PIDILITE INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 6.6%

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PIDILITE INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Up 6.6%
Fri, 3 Aug

PIDILITE INDUSTRIES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

PIDILITE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m16,69314,85318,34123.5%9.9%
Other incomeRs m432521321-38.3%-25.7%
TurnoverRs m17,12515,37418,66221.4%9.0%
ExpensesRs m13,48312,11414,52419.9%7.7%
Gross profitRs m3,2052,7533,81738.6%19.1%
DepreciationRs m3132983011.1%-3.7%
InterestRs m37387389.8%94.9%
Profit before taxRs m3,2882,9383,76428.1%14.5%
TaxRs m1,0334571,361197.7%31.8%
Profit after taxRs m2,2552,4812,404-3.1%6.6%
Gross profit margin%19.218.520.8
Effective tax rate%31.415.636.1
Net profit margin%13.216.112.9
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 9.9% on a year-on-year (YoY) basis. The expenses were up by 7.7% YoY during the same period.
  • The company's operating profit increased by 19.1% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.8% in 1QFY19 as against 19.2% in 1QFY18.
  • Depreciation charges and finance costs declined by 3.7% YoY and 94.9% YoY, respectively.
  • Other income declined by 25.7% YoY during the quarter.
  • Net profit for the quarter increased by 6.6% YoY. Net profit margins during the quarter declined from 13.2% in 1QFY18 to 12.9% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 23.5% on a quarter-on-quarter (QoQ) basis. The expenses were up by 19.9% QoQ during the same period.
  • The company's operating profit increased by 38.6% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 20.8% in 1QFY19 as against 18.5% in 4QFY18.
  • Net profit for the quarter declined by 3.1% QoQ, while net profit margins declined from 16.1% in 4QFY18 to 12.9% in 1QFY19.

To see how PIDILITE INDUSTRIES has performed over the last eight quarters, please visit here.

PIDILITE INDUSTRIES Share Price Performance

Over the last one year, PIDILITE INDUSTRIES share price has moved up from Rs 805.4 to Rs 1,108.0, registering a Gain of Rs 302.7 or around 37.6%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 12,157.4 (up 0.8%). Over the last one year it has moved up from 10,008.5 to 12,157.4, a gain of 2,149 points (up 21.5%).

Overall, the S&P BSE SENSEX is up 1.1% over the year.

Current Valuations

At the current price of Rs 1,108.0, the price to earnings (P/E) ratio of PIDILITE INDUSTRIES stands at 57.9 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 16.4 times.

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Feb 19, 2020 03:35 PM

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