Berger Paints scales record high after strong Q3 result

Berger Paints India advanced 3.5% to Rs 277.60 at 11:38 IST on BSE after net profit rose 37.8% to Rs 101.11 crore on 10.2% growth in net sales to Rs 1074.07 crore in Q3 December 2015 over Q3 December 2014.

The result was announced after market hours yesterday, 4 February 2016.

Meanwhile, the S&P BSE Sensex was up 184.74 points or 0.76% at 24,523.17

On BSE, so far 82,369 shares were traded in the counter as against average daily volume of 41,547 shares in the past one quarter. The stock hit a high of Rs 280.45 in intraday trade so far, which is record high for the counter. The stock hit a low of Rs 270.25 so far during the day. The stock had hit a 52-week low of Rs 171.05 on 16 June 2015. The stock had outperformed the market over the past one month till 4 February 2016, rising 1.92% compared with 5.01% decline in the Sensex. The scrip had also outperformed the market in past one quarter, rising 16.33% as against Sensex's 8.34% fall.

The large-cap company has equity capital of Rs 69.35 crore. Face value per share is Re 1.

Berger Paints India's earnings before depreciation, interest and tax (EBDIT) rose 28.93% to Rs 181.57 crore in Q3 December 2015 over Q3 December 2014.

Berger Paints India manufactures and markets a range of decorative and industrial paint products and has operations throughout India.

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