Pidilite Industries on Wednesday reported a consolidated net profit of ₹427.5 crore for the March quarter, up 40.5% from ₹304.3 crore a year ago, but below CNBC-TV18’s poll estimate of ₹450 crore.
Revenue from operations rose 8.2% year-on-year (YoY) to ₹3,141 crore, also slightly under the estimated ₹3,148 crore.
The company’s earnings before interest, tax, depreciation, and amortisation (EBITDA) came in at ₹623.5 crore, up 9.6% YoY but again short of the expected ₹652 crore.
EBITDA margin stood at 20.1%, broadly steady compared to 19.9% in the year-ago period, but lower than the poll estimate of 20.7%, suggesting some pressure on operating costs.
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The board has recommended a dividend of ₹20 per share for the financial year.
Ahead of the earnings announcement, shares of Pidilite Industries ended 0.86% lower at ₹2,955.95 on the BSE.
