Pidilite ka 'jod' gets tighter!

Pidilite is a big gainer on the bourses today on the back of its very good performance for Q4FY16. Intra day the stock rose over 4% at Rs.641.80 and is now at Rs.639 levels. It is tantalizingly close to its 52-week high of Rs.647.55.

Consolidated net sales for the quarter rose 18% (YoY) at Rs.1233 crore and EBITDA showed a whopping 78% jump at Rs.238 crore. The company ended the quarter with a fantastic 91% jump in net profit at Rs.151 crore. The company reduced its costs as a percentage of total sales – it was down from 90% to 83%. Tax outgo burgeoned 178% to Rs.64 crore.

The company ended FY16 with a consolidated net sales of Rs.5341 crore, up 10% and net profit of Rs.756 crore, up 47%.

The company’s equity is at Rs.51.27 crore and EPS for the year was at Rs.15 (FV of Re.1). Reserves is at Rs.2732 crore