- Pidilite Industries reported a net income of 5.35 billion rupees for the second quarter, showing a 19% increase from the previous year. This figure aligns closely with the estimates of 5.34 billion rupees.
- The company generated 32.3 billion rupees in revenue, reflecting a 4.9% growth year over year, although it fell short of the projected 32.82 billion rupees.
- Total costs were up by 3.6% year over year, amounting to 25.7 billion rupees.
- The finance cost decreased by 11% from the previous year, reaching 117.3 million rupees, which is slightly below the anticipated 119.4 million rupees.
- Employee benefits expenses increased substantially by 20% year over year, totaling 4.35 billion rupees, surpassing the estimated 4.08 billion rupees.
- Other expenses were recorded at 5.54 billion rupees, a 3.6% rise year over year, but below the expected 5.91 billion rupees.
- Other income experienced significant growth, rising by 81% year over year to 571.2 million rupees.
- The analyst recommendations include seven buy ratings, four hold ratings, and five sell ratings.
A look at Pidilite Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 3 | |
| Resilience | 5 | |
| Momentum | 3 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
In analyzing the long-term outlook for Pidilite Industries, the Smartkarma Smart Scores provide valuable insights across various factors. With a strong Resilience score of 5, Pidilite Industries demonstrates a high level of stability and ability to withstand market uncertainties. This indicates a solid foundation for long-term growth and sustainability. Additionally, the company scores well in Dividend and Growth, both at a score of 3, showcasing a balanced approach towards rewarding investors and potential for future expansion.
Furthermore, while Pidilite Industries scores lower in Value and Momentum, with scores of 2 and 3 respectively, the focus on Resilience, Dividend, and Growth suggests a strategic emphasis on long-term performance and stability over short-term fluctuations. Overall, with a diverse product portfolio encompassing consumer and specialty industrial products, Pidilite Industries is positioned to navigate market challenges and capitalize on growth opportunities in the long run.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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