Berger Paints is trading higher by about 4% at Rs 188 after the paint maker reported 57% year-on-year (yoy) growth in consolidated net profit at Rs 77 crore for the quarter ended on December 31, 2012 (Q3) on the back of higher sales.
“Consolidate total income from operations up 18% to Rs 920 crore from Rs 783 crore during the recently concluded quarter,” Berger Paints said in a statement.
Earnings before deprecation, interest and tax (EBDIT) has increased by 38% yoy to Rs 117 crore, while EBDIT margins improved by almost two percentage points to 12.71% over the previous year quarter.
The stock opened at Rs 185 and hit a new high of Rs 189 on the National Stock Exchange. As many as a combined 533, 655 shares have already changed hands on the counter till early noon deals against an average sub 500,000 shares that were traded daily in past two weeks.
