Berger Paints posts 60% increase in Q4 net at Rs 93 cr

Net sales and other operating income up 8.6% to Rs 1,130 crore

Backed by its growing impetus on mechanised painting solutions and focus on the industrial and automotive business units besides the decorative paints division, Berger Paints on Monday posted an increase of 59.7 per cent at Rs 92.8 crore in its consolidated net profit for the quarter ended March 31, 2016.

Its net profit during the corresponding quarter of the 2014-15 fiscal year stood at Rs. 58.1 crore.

On a consolidated basis, the Kolkata-based company's net sales and other operating income for the quarter under review stood at Rs 1,129.7 crore as against Rs.1,040.4 crore in the corresponding quarter of the last year, representing an increase of 8.6 per cent.

The paints company's Board has recommended a total dividend of Rs. 1.65 (165 per cent) per equity share of Re. 1 each. Out of this, Re. 0.65 or 65 per cent per equity share has been paid as interim dividend.