Pidilite Industries Q3 Results: Profit Up 8%, Revenue Rises
The margin remained flat at 23.7% for the three months ended Dec. 31, 2024.
Pidilite Industries Ltd.'s net profit rose 8.2% to Rs 552 crore in the third quarter of the current financial year from Rs 510 crore for the same period last year.
The fevicol maker's revenue rose 7.6% to Rs 3,369 crore for the October- December quarter from Rs 3,130 crore for the year-ago period.
The company's earnings before interest, tax, depreciation and amortisation grew to Rs 798 crore, a 7.5% rise for the third quarter from Rs 742 crore in the same quarter of the previous fiscal 2024.
Its margin remained flat at 23.7% for the three months ended Dec. 31, 2024, in contrast to 23.72% for the same quarter in the last financial year.
Pidilite Q3 FY25 Highlights (Consolidated, YoY)
Revenue up 7.6% to Rs 3,369 crore versus Rs 3,130 crore.
Ebitda up 7.5% to Rs 798 crore versus Rs 742 crore.
Ebitda margin at 23.7% versus 23.72%.
Net profit up 8.2% to Rs 552 crore versus Rs 510 crore.
Pidilite Industries appointed Meena Ganesh as an additional director (non-executive and independent) and Vivek Raghavan as the additional director (non-executive and independent). Both of them will assume their roles starting from Jan. 22.
Shares of Pidilite Industries closed 0.18% higher at Rs 2,754.75 apiece on the NSE, compared to a 0.57% rise in the benchmark Nifty 50. The share price has risen 9.20% in the last 12 months.
Out of 17 analysts tracking the company, nine maintain a 'buy' rating on the stock, three recommend 'hold' and five suggest 'sell', according to Bloomberg data. The average of 12-month analysts' price targets implies a potential upside of 15.4%.
