Pidilite Industries Ltd. Q3 FY2024 results: revenue ₹3,130 crore, up 4.4% on the year
Pidilite Industries Ltd. (PIDILITIND) reported consolidated revenue from operations of ₹3,130 crore for Q3 FY2024, the quarter ended 31 December 2023, up 4.4% on the same quarter a year earlier. Profit after tax was ₹511 crore, up 66.0% on the year, and earnings per share ₹10.04. The figures are the company's own, from the unaudited results it filed with NSE on 24 January 2024.
The quarter, against the one before and a year earlier
| Line | Q3 FY2024 | Q2 FY2024 | A year earlier | Change on the year |
|---|---|---|---|---|
| Revenue from operations | 3,130 | 3,076 | n/a | n/a |
| Other income | 37 | 32 | n/a | n/a |
| Total income | 3,167 | 3,108 | n/a | n/a |
| Cost of materials consumed | 1,226 | 1,302 | n/a | n/a |
| Purchases of stock-in-trade | 210 | 184 | n/a | n/a |
| Changes in inventories | 39 | 12 | n/a | n/a |
| Employee benefit expense | 373 | 363 | n/a | n/a |
| Finance costs | 13 | 13 | n/a | n/a |
| Depreciation, depletion and amortisation | 79 | 75 | n/a | n/a |
| Other expenses | 540 | 535 | n/a | n/a |
| Total expenses | 2,480 | 2,485 | n/a | n/a |
| Profit before exceptional items and tax | 687 | 623 | n/a | n/a |
| Exceptional items | 0 | 0 | n/a | n/a |
| Profit before tax | 687 | 623 | n/a | n/a |
| Current tax | 182 | 161 | n/a | n/a |
| Deferred tax | -5 | 2 | n/a | n/a |
| Total tax | 176 | 163 | n/a | n/a |
| Profit after tax | 511 | 459 | n/a | n/a |
| Attributable to owners of the parent | 510 | 450 | n/a | n/a |
| Other comprehensive income | 2 | -13 | n/a | n/a |
| Total comprehensive income | 512 | 446 | n/a | n/a |
| EPS, basic | ₹10.04 | ₹8.85 | n/a | n/a |
| EPS, diluted | ₹10.04 | ₹8.85 | n/a | n/a |
₹ crore except per share.
Quarterly results, the last 12 quarters
| Q2 FY2024 | Q3 FY2024 | Q4 FY2024 | Q1 FY2025 | Q2 FY2025 | Q3 FY2025 | Q4 FY2025 | Q1 FY2026 | Q2 FY2026 | Q3 FY2026 | Q4 FY2026 | Q1 FY2027 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Sales | 3,076 | 3,130 | 2,902 | 3,395 | 3,235 | 3,369 | 3,141 | 3,753 | 3,554 | 3,710 | 3,583 | 4,552 |
| Expenses | 2,485 | 2,480 | 2,451 | 2,679 | 2,566 | 2,672 | 2,620 | 2,923 | 2,817 | 2,930 | 2,862 | 3,468 |
| Operating profit | 680 | 742 | 577 | 813 | 769 | 798 | 633 | 941 | 851 | 894 | 833 | 1,194 |
| OPM % | 22% | 24% | 20% | 24% | 24% | 24% | 20% | 25% | 24% | 24% | 23% | 26% |
| Other income | 32 | 37 | 49 | 54 | 57 | 56 | 80 | 86 | 50 | 66 | 65 | 92 |
| Interest | 13 | 13 | 13 | 12 | 12 | 12 | 14 | 14 | 13 | 13 | 14 | 13 |
| Depreciation | 75 | 79 | 113 | 84 | 88 | 90 | 97 | 97 | 100 | 101 | 97 | 97 |
| Exceptional items | 0 | 0 | -72 | 0 | 0 | 0 | -25 | 0 | 0 | -6 | -8 | 14 |
| Profit before tax | 623 | 687 | 428 | 770 | 726 | 752 | 577 | 916 | 788 | 840 | 779 | 1,190 |
| Tax % | 26% | 26% | 28% | 26% | 25% | 26% | 26% | 26% | 26% | 26% | 25% | 26% |
| Net profit | 459 | 511 | 304 | 571 | 540 | 557 | 428 | 678 | 585 | 624 | 584 | 884 |
| EPS in ₹ | ₹8.85 | ₹10.04 | ₹5.91 | ₹11.15 | ₹10.51 | ₹10.86 | ₹8.30 | ₹13.22 | ₹5.69 | ₹6.07 | ₹5.69 | ₹8.57 |
| Filing | NSE | NSE | NSE | NSE | NSE | NSE | Filing | Filing | Filing | Filing | Filing | Filing |
₹ crore except per share, consolidated, as filed with the exchange. Operating profit is sales less the expenses other than interest and depreciation, OPM is that over sales, and tax % is tax over profit before tax: arithmetic on the filed lines; everything else is as filed. Quarters before December 2024 are from the exchange's earlier results feed, which carries the filed lines without the filing itself; the column links to the exchange's page for the company.
Source
Unaudited consolidated results for the quarter ended 31 December 2023, filed with NSE on 24 January 2024: the result statement. All of Pidilite Industries Ltd.'s results: NSE company page.
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