Pidilite Industries - Q4FY20 - Angel Broking

Mr. Jyoti Roy, DVP Equity Strategist, Angel Broking Ltd

"Revenue from operations declined by 5.8% to Rs 1,544.7 crore in Q4FY20 as compared with Rs 1,639.3 crore in the same period of 2018-19. EBITDA margin was up by 247bps YoY to 19.48%. Net profit was down by 33.0% to Rs 157.5 crore as the company made a one time provision for impairment loss on plant and machinery at Dahej Elastomer Project amounting to Rs. 33 Cr in the current quarter. Adj PAT for the quarter stood at 253.4 Cr vs expectation of 277.2 Cr. Q4 performance was significantly impacted by the lockdown due to the Covid-19 pandemic as well as related disruptions in supply chain. While top line growth was subdued, margins have improved substantially, primarily due to softer input costs. The Q4FY20 numbers were broadly in line with street estimates."

Shares of PIDILITE INDUSTRIES LTD. was last trading in BSE at Rs.1432.4 as compared to the previous close of Rs. 1431. The total number of shares traded during the day was 34873 in over 3375 trades.

The stock hit an intraday high of Rs. 1473 and intraday low of 1428. The net turnover during the day was Rs. 50522753.

Source : Equity Bulls

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