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Berger Paints posts net profit of Rs 219.51 crore in Q2 FY23

The company's net consolidated income stood at Rs 2,683.50 crore in Q2 FY23, a growth of 19.91 per cent from Rs 2,238 crore it recorded in the similar quarter last year.

Berger Paints India has reported net consolidated profit after tax (PAT) of Rs 219.51 crore in the quarter ended September 30, 2022. It had registered PAT of Rs 219.21 crore in the corresponding quarter of the previous year, the company said in a BSE filing.

The company’s net consolidated income stood at Rs 2,683.50 crore in Q2 FY23, a growth of 19.91 per cent from Rs 2,238 crore it recorded in the similar quarter last year.

During the quarter, the shareholders have approved dividend of Rs. 3.10 per equity share of Re. 1 each for the financial year ended March 31, 2022 at the annual general meeting held on August 26, 2022.

EBITDA (excluding Other Income) for the quarter ended September 30, 2022 was Rs. 363.95 crore against Rs. 353.99 crore in the corresponding quarter last year, representing an increase of 2.81%, the company said in a media release.

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