Berger Paints India posts net profit of Rs 219.21 crore in Q2 FY22

 Berger Paints India has reported a marginal dip of 1 per cent in its consolidated net profit for the quarter ended September 2021. Its profit after tax (PAT) stood at Rs 219.21 crore in Q2 FY22 as against Rs 221.05 crore it recorded in the corresponding quarter of the previous fiscal, the company said in a BSE filing.

The company’s net consolidated total income stood at Rs 2,238 crore, a growth of 27 per cent from Rs 1,765.73 crore it registered in the similar quarter last year.

During the quarter, the shareholders have approved final dividend of Rs 2.80 (280%) per equity share of Re. 1 each for the financial year ended March 31, 2021 at the annual general meeting held on August 27, 2021.

Revenue from operations for the half year ended September 30, 2021 was Rs. 4,023.50 crore, an increase of 50.51% from Rs 2,673.31 crore recorded in similar quarter previous year. Net profit for the half year ended September 30, 2021 increased by 52.32% and stood at Rs 359.69 crore as against Rs. 236.14 crore it registered in the corresponding quarter last year.