Pidilite Industries Limited Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended of September 30, 2017
November 08, 2017 at 08:44 am EST
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Pidilite Industries Limited reported unaudited standalone and consolidated earnings results for the second quarter and six months ended of September 30, 2017. For the quarter, on a standalone basis, the company reported revenue from operations of INR 13,638.3 million compared to INR 13,282.6 million a year ago. Profit before exceptional items and tax was INR 3,832.4 million compared to INR 3,147.2 million a year ago. Profit before tax was INR 3,832.4 million compared to INR 3,147.2 million a year ago. Profit for the period was INR 2,609.5 million compared to INR 2,261.6 million a year ago. Basic and diluted earnings per share were INR 5.09 compared to INR 4.41 a year ago. Total income was INR 13,987.5 million compared to INR 13,607.8 million a year ago. Net sales were INR 13,480 million, increased by 11.2% over the same quarter last year. EBITDA, before non-operating income was INR 3,730 million, higher by 21.3% over the same quarter last year.
For the six months, on a standalone basis, the company reported revenue from operations of INR 28,415.6 million compared to INR 28,176.0 million a year ago. Profit before exceptional items and tax was INR 7,006.1 million compared to INR 7,006.8 million a year ago. Profit before tax was INR 7,006.1 million compared to INR 7,006.8 million a year ago. Profit for the period was INR 4,780.3 million compared to INR 4,985.4 million a year ago. Basic and diluted earnings per share were INR 9.32 compared to INR 9.72 a year ago. Total income was INR 29,119.2 million compared to INR 28,735.0 million a year ago.
For the quarter, on a consolidated basis, the company reported revenue from operations of INR 15,298.7 million compared to INR 15,295.1 million a year ago. Profit before tax was INR 3,773.7 million compared to INR 3,224.0 million a year ago. Profit for the period was INR 2,529.2 million compared to INR 2,312.3 million a year ago. Basic and diluted earnings per share were INR 4.91 compared to INR 4.50 a year ago. Total income was INR 15,635.4 million compared to INR 15,619.0 million a year ago. Net sales were INR 15,140 million, increased by 9% over the same quarter last year (excluding the sales of Cyclo division of Pidilite USA INC.). EBITDA, before non-operating income was INR 3,770 million, grew by 16.9% over the same quarter last year.
For the six months, on a consolidated basis, the company reported revenue from operations of INR 31,905.5 million compared to INR 32,208.2 million a year ago. Profit before tax was INR 7,071.3 million compared to INR 7,119.8 million a year ago. Profit for the period was INR 4,794.3 million compared to INR 5,033.8 million a year ago. Diluted earnings per share were INR 9.33 compared to INR 9.76 per diluted share a year ago. Total income was INR 32,674.4 million compared to INR 32,772.8 million 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 Reports Unaudited Standalone and Consolidated Earnings Results for the Second Quarter and Six Months Ended of September 30, 2017