 "Berger Paints hits lifetime high on strong Q3 results")
Berger Paints India has moved higher by 4% to Rs 278, also its lifetime high on the BSE, after the company reported a strong 38% year on year (YoY) jump in net profit at Rs 101 crore for the third quarter ended December 31, 2015 (Q3FY16) on back of strong operational performance and lower finance cost. The company posted a profit of Rs 73 crore in the same quarter last fiscal.
Meanwhile, net sales of the company grew 10% YoY at Rs 1,074 crore, while total expenditure rose 6% to Rs 925 crore over the previous year quarter.
The company said earnings before depreciation, interest and tax (EBDIT) shot up 29% YoY to Rs 182 crore. EBDIT margin expanded 250 basis points to 16.9% in Q3.
The board declared an interim dividend of Re 0.65 per equity share of Re 1 each fully paid (i.e. 65%) for the financial year 2015-16.
At 12:35 PM, the stock was up 3.5% at Rs 278 on the BSE. The trading volumes on the counter more than doubled with a combined 909,014 shares changed hands on the BSE and NSE.
Meanwhile, net sales of the company grew 10% YoY at Rs 1,074 crore, while total expenditure rose 6% to Rs 925 crore over the previous year quarter.
The company said earnings before depreciation, interest and tax (EBDIT) shot up 29% YoY to Rs 182 crore. EBDIT margin expanded 250 basis points to 16.9% in Q3.
The board declared an interim dividend of Re 0.65 per equity share of Re 1 each fully paid (i.e. 65%) for the financial year 2015-16.
At 12:35 PM, the stock was up 3.5% at Rs 278 on the BSE. The trading volumes on the counter more than doubled with a combined 909,014 shares changed hands on the BSE and NSE.
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