Pidilite Industries climbs after strong Q4 numbers

Shares of Pidilite Industries went up by 4 per cent today after the company reported a 49 per cent increase in stand-alone net profit at Rs 115.1 crore for the March quarter. Opening on a positive note, the stock further gained 4 per cent to Rs 641.80 on BSE. On NSE, it jumped 4.12 per cent to Rs 642.

The company had posted a net profit of Rs 77.2 crore in the same period last year, Pidilite Industries said in a BSE filing yesterday.

The firm’s total income from operations also increased 12.3 per cent to Rs 1,086.9 crore during the January-March quarter as against Rs 968.1 crore a year ago.

For the full fiscal, Pidilite Industries’ stand-alone net profit rose 40.1 per cent to Rs 703 crore as against Rs 501.9 crore in the previous fiscal.

Its total income from operations also increased 7.64 per cent to Rs 4,734.5 crore in 2015-16, from Rs 4,398.1 crore in 2014-15.