Pidilite Industries Q4 net profit up 15.06% at Rs 318.16 cr
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The company reported standalone net profit of Rs 318.16 crore for the quarter ended March 31, 2022 as compared to Rs 276.52 crore in the same period last year, registering a year-on-year growth of 15.06 per cent. Net revenue of the company rose moderately by 12.24 per cent at Rs 2,084.40 crore in January-March quarter of this fiscal as against Rs 1,857.01 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 20.22 per cent to Rs 1,742.34 crore from Rs 1,449.29 crore in year ago period. Other Income grew by 789.21 per cent at Rs 105.46 crore versus (Mar'21 Rs 11.86 crore). Operating Profit slipped by 16.10 per cent to Rs 342.06 crore as against Rs 407.72 crore in the year ago period, while Operating Profit Margin (OPM) contracted year-on-year to 25.27 per cent in March quarter. Interest grew by 10.93 per cent y-o-y to Rs 4.87 crore, while Taxation decreased by 20.89 per cent at Rs 78.60 crore (Mar'21 Rs 99.35 crore).
