|Chennai||Rs. 28730.00 (1.13%)|
|Mumbai||Rs. 29740.00 (-0.13%)|
|Delhi||Rs. 29200.00 (0%)|
|Kolkata||Rs. 29350.00 (0%)|
|Kerala||Rs. 28000.00 (0%)|
|Bangalore||Rs. 28400.00 (0%)|
|Hyderabad||Rs. 28470.00 (-0.11%)|
Decorative paints major Berger Paints India reported a net profit of Rs 77 crore in the third quarter of the current financial year compared with Rs 49 crore in the corresponding period a year ago, registering a jump of 57 per cent.
Net sales grew 17 per cent at Rs 917 crore in the quarter against Rs 781 crore in the same quarter last year. MD & CEO Abhijit Roy said during the quarter subsidiaries in Nepal and Poland performed well, which helped post a stronger profit after tax.
"Being a decorative major, the softening of Rutile (key raw material) prices also helped substantially," he added.
Following the results, company's shares hit a new high on BSE at Rs 182.35 and settled at Rs 179.85 on the bourses.