Pidilite Industries slips on reporting 8% fall in Q2 consolidated net profit

31 Oct 2018

Pidilite Industries is currently trading at Rs. 920.00, down by 16.20 points or 1.73 % from its previous closing of Rs. 936.20 on the BSE.

The scrip opened at Rs. 922.00 and has touched a high and low of Rs. 950.00 and Rs. 916.00 respectively. So far 21287 shares were traded on the counter.

The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 1194.80 on 28-Aug-2018 and a 52 week low of Rs. 748.75 on 08-Nov-2017.

Last one week high and low of the scrip stood at Rs. 967.15 and Rs. 916.00 respectively. The current market cap of the company is Rs. 46827.86 crore.

The promoters holding in the company stood at 69.74%, while Institutions and Non-Institutions held 19.64% and 10.62% respectively.

Pidilite Industries has reported a fall of 6.26% in its net profit at Rs 244.62 crore for the quarter ended September 30, 2018 as compared to Rs 260.95 crore for the same quarter in the previous year. However, total income of the company increased by 11.64% at Rs 1,561.51 crore for Q2FY19 as compared Rs 1,398.75 crore for the corresponding quarter previous year.

On the consolidated basis, the company has reported a fall of 8.05% in its net profit at Rs 231.63 crore for the quarter ended September 30, 2018 as compared to Rs 251.91 crore for the same quarter in the previous year. However, total income of the company increased by 14.16% at Rs 1,785.07 crore for Q2FY19 as compared Rs 1,563.64 crore for the corresponding quarter previous year.

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