Pidilite Industries Q4 net profit jumps 73.27% at Rs 276.52 cr
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The company reported standalone net profit of Rs 276.52 crore for the quarter ended March 31, 2021 as compared to Rs 159.59 crore in the same period last year, registering a year-on-year growth of 73.27 per cent. Net revenue of the company rose substantially by 40.84 per cent at Rs 1,857.01 crore in January-March quarter of this fiscal as against Rs 1,318.55 crore in the corresponding period last year.
During January-March quarter, operating expenses increased by 40.25 per cent to Rs 1,449.29 crore from Rs 1,033.39 crore in year ago period. Other Income dipped by 28.30 per cent at Rs 11.86 crore versus (Mar'20 Rs 16.54 crore).
Operating Profit surged by 42.98 per cent to Rs 407.72 crore as against Rs 285.16 crore in the year ago period, while Operating Profit Margin (OPM) expanded year-on-year to 1.53 per cent in March quarter. Interest grew by 18.65 per cent y-o-y to Rs 4.39 crore, while Taxation increased by 51.22 per cent at Rs 99.35 crore (Mar'20 Rs 65.70 crore).
