Pidilite Industries’ Bottomline Increases By 23%
DSIJ Intelligence / 30 Oct 2013
Pidilite has posted impressive results for September 2013 quarter. Even though the company witnessed rise in its expenses, still it managed to register remarkable profit.
Pidilite Industries has announced cheerful numbers for its investors in Q2FY14.The revenue of the company has grown by 22% to Rs 1094 crore in Q2FY14 as against Rs 900 crore in Q2FY13. The Net profit surged by 23% to Rs 118 crore in Q2FY14. While on half yearly basis, revenue for the company improved by 17% to Rs 2213 crore from Rs 1907 crore. Net profit witnessed the growth of 25% to Rs 279 crore in H1FY14.
During the quarter, total expenses of the company elevated by 20% to Rs 931 crore in Q2FY14 as its raw material cost grew by 32% to Rs 572 crore while its employee expenses and other expenses elevated by 20% and 14% respectively on YoY basis.
Pidilite’s EBITDA surged by 33% from Rs 138 crore in Q2FY13 to Rs 183 in Q2FY14. In same duration, EBITDA margin has risen by 140 basis points to 16.79% from 15.39%. The financial cost of the company has increased by 52% to Rs 6 crore on YoY basis.
On YTD basis the stock of the company have gained by 25% to Rs 273 with TTM price to earnings ratio of 29.3x. Considering the current growth of the company, we expect the stock of Pidilite Industries to perform well at this juncture.
If you want to stay updated with the share market news today, keep a close watch on the indian stock market today with real time movements like sensex today live and overall stock market today trends. Investors tracking ipo allotment status, ipo news today, or the latest ipo india can also follow daily updates along with bse share price live data. Whether you are learning how to invest in stock market in india, preparing for a market crash today, or searching for the best stocks to buy in india, insights on top gainers today india, top losers today india, trending stocks india and long term stocks india help in making informed investment decisions.