 "PIDILITE")
Adhesive major Pidilite Industries reported a 1,277 percent year-on-year (YoY) jump in its profit after tax (PAT) for the April-June quarter. Net profit for the quarter stood at Rs 217.6 crore, up from Rs 15.8 crore in the corresponding quarter last year.
Its operating revenue grew 121 percent to Rs 1,936.8 crore from Rs 877.8 crore. In comparison to its pre-COVID performance, Pidilite’s top-line and bottomline continued to suffer in 2021. Its PAT and operating revenue remained 26 percent and four percent lower than April-June, 2019 quarter.
In the quarter, Pidilite’s cost of materials consumed spiked 276 percent to Rs 911 crore
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