Pidilite Industries' PAT dips 9% to Rs 2.35 bn in Q2, sales up 15%

Pidilite Industries Limited, a leading manufacturer of adhesives, sealants and construction chemicals, announced its financial results for the quarter and half year, which ended on September 30.Net sales were recorded at Rs 1,748 crore, witnessing a 15 per cent growth over the same quarter last year. Comparable net sales for the half year stood at Rs 3,566 crore and grew by 20 per cent (excluding the sales of Cyclo Division of Pidilite USA Inc which was sold by Pidilite USA Inc in June 2017) over the same period last year.EBITDA (Earnings before interest, tax, depreciation and amortisation) before non-operating income stood at Rs 370 crore and declined by 2 per cent over the same quarter last year, given the input cost led contraction in gross margins by over 3 per cent and higher A&SP spends. EBITDA for the half year stood at Rs 754 crore and grew by 8 per cent over the same period last year, given the input cost led contraction in gross margins by over 2 per cent and higher ...

from Latest News https://ift.tt/2Q95UO1