Pidilite Industries Q4 profit up 10.34% to Rs 80.64 crore

Company had posted a consolidated net profit of Rs 73.08 crore in the same period of last year

Adhesives and industrial chemicals manufacturer Pidilite Industries today reported 10.34 per cent increase in its consolidated profit at Rs 80.64 crore for the fourth quarter ended March 31, 2015.

It had posted a consolidated net profit of Rs 73.08 crore in the same period of last year, Pidilite Industries said in a filing to the BSE.

The company's net sales on a consolidated basis also increased 5.27 per cent to Rs 1,037.44 crore during the January-March quarter as against Rs 985.47 crore a year ago.

For the full fiscal ended March 2015, Pidilite Industries' consolidated net profit rose 13.95 per cent to Rs 512.56 crore as against Rs 449.80 crore in the previous fiscal.

Its consolidated net sales also increased 13.14 per cent to Rs 4,820.44 crore in 2014-15 as against Rs 4,260.59 crore in 2013-14.

Meanwhile, in a separate filing, Pidilite Industries has informed that its Board has recommended a dividend of Rs 2.90 per equity Share of Re 1 each.

The company's shares today closed 3.86 per cent up at Rs 595.20 per scrip on the BSE.