Pidilite Industries Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Third Quarter and Nine Months Ended December 31, 2012
January 28, 2013
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Pidilite Industries Limited reported unaudited standalone and consolidated earnings results for the third quarter and nine months ended December 31, 2012. For the quarter, on standalone basis, the company reported net sales or income from operations of INR 8,327.6 million compared to INR 6,852.2 million last year. Profit from operations before other income, finance cost was exceptional items was INR 1,372.2 million compared to INR 1,086.0 million last year. Profit from ordinary activities before tax was INR 1,654.6 million compared to INR 1,011.3 million last year. Net profit was INR 1,241.9 million or INR 2.43 per diluted share before extraordinary item and after extraordinary item compared to INR 742.9 million or INR 1.43 per diluted share before extraordinary item and after extraordinary item last year.
For the nine months, on standalone basis, the company reported net sales or income from operations of INR 25,708.9 million compared to INR 21,518.8 million last year. Profit from operations before other income, finance cost and exceptional items were INR 4,494.8 million compared to INR 3,686.4 million last year. Profit from ordinary activities before tax was INR 4,852.3 million compared to INR 3,542.3 million last year. Net profit was INR 3,615.9 million or INR 7.11 per diluted share before extraordinary item and after extraordinary item compared to INR 2,635.3 million or INR 5.06 per diluted share before extraordinary item and after extraordinary item last year.
For the quarter, on consolidated basis, the company reported net sales or income from operations of INR 9,270.0 million compared to INR 7,680.5 million last year. Profit from operations before other income, finance cost and exceptional items were INR 1,313.2 million compared to INR 1,038.5 million last year. Profit from ordinary activities before tax was INR 1,595.9 million compared to INR 1,058.4 million last year. Net profit was INR 1,189.9 million or INR 2.31 per diluted share before extraordinary item and after extraordinary item compared to INR 786.3 million or INR 1.51 per diluted share before extraordinary item and after extraordinary item last year.
For the nine months, on consolidated basis, the company reported net sales or income from operations of INR 28,245.4 million compared to INR 23,944.6 million last year. Profit from operations before other income, finance cost and exceptional items were INR 4,306.3 million compared to INR 3,570.8 million last year. Profit from ordinary activities before tax was INR 4,655.0 million compared to INR 3,515.7 million last year. Net profit was INR 3,426.7 million or INR 6.72 per diluted share before extraordinary item and after extraordinary item compared to INR 2,604.2 million or INR 5.00 per diluted share before extraordinary item and after extraordinary item last year.
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, 2012