Pidilite Industries Limited Reports Earnings Results for the Third Quarter Ended December 31, 2020
January 28, 2021 at 08:11 am EST
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Pidilite Industries Limited announced earnings results for the third quarter ended December 31, 2020. For the third quarter, the company announced total revenue was INR 23,194 million compared to INR 19,664.2 million a year ago. Net income was INR 4,418.3 million compared to INR 3,417.8 million a year ago. Basic earnings per share from continuing operations was INR 8.7 compared to INR 6.73 a year ago. Diluted earnings per share from continuing operations was INR 8.69 compared to INR 6.72 a year ago. For the nine months, total revenue was INR 51,192.6 million compared to INR 58,852.6 million a year ago. Net income was INR 8,250.3 million compared to INR 9,588.9 million a year ago. Basic earnings per share from continuing operations was INR 16.24 compared to INR 18.88 a year ago. Diluted earnings per share from continuing operations was INR 16.22 compared to INR 18.87 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 
