Financial Results for the quarter and year ended 31st March, 2021

Highlights of the Consolidated Quarterly Results:

a.    Revenue from Operations for the quarter ended 31^st March, 2021 was Rs. 2026.09 crores as against Rs. 1354.84 crores in the corresponding quarter of the last financial year, representing an increase of 49.5% over the corresponding period of last financial year

b.    EBIDTA (excluding Other income) for the quarter ended 31^st March, 2021 was Rs. 335.57 crores as against Rs. 208.42 crores in the corresponding quarter of the last financial year, representing an increase of 61.0% over the corresponding period of last financial year

c.     Net profit for the quarter ended 31^st March, 2021 was Rs. 208.60 crores as against Rs.103.18 crores in the corresponding quarter of the last financial year, representing an increase of 102.2% over the corresponding period of last financial year

Highlights of the Standalone Quarterly Results:

a.    Revenue from Operations for the quarter ended 31^st March, 2021 was Rs. 1797.04 crores as against Rs. 1174.82 crores in the corresponding quarter of the last financial year, representing an increase of 53.0% over the corresponding period of last financial year

 

d.    EBIDTA (excluding Other income and exceptional items) for the quarter ended 31^st March, 2021 was Rs. 302.68 crores as against Rs. 190.90 crores in the corresponding quarter of the last financial year, representing an increase of 58.6% over the corresponding period of last financial year

e.    Net profit for the quarter ended 31^st March, 2021 was Rs. 184.69 crores, as against Rs.194.65 crores recorded in the corresponding quarter of the previous financial year. The net profit for the quarter ended 31^st March, 2021 included Rs. 3.92 crores as other income from dividend as against Rs. 100.09 crores in the corresponding quarter of the previous financial year and hence, the figures for both the periods are not comparable.

Highlights of the Consolidated Yearly Results:

a.    Revenue from Operations for the year ended 31^st March, 2021 was Rs. 6817.59 crores as against Rs. 6365.82 crores in the corresponding financial year, representing an increase of 7.1%  over the last financial year

b.    EBIDTA (excluding Other income) for the year ended 31^st March, 2021 was Rs. 1187.98 crores as against Rs. 1060.99 crores in the corresponding financial year, representing an increase of 12.0% over the last financial year

c.     Net profit for the year ended 31^st March, 2021 was Rs. 719.72 crores as against Rs.656.10 crores in the corresponding last financial year, representing an increase of 9.7% over the last financial year

Highlights of the Standalone Yearly Results:

a.    Revenue from Operations for the year ended 31^st March, 2021 was Rs. 6021.41 crores as against Rs. 5691.69 crores in the corresponding financial year, representing an increase of 5.8%  over the last financial year

b.    EBIDTA (excluding other income and exceptional items) for the year ended 31^st March, 2021 was Rs. 1096.95 crores as against Rs. 957.80 crores in the corresponding last financial year, representing an increase of 14.5% over the last financial year

c.     Net profit for the financial year ended 31^st March, 2021 was Rs. 680.78 crores as against Rs. 699.05 crores recorded in the previous financial year. The net profit for the quarter ended 31^st March, 2021 included Rs. 3.92 crores as other income from dividend as against Rs. 100.09 crores in the previous financial year and hence, the figures for both the financial years are not comparable

d.    Exceptional items for the year ended 31^st March, 2021 comprised provision for impairment of Rs. 14.80 crores towards carrying values of its investment in its wholly owned subsidiary, Berger Paints Cyprus Limited (BPCL) on account of accumulated losses sustained by the ultimate wholly owned subsidiary Berger Paints Overseas Limited (BPOL) due to downtown in Russian Economy. However this does not have any impact on the consolidated financial statement of the company, since year wise losses have been fully recognized in the respective consolidated financial statements in the normal course

The board recommended dividend of Rs. 2.80 (280%) per equity share of Re.1/= each for the financial year ended 31^st March, 2021