Pidilite Industries Limited Announces Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2018; Provides Consolidated Capex Guidance for the Fiscal Year 2019 and 2020
May 24, 2018 at 10:07 am EDT
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Pidilite Industries Limited announced audited consolidated and standalone earnings results for the fourth quarter and year ended March 31, 2018. For the quarter, on standalone basis the company reported revenue from operations of INR 12,736.3 million compared to INR 12,388.0 million a year ago. Profit before exceptional items and tax was INR 2,777.9 million compared to INR 2,583.3 million a year ago. Profit before tax was INR 2,777.9 million compared to INR 1,639.9 million a year ago. Profit for the period was INR 2,381.6 million compared to INR 710.1 million a year ago. Earnings per share on diluted basis were INR 4.68 compared to INR 1.38 a year ago. EBITDA before non-operating income stood at INR 2,550 million and was largely flat over the same quarter last year.
For the year, on standalone basis the company reported revenue from operations of INR 54,909.6 million compared to INR 52,986.5 million a year ago. Profit before exceptional items and tax was INR 13,312.8 million compared to INR 12,390.6 million a year ago. Profit before tax was INR 13,312.8 million compared to INR 11,447.2 million a year ago. Profit for the period was INR 9,551.9 million compared to INR 7,737.9 million a year ago. Earnings per share on diluted basis were INR 18.80 compared to INR 15.09 a year ago. EBITDA was INR 12,940 million and grew by 5% over the previous financial year.
For the quarter, on consolidated basis the company reported revenue from operations of INR 14,853.1 million compared to INR 14,043.2 million a year ago. Profit before tax was INR 2,932.2 million compared to INR 2,543.6 million a year ago. Profit for the period was INR 2,475.2 million compared to INR 1,572.3 million a year ago. Profit attributable to owners of the company was INR 2,441.1 million compared to INR 1,569.0 million a year ago. Earnings per share on basic and diluted basis were INR 4.80 compared to INR 3.06 a year ago. EBITDA, before non-operating income, stood at INR 2,740 million for the quarter and grew by 5% over the same quarter last year.
For the year, on consolidated basis the company reported revenue from operations of INR 62,187.6 million compared to INR 60,623.1 million a year ago. Profit before tax was INR 13,588.0 million compared to INR 12,482.7 million a year ago. Profit for the period was INR 9,660.9 million compared to INR 8,632.2 million a year ago. Profit attributable to owners of the company was INR 9,623.5 million compared to INR 8,599.9 million a year ago. Earnings per share on diluted basis were INR 18.94 compared to INR 16.77 a year ago. EBITDA was INR 13,440 million and grew by 6% over the previous financial year.
For the fiscal year 2019 and 2020, the company expects consolidated CapEx of anywhere between 2% to 4% of revenue and while would be adding capacities etc., on an ongoing basis, would expect to be within this range.
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 Announces Audited Consolidated and Standalone Earnings Results for the Fourth Quarter and Year Ended March 31, 2018; Provides Consolidated Capex Guidance for the Fiscal Year 2019 and 2020