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
period | Q2 | Q1 | month-on-month growth | Q2 | year-on-year growth |
---|---|---|---|---|---|
total revenue | 3234.91 | 3395.35 | -4.73% | 3076.04 | +5.16% |
Total Selling/General/Administrative Expenses | 435.62 | 417.2 | +4.42% | 363.15 | +19.96% |
Depreciation/Amortization | 87.88 | 84.42 | +4.1% | 75.21 | +16.85% |
total operating expenses | 2553.98 | 2667.03 | -4.24% | 2471.54 | +3.34% |
operating income | 680.93 | 728.32 | -6.51% | 604.5 | +12.64% |
net income before tax | 725.1 | 769.63 | -5.79% | 621.61 | +16.65% |
net income | 534.56 | 566.92 | -5.71% | 450.15 | +18.75% |
Diluted normalized earnings per share | 10.49 | 11.14 | -5.83% | 8.85 | +18.53% |
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