Berger Paints India Ltd on Wednesday reported a 19.68 per cent increase in consolidated net profit at ₹222.62 crore in the fourth quarter ended March 2024. The company had posted a consolidated net profit of ₹186.01 crore a year ago.
Revenue from operations stood at ₹2,520.28 crore against ₹2,443.63 crore a year ago. Total expenses were higher at ₹2,274.13 crore compared with ₹2,178.58 crore a year ago.
For the fiscal ended March 31, consolidated net profit was ₹1,169.82 crore, up from ₹860.4 crore in the preceding year. Consolidated revenues stood at ₹11,198.92 crore against ₹10,567.84 crore in FY23.
The board of directors has recommended a dividend of ₹3.50 per equity share of the face value of ₹1 each for the financial year 2023-24.
PFC net jumps 23%
State-owned Power Finance Corporation (PFC) on Wednesday reported a 23 per cent jump in March quarter consolidated net profit at ₹7,556 crore on core income growth.
On a standalone basis, profit grew to ₹4,549 crore from ₹3,695 crore. In 2023-24, consolidated net profit increased to ₹26,461 crore from the year-ago’s ₹21,179 crore.
IIFCL profit rises 44%
India Infrastructure Finance Company Ltd (IIFCL) on Wednesday reported a 44 per cent jump in standalone net profit at ₹1,552 crore for the fiscal ended March 2024 aided by an increase in lending and moderation in bad loans. It had earned a net profit of ₹1,076 crore in FY23.
