Berger Paints India Limited Financial Results for the quarter ended 30th  June  2018 – GST benefit transferred to Customer immediately

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Express Painting-The Hassel Free Way By Berger Paints
Express Painting-The Hassel Free Way By Berger Paints

Financial Results for the quarter ended 30th  June  2018

Highlights of the Standalone Results:

  1. Revenue from Operations (excluding GST & excise duty, as applicable) for the quarter ended 30th June, 2018 was Rs.1,372.23 crores (previous year: Rs. 1,153.60 crores), representing an increase of 19%.
  2. PBDIT (Profit Before Depreciation, Interest and Tax) for the quarter ended 30th June , 2018 was Rs 230.57 crores as against Rs 186.72 crores in the corresponding quarter last year, representing an increase of 23.5%

Highlights of the Consolidated Results:

  1. Revenue from Operations (excluding GST & excise duty, as applicable) for the quarter ended 30th June, 2018 was Rs.1,483.01 crores (previous year: Rs. 1,228.55 crores), representing an increase of 20.7%. The Company acquired 100% of the paid up equity share capital of Saboo Coatings Private Limited (“SCPL”) after close of business hours on 5th June, 2017. Therefore, the consolidated financial results are not, as such, comparable.
  2. PBDIT (Profit Before Depreciation, Interest and Tax) for the quarter ended, 30th June, 2018 was Rs 243.44 crores against Rs 198.60 crores in the corresponding quarter last year, representing an increase of 22.6%

The Government of India has lowered GST on paints, varnishes and putties from 28% to 18 % with effect from 27th July, 2018. The Company has passed on the benefits to its customers and reduced the MRP on these products with effect from the same date.