 per cent YoY, as compared to Q1FY20 when it reported Rs 176.41 crore.                                                                                                                                                      

The consolidated net sales reported in Q1FY21 came in at Rs 930.76 crore, which declined by 45.78 per cent YoY from Rs 1,716.53 crore in Q1FY20. At EBITDA level, the company stood at Rs 92.09 crore in Q1FY21 that decreased by 69.82 per cent YoY. For Q1FY20, it posted an EBITDA of Rs 305.18 crore.                                                                                                                                                               

EBITDA margin as of Q1FY21 was at 9.89 per cent that declined by 7.89 per cent YoY. The net profit margin in Q1FY21 came in at 1.62 per cent, which declined by 8.66 per cent YoY. The net profit margin in Q1FY20 was at 10.28 per cent.                                                                                                  

On Friday, the share of Berger Paints India closed 0.2 per cent down at Rs 550 on BSE. The share has a 52 week high value of Rs 597.45 and 52 week low value of Rs 356.65 on BSE.