 "Analysts at Motilal Oswal Financial Services were expecting a net loss and pre-tax loss of Rs 81.1 crore each")
Pidilite Industries' shares surged up to 4.4 per cent to Rs 1,391 on the BSE on Friday after the company's June quarter result, released post market hours on Thursday, came beat Street expectations. The company reported consolidated net profit of Rs 15.82 crore for the quarter under review, as against profit of Rs 294.39 crore in Q1FY20.
It's EBITDA stood at Rs 66.37 crore in Q1FY21, down 85.04 per cent YoY from Rs 443.73 crore posted in Q1FY20. EBITDA margin for the first quarter of FY21 was at 7.56 per cent, down 14.44 per cent YoY, as against the same quarter
