PIDILITE INDUSTRIES Announces Quarterly Results (4QFY20); Net Profit Down 33.6%

Fri, 19 Jun

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

PIDILITE INDUSTRIES Quarterly Financials

Year-on-Year Performance:

• The company's operating income during the quarter fell 5.8% on a year-on-year (YoY) basis. The expenses were down by 8.6% YoY during the same period.
• The company's operating profit increased by 0.0% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 17.3% in 4QFY20 as against 16.3% in 4QFY19.
• Depreciation charges increased by 28.6% and finance costs increased by 49.0% YoY, respectively.
• Other income declined by 75.2% YoY during the quarter.
• Net profit for the quarter declined by 33.6% YoY. Net profit margins during the quarter declined from 13.9% in 4QFY19 to 10.0% in 4QFY20.

Quarter-on-Quarter Performance:

• The company's operating income during the quarter fell 19.8% on a quarter-on-quarter (QoQ) basis. The expenses were down by 15.0% QoQ during the same period.
• The company's operating profit declined by 42.2% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 17.3% in 4QFY20 as against 24.0% in 3QFY19.
• Net profit for the quarter declined by 54.6% QoQ, while net profit margins declined from 17.5% in 3QFY19 to 10.0% in 4QFY20.

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

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PIDILITE INDUSTRIES Share Price Performance

Over the last one year,PIDILITE INDUSTRIES share price has moved up from Rs 1,244.9 to Rs 1,406.2, registering a Gain of Rs 161.3 or around 13.0%.

Meanwhile, the S&P BSE FMCG Index is trading at Rs 10,726.6 (up 0.0%). Over the last one year it has moved down from 11,401.4 to 10,726.6, a loss of 675 points (down 5.9%).

Overall, the S&P BSE SENSEX is down 12.2% over the year.

Current Valuations

At the current price of Rs 1,406.2, the price to earnings (P/E) ratio of PIDILITE INDUSTRIES stands at 64.4 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 17.4 times.