Pidilite Industries on August 7, reported a consolidated net profit of Rs 571 crore for the June quarter, registering a growth of 21 percent from Rs 474 crore a year ago.
The company's net sales stood at Rs 3,384 crore, up 4 percent from Rs 3,275 crore in the year-ago quarter, the company said in a regulatory filing.
Earnings before interest, depreciation, tax and amortization (EBIDTA) before non-operating income at Rs 813 crore grew by 15 percent over the same quarter last year.
Bharat Puri, Managing Director, Pidilite Industries Ltd, said, "Despite challenging economic conditions because of election-related impact as well as severe heat wave conditions in most parts of the country, we delivered robust UVG as well as healthy profitability in this quarter."
He further added that given a healthy monsoon and the ensuing festival season, we remain optimistic about market demand and our ability to deliver robust growth. We will continue to invest in growth- facing initiatives as well as building a resilient supply chain.”
Shares of Pidilite Industries were 52.20 percent higher at Rs 3106.20 apiece on BSE at 11:00 AM ahead of the earnings.
Discover the latest Business News, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!
