PIDILITE INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 94.8%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

PIDILITE INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 94.8%
Tue, 18 Aug

PIDILITE INDUSTRIES has announced its results for the quarter ended June 2020. Here is a detailed performance review of the same:

PIDILITE INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-19*
3
Mar-20*
3
Jun-20*
QoQ ChangeYoY Change
Net SalesRs m20,16815,4478,778-43.2%-56.5%
Other incomeRs m39914020043.3%-49.8%
TurnoverRs m20,56715,5868,978-42.4%-56.3%
ExpensesRs m15,73112,4388,115-34.8%-48.4%
Gross profitRs m4,4372,679664-75.2%-85.0%
DepreciationRs m377501461-8.0%22.2%
InterestRs m739891-7.4%23.6%
Profit before taxRs m4,3852,220312-85.9%-92.9%
TaxRs m1,444656159-75.8%-89.0%
Profit after taxRs m2,9411,564154-90.2%-94.8%
Gross profit margin%22.017.37.6
Effective tax rate%32.929.550.8
Net profit margin%14.310.01.7
* 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 fell 56.5% on a year-on-year (YoY) basis. The expenses were down by 48.4% YoY during the same period.
  • The company's operating profit declined by 85.0% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.6% in 1QFY21 as against 22.0% in 1QFY20.
  • Depreciation charges increased by 22.2% and finance costs increased by 23.6% YoY, respectively.
  • Other income declined by 49.8% YoY during the quarter.
  • Net profit for the quarter declined by 94.8% YoY. Net profit margins during the quarter declined from 14.3% in 1QFY20 to 1.7% in 1QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 43.2% on a quarter-on-quarter (QoQ) basis. The expenses were down by 34.8% QoQ during the same period.
  • The company's operating profit declined by 75.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 7.6% in 1QFY21 as against 17.3% in 4QFY20.
  • Net profit for the quarter declined by 90.2% QoQ, while net profit margins declined from 10.0% in 4QFY20 to 1.7% in 1QFY21.

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

REVEALED: How to Potentially Make Up to Tens of Thousands of Rupees Within a Few Hours...

PIDILITE INDUSTRIES Share Price Performance

Over the last one year,PIDILITE INDUSTRIES share price has moved up from Rs 1,369.6 to Rs 1,428.0, registering a Gain of Rs 58.5 or around 4.3%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 11,744.5 (up 0.3%). Over the last one year it has moved up from 10,980.9 to 11,744.5, a gain of 764 points (up 7.0%).

Overall, the S&P BSE SENSEX is up 2.3% over the year.

Current Valuations

At the current price of Rs 1,428.0, the price to earnings (P/E) ratio of PIDILITE INDUSTRIES stands at 87.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.6 times.

Equitymaster requests your view! Post a comment on "PIDILITE INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Down 94.8%". Click here!

  

Related Views on News

PIDILITE INDUSTRIES Announces Quarterly Results (3QFY21); Net Profit Up 29.1% (Quarterly Result Update)

Feb 1, 2021 | Updated on Feb 1, 2021

For the quarter ended December 2020, PIDILITE INDUSTRIES has posted a net profit of Rs 4 bn (up 29.1% YoY). Sales on the other hand came in at Rs 23 bn (up 19.3% YoY). Read on for a complete analysis of PIDILITE INDUSTRIES's quarterly results.

PIDILITE INDUSTRIES 2019-20 Annual Report Analysis (Annual Result Update)

Dec 9, 2020 | Updated on Dec 9, 2020

Here's an analysis of the annual report of PIDILITE INDUSTRIES for 2019-20. It includes a full income statement, balance sheet and cash flow analysis of PIDILITE INDUSTRIES. Also includes updates on the valuation of PIDILITE INDUSTRIES.

PIDILITE INDUSTRIES Announces Quarterly Results (2QFY21); Net Profit Up 9.8% (Quarterly Result Update)

Nov 6, 2020 | Updated on Nov 6, 2020

For the quarter ended September 2020, PIDILITE INDUSTRIES has posted a net profit of Rs 4 bn (up 9.8% YoY). Sales on the other hand came in at Rs 19 bn (up 4.1% YoY). Read on for a complete analysis of PIDILITE INDUSTRIES's quarterly results.

PIDILITE INDUSTRIES 2018-19 Annual Report Analysis (Annual Result Update)

Jul 12, 2019 | Updated on Jul 12, 2019

Here's an analysis of the annual report of PIDILITE INDUSTRIES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of PIDILITE INDUSTRIES. Also includes updates on the valuation of PIDILITE INDUSTRIES.

More Views on News

Most Popular

It's the Beginning of a New Bull Phase in Smallcaps(Profit Hunter)

Feb 24, 2021

Last time the smallcap index crossed 19k a big correction followed. Here's what makes it different this time.

Make Rs 5,000 Per Day Trading the Market(Fast Profits Daily)

Feb 25, 2021

In this video, I'll show you how to get started on the path to daily trading profits.

The Hidden Tesla in My Great Indian Wealth Project(Profit Hunter)

Feb 23, 2021

An Indian company founded three decades ago in a garage caught my attention...

How Much Money For Day Trading?(Fast Profits Daily)

Feb 22, 2021

In this video, I'll show you how to allocate your capital as a day trader.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

PIDILITE INDUSTRIES SHARE PRICE


Mar 5, 2021 03:32 PM

TRACK PIDILITE INDUSTRIES

  • Track your investment in PIDILITE INDUSTRIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

MORE ON PIDILITE INDUSTRIES

PIDILITE INDUSTRIES 5-YR ANALYSIS

COMPARE PIDILITE INDUSTRIES WITH

MARKET STATS