Pidilite Industries Ltd., an adhesives and sealants manufacturer based in India has reported its financial results for the period ended March 31, 2020.
Q4 Results
The company’s net profit fell by 33.01% to Rs 157.53 crores ($20.7 million) for the period ended March 31, 2020 as against Rs 235.14 crores ($30.9 million) for the period ended March 31, 2019.
“The quarter performance was significantly impacted by the lockdown on account of the pandemic as well as related disruptions in the supply chain. While topline growth remains subdued, earnings have improved substantially, primarily as a result of softer input costs,” Pidilite Industries Managing Director Bharat Puri said in a regulatory filing.
Net sales dropped by 8.07% to Rs 1558.64 crores ($204.8 million) during the period ended March 31, 2020 as compared to Rs 1695.49 crores ($222.7 million) during the period ended March 31, 2019.
Full-Year Results
The company’s net profit rose by 20.71% to Rs 1116.42 crores ($146.7 million) for the full-year period ended March 31, 2020 as against Rs 924.91 crores ($121.5 million) for the full-year period ended March 31, 2019.
The company has reported net sales of Rs 7443.90 crores ($977.9 million) during the full-year period ended March 31, 2020, a 3.04% increase compared to Rs 7224.60 crores ($949.1 million) during the full-year period ended March 31, 2019.
The company has reported EPS of Rs 21.97 ($0.29) for the full-year period ended March 31, 2020 as compared to Rs 18.20 ($0.24) for the full-year period ended March 31, 2019.