Berger Paints India, one of the leading paint manufacturing companies, on February 9, reported a 51.21% rise in its consolidated net profit to Rs 2,749.8 million for the quarter-ended December.

The company had posted a net profit of Rs  1,818.5 million for the corresponding period of the previous fiscal.

Net sales of the company grew 24.90% to Rs 21,181.9 million for the quarter compared to Rs  16,958.7 million for the same period a year ago.

EBIDTA ( excluding other income) for the quarter ended December 2020 was Rs. 4,150 million as against Rs. 2,963 million in the corresponding quarter of the last year representing a growth of 40.1 % over the corresponding period of last year.

Total expenses increased 20.84% to Rs 17,649.4 million for the quarter compared to Rs  14,605.2 million for the same period a year ago.

Berger Paints India EPS has increased to Rs 2.83 in December 2020 from Rs 1.91 in December 2019.

 Shares of the company gained Rs 8.75, or 1.16%, to settle  at  Rs 761.30.  The total volume of shares traded  was  322,470 at  the BSE (Tuesday).