Pidilite Industries second quarter results announced: profit increased by 18.75% year-on-year

Pidilite Industries Q2 Results Live

2024-10-24 11:08:47 :

Pidilite Industries second quarter results live broadcast: Pidilite Industries released its second quarter results on October 23, 2024, with strong performance, with profits increasing by 18.75% year-on-year. The company’s revenue increased by 5.16% compared with the same period last year.

However, compared to the previous quarter, Pidilite’s revenue fell by 4.73% and its profit fell by 5.71%. This suggests that despite positive year-over-year growth, there are still some challenges in maintaining momentum in the short term.

Selling, general and administrative (SG&A) expenses increased significantly, with a month-on-month increase of 4.42% and a year-on-year increase of 19.96%. Sequentially, an increase in expenses may lead to a decrease in profitability.

Operating income decreased by 6.51% month-on-month, but still increased by 12.64% year-on-year, reflecting the company’s ability to improve operating efficiency in the long term.

Second quarter earnings per share (EPS) were $10.49, an increase of 18.53% compared with the same period last year. This is a positive indicator for shareholders as it means higher earnings per share.

Despite a strong second quarter, Pidilite Industries returned -2.81% over the past week, although it has returned 4.76% over the past six months, giving it an impressive 13.83% year-to-date return.

As of now, Pidilite Industries has a market capitalization of $1,57,197.2 Crore, a 52-week high $3415 and low $2292.55. This indicates a healthy trading range and investor interest in the stock.

The 13 analysts tracking Pidilite Industries are mixed on the stock’s performance. Currently, 1 analysts have a Strong Sell rating, 4 recommend a Sell rating, 3 recommend a Hold rating, and 5 recommend a Buy rating. Overall, the consensus recommendation as of October 24, 2024 remains “Hold.”

Pedilet Industrial Finance

periodQ2Q1month-on-month growthQ2year-on-year growth
total revenue3234.913395.35-4.73%3076.04+5.16%
Total Selling/General/Administrative Expenses435.62417.2+4.42%363.15+19.96%
Depreciation/Amortization87.8884.42+4.1%75.21+16.85%
total operating expenses2553.982667.03-4.24%2471.54+3.34%
operating income680.93728.32-6.51%604.5+12.64%
net income before tax725.1769.63-5.79%621.61+16.65%
net income534.56566.92-5.71%450.15+18.75%
Diluted normalized earnings per share10.4911.14-5.83%8.85+18.53%
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