Berger Paints net profit rises 40%

New Delhi: Berger Paints India on Wednesday reported a 40 per cent rise in consolidated net profit at Rs 354.91 crore for the June quarter. The company, which had posted a consolidated net profit of Rs 253.71 crore for the same period in the last fiscal, said its board has approved the issue of one bonus equity share of face value of Re 1 each against 5 equity shares of the face value of Re 1 each, subject to shareholders' approval. Consolidated revenue from operations during the first quarter of the current fiscal was Rs 3,029.51 crore as against Rs 2,759.7 crore in the year-ago period, Berger Paints India said in a regulatory filing. Total expenses were higher at Rs 2,570.68 crore as compared to Rs 2,433.92 crore in the year-ago quarter.