Berger Paints logs 35% increase in Q1 net profit, shares up

Berger Paints India shares jumped around 3 per cent in the afternoon trade after the company reported 34.53 per cent rise in a consolidated net profit for the first quarter ended June 30, 2015.

Updated: August 3, 2015 17:45 IST

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Berger Paints India shares jumped over 2 per cent on Monday after the company reported 34.53 per cent rise in a consolidated net profit for the first quarter ended June 30, 2015. The company has earned Rs 77.3 crore compared with Rs 57.46 crore in the correspoding quarter a year ago.

Cheering the news, shares of Berger Paints closed 2.11 per cent higher at Rs 222.55 on Monday.

Around 2.95 lakh shares have changed hands on the Bombay Stock Exchange, against a two-week average volume of 0.38 lakh shares.

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For the quarter ended June 30, 2015, the company reported a consolidatd net sales of Rs 1,117.75 crore, up 5.83 per cent, against Rs 1,056.16 crore in the same quarter last year.

The BSE Sensex closed 0.26 per cent higher at 28,187.06 on Monday.