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

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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

No. of Mths
Qtr. Ending
3
Mar-19*
3
Dec-19*
3
Mar-20*
QoQ ChangeYoY Change
Net SalesRs m16,38919,26615,447-19.8%-5.8%
Other incomeRs m562398140-65.0%-75.2%
TurnoverRs m16,95119,66415,586-20.7%-8.1%
ExpensesRs m13,60214,63412,438-15.0%-8.6%
Gross profitRs m2,6784,6322,679-42.2%0.0%
DepreciationRs m39041950119.7%28.6%
InterestRs m66829819.5%49.0%
Profit before taxRs m2,7854,5302,220-51.0%-20.3%
TaxRs m4311,084656-39.5%52.1%
Profit after taxRs m2,3543,4451,564-54.6%-33.6%
Gross profit margin%16.324.017.3
Effective tax rate%15.523.929.5
Net profit margin%13.917.510.0
* 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 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.

Get Details: These 3 Stocks are the Dark Horses of the Stock Market

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.

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