Pidilite Q4 net surges 49 pc to Rs 115 cr

Adhesives and industrial chemicals manufacturer Pidilite Industries today reported a 48.97 per cent increase in standalone net profit at Rs 115.04 crore for the March quarter.
It had posted a net profit of Rs 77.22 crore in the same period last year, Pidilite Industries said in a BSE filing.
The company's total income from operations also increased 12.26 per cent to Rs 1,086.91 crore during the January-March quarter as against Rs 968.13 crore a year ago.
For the full fiscal, Pidilite Industries' standalone net profit rose 40.08 per cent to Rs 703.04 crore as against Rs 501.86 crore in the previous fiscal.

Its total income from operations also increased 7.64 per cent to Rs 4,734.50 crore in 2015-16 as against Rs 4,398.07 crore in 2014-15.
Meanwhile, in a separate filing, the company said that its board in a meeting held today approved a final dividend of Rs 0.50 per share of Re 1 each for the financial year ended March 31, 2016.
"Together with the interim dividend of Rs 3.65 per share, the total dividend works out to Rs 4.15 per share of Re 1 each," Pidilite Industries said.
Shares of the company today settled at Rs 616.55 on BSE, up 1.50 per cent from their previous close.