Pidilite Industries gains after strong Q3 result

Pidilite Industries rose 1.11% to Rs 572.55 at 12:34 IST on BSE after consolidated net profit rose 49.3% to Rs 185.72 crore on 11.6% growth in total income to Rs 1348.75 crore in Q3 December 2015 over Q3 December 2014.

The result was announced after market hours on Friday, 29 January 2016.

Meanwhile, the S&P BSE Sensex was up 14.02 points or 0.06% at 24,884.71

On BSE, so far 41,432 shares were traded in the counter as against average daily volume of 31,781 shares in the past one quarter. The stock hit a high of Rs 583 and a low of Rs 570.85 so far during the day. The stock had hit a record high of Rs 637.55 on 20 March 2015. The stock had hit a 52-week low of Rs 507.50 on 25 August 2015. The stock had outperformed the market over the past one month till 29 January 2016, rising 3.04% compared with 4.64% decline in the Sensex. The scrip had also outperformed the market in past one quarter, falling 0.48% as against Sensex's 7.33% fall

The large-cap company has equity capital of Rs 51.27 crore. Face value per share is Re 1.

Pidilite Industries' earnings before interest, taxation, depreciation, and amortization (EBITDA), before non-operating income and exceptional items rose 52.7% to Rs 295.30 crore in Q3 December 2015 over Q3 December 2014.

Pidilite Industries' product range includes adhesives and sealants, construction and paint chemicals, automotive chemicals, art materials, industrial adhesives, industrial and textile resins and organic pigments and preparations. The company's adhesives brand Fevicol is the largest selling adhesives brand in Asia.

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