- Net Income: Pidilite Industries reported a net income of 5.7 billion rupees, marking a 21% increase year-over-year. The estimate was 5.24 billion rupees.
- Revenue: The company’s revenue stood at 33.95 billion rupees, up by 3.5% from the previous year but below the estimate of 34.83 billion rupees.
- Total Costs: Total costs for the quarter were 26.79 billion rupees, a slight increase of 1.1% compared to last year.
- Finance Cost: Finance costs decreased by 0.5% year-over-year, totaling 118.2 million rupees.
- Employee Benefits: Expenses on employee benefits were 4.17 billion rupees, a significant 17% increase year-over-year.
- Other Expenses: Other expenses amounted to 5.97 billion rupees, a 9.9% rise compared to the previous year.
- Other Income: Other income surged to 539.4 million rupees, compared to 234.3 million rupees in the previous year.
- Stock Performance: Shares of Pidilite Industries rose by 3.3% to 3,155 rupees, with a total of 314,794 shares traded.
- Analyst Ratings: The stock has received 9 buy ratings, 3 hold ratings, and 5 sell ratings from analysts.
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
Based on Smartkarma’s Smart Scores, Pidilite Industries has a generally positive long-term outlook. The company scores well for resilience, indicating its ability to weather economic uncertainties and challenges. This suggests that Pidilite Industries is well-positioned to navigate market downturns and maintain its performance over the long term. Additionally, the company receives average scores for value, dividend, growth, and momentum, highlighting a stable and balanced performance across these key factors.
Pidilite Industries Ltd. is a diversified manufacturer that produces a wide range of consumer and specialty industrial products. Its offerings include art materials, adhesives, industrial pigments, and leather chemicals, among others. This diversified product portfolio enables Pidilite Industries to cater to various market segments and withstand changes in consumer demand. With a strong focus on resilience and a solid foundation across other key factors, Pidilite Industries is poised for steady growth and continued success 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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