Berger Paints Q1 net up 16.41%

The company had posted a net profit of Rs 31.92 crore in the quarter ended June 30,2010.

Berger Paints posted a 16.41 per cent increase in its net profit to Rs 37.16 crore for the quarter ended June 30,2011 over the same period last fiscal.

The company had posted a net profit of Rs 31.92 crore in the quarter ended June 30,2010,Berfer Paints said in a filing to the Bombay Stock Exchange (BSE).

During the reporting quarter,the company had a 30.28 increase in its net sales to Rs 693.12 as against Rs 532 crore in the corresponding quarter last fiscal.

Story continues below this ad

On a standalone basis,the company reported a 11 per cent jump in its net profit to Rs 41 crore as against Rs 37 crore posted in the corresponding quarter last fiscal.

Berger Paints’ standalone net sales for the quarter stood at Rs 641 crore,a 31 per cent increase from Rs 491 crore recorded in the year-ago period.

Shares of Berger Paints today settled at Rs 103.10 on the BSE,down by 0.63 per cent from previous close.

H-1B $100,000 entry fee explained: Who pays, who’s exempt, and what’s still unclear?

Explained7 hr ago

The White House's decision to impose a $100,000 entry fee on H-1B visa holders has sparked worry among Indian tech workers and students. While uncertainties remain about its implementation and exemptions, major tech companies have cautioned employees against traveling. The policy could lead to a shift towards other visa categories and potentially change the STEM immigration pipeline.

View all shorts

Live Blog