Pidilite Industries Limited Reports Earnings Results for the Second Quarter and Six Months Ended September 30, 2023
November 08, 2023 at 07:08 am EST
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Pidilite Industries Limited reported earnings results for the second quarter and six months ended September 30, 2023. For the second quarter, the company reported sales was INR 30,760.4 million compared to INR 30,111.5 million a year ago. Revenue was INR 31,076.3 million compared to INR 30,221.3 million a year ago. Net income was INR 4,501.5 million compared to INR 3,324.4 million a year ago. Basic earnings per share from continuing operations was INR 8.85 compared to INR 6.54 a year ago. Diluted earnings per share from continuing operations was INR 8.85 compared to INR 6.54 a year ago.
For the six months, sales was INR 63,511.5 million compared to INR 61,122.6 million a year ago. Revenue was INR 64,059.5 million compared to INR 61,339.2 million a year ago. Net income was INR 9,183.1 million compared to INR 6,860.5 million a year ago. Basic earnings per share from continuing operations was INR 18.06 compared to INR 13.5 a year ago. Diluted earnings per share from continuing operations was INR 18.06 compared to INR 13.49 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 
