Wednesday, 24 May 2017

Pidilite Ind Q4 cons net dips 7% at Rs 157 cr


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Pidilite Industries, an India-based adhesives manufacturing company, on Tuesday reported a decline of 7 per cent in its consolidated net profit to Rs 157 crore in the fourth quarter ended March 31, 2017. “The company had posted consolidated net profit of Rs 169 crore during the corresponding quarter of the previous year,” said Pidilite Industries in a filing to the Bombay Stock Exchange.

The consolidated total income of company rose by 6.8 per cent to Rs 1,433 crore in Q4 FY17 from Rs 1,340 crore in Q4 FY17. During the quarter under review, EBITDA, before non-operating income & exceptional items, surged by 7.7 per cent year-on-year to Rs 260 crore, while profit before tax grew by 8 per cent to Rs 254 crore compared to the same quarter last year. For FY 2016-17, the company has posted consolidated net profit of Rs 863 crore against total sales of Rs 6,033 crore.

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