Pidilite Industries trades higher on reporting 32% rise in Q1 consolidated net profit
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Pidilite Industries is currently trading at Rs. 2535.00, up by 14.85 points or 0.59% from its previous closing of Rs. 2520.15 on the BSE.
The scrip opened at Rs. 2557.80 and has touched a high and low of Rs. 2557.80 and Rs. 2517.05 respectively. So far 11619 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 2916.85 on 15-Sep-2022 and a 52 week low of Rs. 2250.85 on 24-Feb-2023.
Last one week high and low of the scrip stood at Rs. 2626.55 and Rs. 2509.95 respectively. The current market cap of the company is Rs. 128763.76 crore.
The promoters holding in the company stood at 69.92%, while Institutions and Non-Institutions held 19.25% and 10.83% respectively.
Pidilite Industries has reported 40.25% rise in its net profit at Rs 467.51 crore for first quarter ended June 30, 2023 as compared to Rs 333.35 crore for the same quarter in the previous year. Total income of the company increased by 6.79% at Rs 2990.59 crore for Q1FY24 as compared Rs 2800.45 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 32.49% rise in its net profit at Rs 473.69 crore for the first quarter ended June 30, 2023 as compared to Rs 357.52 crore for the same quarter in the previous year. Total income of the company increased by 6.00% at Rs 3298.54 crore for Q1FY24 as compared Rs 3111.79 crore for the corresponding quarter previous year.
