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Berger Paints has reported a net profit of Rs 62.55 crore in the first quarter of 2014-15, up 14 per cent against Rs 55.16 crore in the corresponding period last year.
Total income from operations also grew 15 per cent to Rs 940.56 (Rs 818.35 crore).
Earlier after the company’s AGM here, Abhijit Roy, Managing Director, said that the first phase of the company’s water-based paint plant at Hindupur in Andhra Pradesh is expected to be commissioned next month after getting delayed for some months for certain clearance.
The powder coating unit at Jejuri in Maharashtra is also likely to be commissioned in September, he added. While Hindupur (phase I) capacity is 80,000 tonnes a year, Jejuri would have a capacity of producing 900 tonnes a year.
The revenue outlook of the company during this financial year appears better as the raw material cost and rupee value against dollar stabilised.
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