Pidilite Industries Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015
January 29, 2016 at 07:19 am
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Pidilite Industries Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2015. For the quarter, on the standalone basis, net sales/income from operation was INR 11,699.3 million against INR 10,757.3 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,582.6 million against INR 1,604.2 million a year ago. Profit from ordinary activities before tax was INR 2,644.5 million against INR 1,606.7 million a year ago. Net profit was INR 1,857.0 million or INR 3.62 per basic and diluted share before and after extraordinary item against INR 1,237.2 million or INR 2.41 per basic and diluted share before and after extraordinary item a year ago. EBITDA, before non-operating income & exceptional items at INR 2,868 million is higher by 52.4% over the same quarter last year.
For the nine months, on the standalone basis, net sales/income from operation was INR 36,269.0 million against INR 34,123.6 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 8,099.3 million against INR 5,444.2 million a year ago. Profit from ordinary activities before tax was INR 8,345.8 million against INR 5,682.0 million a year ago. Net profit was INR 5,880.0 million or INR 11.46 diluted share before and after extraordinary item against INR 4,246.4 million or INR 8.28 per basic and diluted share before and after extraordinary item a year ago. EBITDA, before non-operating income & exceptional items at INR 8,952 million grew by 43.5%.
For the quarter, on the consolidated basis, net sales/income from operation was INR 13,323.2 million against INR 11,963.4 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 2,622.5 million against INR 1,627.1 million a year ago. Profit from ordinary activities before tax was INR 2,681.2 million against INR 1,618.3 million a year ago. Net profit was INR 1,857.0 million or INR 3.62 per basic and diluted share before and after extraordinary item against INR 1,241.4 million or INR 2.42 per diluted share before and after extraordinary item a year ago. EBITDA, before non-operating income & exceptional items at INR 2,953 million grew by 52.7%.
For the nine months, on the consolidated basis, net sales/income from operation was INR 41,079.1 million against INR 37,830.0 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 8,423.0 million against INR 5,528.2 million a year ago. Profit from ordinary activities before tax was INR 8,632.2 million against INR 5,749.9 million a year ago. Net profit was INR 6,048.5 million or INR 11.75 per diluted share before and after extraordinary item against INR 4,290.2 million or INR 8.42 per diluted share before and after extraordinary item a year ago. EBITDA, before non-operating income & exceptional items at INR 9,403 million grew by 46.9%.
Pidilite Industries Limited is an India-based manufacturer of adhesives and sealants, construction chemicals, craftsmen products, DIY (Do-It-Yourself) products, and polymer emulsions. The Company, together with its subsidiaries, is focused on consumer and industrial specialty chemicals. The Company's segments include Consumer and Bazaar (C&B), Business to Business (B2B), and Others. The C&B segment covers the sale of products mainly to end consumers, which are retail users such as carpenters, painters, plumbers, mechanics, households, students and offices, among others. The Company's products include adhesives, sealants, art and craft materials and construction and paint chemicals. The B2B segment includes industrial products such as adhesives, synthetic resins, organic pigments, pigment preparations, construction chemicals (projects) and surfactants, among others. It caters to various industries, such as packaging, textiles, joineries, printing inks, paper and leather, among others.
Pidilite Industries Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2015