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berger paints india turnover |
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Re: berger paints india turnover
Berger Paints turnover for the Financial Year 2015 – 2016 was Rs. 4634.12 crores. Over the previous years (FY 11-12 to FY 15-16), the Company has consistently performed well, as will be evident from the following: • 5 year CAGR (Compounded Annual Growth Rate) of Revenue: 14.42% • Identified as one of the top 7 Listed Companies in India in terms of 5 year CAGR of market capitalization (41%) by Forbes India magazine in their 27th May, 2016 edition • The Company’s rank moved from 138 to 120 in Business Today’s list of 500 India’s most valuable companies of the year, as published in the 8th November, 2015 issue. Financial Performance During the financial year ended 31st March, 2016, the Company achieved net consolidated revenue from operations of Rs. 4634.12 crores as against Rs. 4322.06 crores in the previous year registering a growth of 7.2 %. The profit before depreciation, interest and tax was Rs. 689.87 crores as against Rs. 546.74 crores in the previous year, recording an improvement of 26.2 %. The profit before tax was Rs. 560.85 crores (2014 – 15: Rs. 404.10 crores) and the profit after tax was Rs. 369.77 crores (2014 – 15: Rs. 264.70 crores), representing an increase of 38.8% in profit before tax and 39.7% in profit after tax. It has entered into a business transfer agreement with BNB Coatings India Private Limited (“BNB”) for transfer of the Company’s paints division relating to 4 wheeler passenger cars and SUV, three wheeler and related ancillaries. The turnover of the Division which is to be transferred is about Rs. 29 crores (0.85% of the total turnover of the Company). The division will be transferred on a slump sale basis at a consideration of Rs. 90 crores, payable in cash, within a period of 180 days from the date of the agreement. Berger Paints Annual Reports 2015 - 2016 |
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