Pidilite Industries Q4 net up 27% at Rs 81.34 cr

Chemical products firm Pidilite Industries, makers of the Fevicol brand of adhesive, today reported 27% rise in consolidated net profit at Rs 81.31 crore for the quarter ended March 31, 2013.

The Mumbai-based firm had posted a net profit Rs 63.97 crore in the year-ago period, it said in a BSE filing.

The consolidated total income rose by 17% to Rs 839.03 crore in January-March quarter, from Rs 719.58 crore in the same quarter of 2011-12 fiscal.

The company has recommended a dividend of Rs 2.6 per share with a face value of Rs 1 per share for the financial year 2012-13.

For the entire 2012-13 fiscal, the consolidated net profit rose to Rs 423.99 crore against Rs 324.39 crore in 2011-12 fiscal.

Its consolidated total income also rose to Rs 3,678.11 crore in 2012-13 from Rs 3,126.58 crore in 2011-12.

The company scrip rose 0.52% to Rs 290.70 from its previous close on BSE.