Pidilite Industries Limited Announces Unaudited Consolidated and Standalone Earnings Results for the First Quarter Ended June 30, 2017
July 25, 2017 at 09:41 am EDT
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Pidilite Industries Limited announced unaudited consolidated and standalone earnings results for the first quarter ended June 30, 2017. For the quarter, on consolidated basis, gross sales were INR 16,620 million declined by 1% over the same quarter last year. EBITDA before non-operating income stood at INR 3,210 million for the quarter and declined by 19% over same quarter last year. Net profit after tax in current quarter is INR 2,270 million declined by 17% over the same quarter last year. Revenue from operation was INR 16,692.7 million against INR 16,913.1 million a year ago. Profit before tax was INR 3,297.6 million against INR 3,895.8 million a year ago. Diluted earnings per share were INR 4.42 against INR 5.26 a year ago.
For the quarter, on standalone basis, gross sales were INR 14,790 million. EBITDA before non-operating income stood at INR 3,060 million for the quarter. Net profit after tax is INR 2,170 million declined by 20% over the same quarter last year. Revenue from operation was INR 14,863.2 million against INR 14,893.4 million a year ago. Profit before exceptional items and tax was INR 3,173.7 million against INR 3,859.6 million a year ago. Profit before tax was INR 3,173.7 million against INR 3,859.6 million a year ago. Basic and diluted earnings per share were INR 4.23 against INR 5.31 a year ago.
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 
