Pidilite Industries shares surged as much as 4.6 per cent on Wednesday
after the manufacturer of adhesives and chemicals posted strong June
quarter earnings.
Pidilite Industries, which owns the Fevicol brand of adhesives, reported a 33 per cent jump in net profit for the quarter ended June 30, 2015. Its net profit rose to Rs 225 crore in the June quarter from Rs 168 crore during the same quarter of the previous year.
Revenues for the quarter rose nearly 9 per cent to Rs 1,479.9 crore, from Rs 1,361.7 crore a year earlier. It operating income for the quarter jumped to Rs 311 crore, compared with Rs 215 crore a year earlier. Analysts said it benefited from lower raw material cost with crude prices falling sharply.
Pidilite Industries, which owns the Fevicol brand of adhesives, reported a 33 per cent jump in net profit for the quarter ended June 30, 2015. Its net profit rose to Rs 225 crore in the June quarter from Rs 168 crore during the same quarter of the previous year.
Revenues for the quarter rose nearly 9 per cent to Rs 1,479.9 crore, from Rs 1,361.7 crore a year earlier. It operating income for the quarter jumped to Rs 311 crore, compared with Rs 215 crore a year earlier. Analysts said it benefited from lower raw material cost with crude prices falling sharply.
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