Profit after tax grows 39% yoy. Exchange announces interim dividend of 100%.
Sales rise 68.41% to Rs 12.53 crore
Pidilite Industries slipped 1.86% to Rs 2587.85 after the companys consolidated net profit declined by 20% to Rs 359 crore as compared to the same quarter last year.
Sales rise 24.00% to Rs 2850.72 crore
The company stated that in spite of company’s efforts towards cost reduction on the back of lower sales volume, elevated commodity prices, and lower non-operating income on account of mark-to-market impact, the company’s profits suffered.
"The value of this order is Rs111.54 million and we are quite optimistic about similar projects to come on a PAN India basis", said the company.
The company posts the highest ever quarterly revenue at Rs102cr in Q3FY22, up 18.6% yoy. Revenue for the nine-month period ending December 21 up by 33% yoy.
Bank Nifty outperformed the Nifty index by ~1.4% with both the indices closing in the green with a ~2.2%/0.8% gain.
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