Pidilite Q2 net up 17% at Rs 139 crore

Net sales up 14.12 per cent to Rs 1,248.56 crore

Pidilite Industries Ltd today reported a 17.23 per cent increase in its consolidated net profit at Rs 138.9 crore for the second quarter ended September 30, 2014.

The company had reported a net profit of Rs 118.48 crore in the same quarter last fiscal.

Pidilite Industries' net sales during the quarter under review increased by 14.12 per cent to Rs 1,248.56 crore as against Rs 1,094.07 crore in the corresponding period last year, the company said in a BSE filing.

For the half-year period ended September 30, the company posted a net profit of Rs 307.42 crore as against Rs 279.47 crore in the corresponding period a year ago.

Net sales of the company for the half year period rose to Rs 2,586.66 crore as compared to Rs 2,212.88 crore in the same period of the previous fiscal.

Shares of Pidilite were trading at Rs 405 apiece, down 1.28 per cent from the previous close on the BSE.