Pidilite Industries Ltd on January 22 reported a 9 percent jump in net profit at Rs 557.08 crore in the December 31st ended quarter of the current financial year, compared to Rs 510.92 crore in the year-ago period, the company said in an exchange filing.
In the September quarter, the company had posted a net profit of Rs 540.3 crore, the stock filing showed.
The firm’s revenue from operations also recorded a growth of 7.6 percent at Rs 3,368.91 crore in the reported quarter over Rs 3129.99 crore in the same period of the previous financial year.
The revenue stood at Rs 3,234.91 crore in the September quarter, the manufacturer of adhesives, sealants and construction chemicals said in the statement.
“Despite subdued demand across urban and rural geographies, we continued to make steady progress, with robust revenue and underlying volume growth and healthy levels of profitability. Looking ahead, we remain cautiously optimistic on improved demand conditions as a result of the good monsoon and increased construction activities. We remain committed to our strategic agenda of delivering consistent, profitable volume-led growth through investment in our brands, supply chain and people,” said Bharat Puri, managing director, Pidilite Industries.
The stock of the company ended flat on NSE at Rs 2,750 on January 22.
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