The maker of Fevicol and its outstanding advertisements reported its Jun 2016 performance today.
The company’s results were not outstanding. Rather it was a disappointing one as growth in both Consumer products and Industrial products were in single digits.
Result Analysis: Pidilite Industries
- Total Income from Operations increased 8.60% to Rs. 1,691.3 crore.
- Profit After tax increased 15.84% to Rs. 271.29 crore.
- EPS increased 15.60% to Rs. 5.26 per share.
The stock has already taken a hit of 3% and is down to Rs. 729/-.
Other notable points were:
- Consumer Products witnessed a timid growth at 9.39% only better than Industrial products which stood at 4.18%.
- Its investments in financial products stood at Rs. 974 crore against Rs. 578 crore QoQ.
- Standalone basis, other income has doubled from 12.5 crore to 23 crore.
Disclosure: Analyst or Family do not hold the stock
Disclaimer
Nothing in this newsletter is financial advice and should not be construed as such. Please do not take trading decisions based solely on the matter above; if you do, it is entirely at your own risk without any liability to Capital Mind. This is educational or informational matter only, and is provided as an opinion.
