Berger Paints Q3 net up 12% to Rs 49 cr

Berger Paints today said its consolidated net profit rose by 11.94% to Rs 49 crore for the quarter ended December 31, 2011, vis-a-vis the same period last fiscal.

The company had posted a net profit of Rs 43.85 crore for the quarter ended December 31, 2010, Berger Paints India said in a filing to the BSE.

Consolidated net sales of the company stood at Rs 781.37 crore for the quarter ended December 31, 2011, as against Rs 619.16 crore for  corresponding period of the previous fiscal.

The standalone net profit of the firm rose by 22% to Rs 45 crore during the quarter under review from Rs 37 crore in the same period a year ago.

Shares of Berger Paints India settled at Rs 97.50 apiece on the BSE today, up 2.20% from their previous close.