Berger Paints gains post Q1 earnings
The company is planning to double its capacity to 42,000 tonnes per month by the end of 2013 at an investment of Rs140 crore
Berger Paints is trading higher by 3% at Rs 141 on reporting 19% jump in net profit at Rs 44 crore for the quarter ended June 2012, against Rs 37 crore in previous year quarter. Net sales grew 16% at Rs 803 crore on year-on-year basis.
Operating or EBDIT (earnings before depreciation, interest and tax) improved to 10.58% from 10.24% during the recently concluded quarter.
improve
Meanwhile, the country’s second-largest paints company, is planning to double its capacity to 42,000 tonnes per month by the end of 2013 at an investment of Rs140 crore, the report suggests.
Besides acquiring additional capacity in India, the company will likely wrap up an overseas acquisition or technology collaboration, added report.
The stock opened at Rs 136 and touched a high of Rs 142 on the BSE. A total 60,000 shares have changed hands on the counter so far on both the exchanges.
Source: Business Standard
Similar Posts:
Latest Query
- by Sam
Market Stats
Search Our Archives
Research Desk
- Stocks Trading above their 50 day moving average - DMA In Stock Research
- Download free Ebooks based on Technical Analysis In Personal Training
- TOP 100 Stocks with the Highest P/E as on July 14th, 2013 In Stock Research
- TOP 100 Stocks with the Lowest P/E as on July 14th, 2013 In Stock Research
- Charting Pathsala - Your guide to Techincals In Technical Analysis
