Pidilite Q1 results: Net profit up 21% YoY at ₹571 crore, revenue grows 3.7%

In the year-ago quarter ended June 2023, the adhesives manufacturing giant had clocked a net profit of ₹473.7 crore.

The revenue from operations during the first quarter of fiscal year 2024-25 (Q1FY25) came in at ₹3,395.3 crore, which is 3.7% higher as compared to ₹3,275 crore in Q1FY24.

The Fevicol-maker's earnings before interest taxes, depreciation and amortisation (EBITDA) jumped 15% YoY to ₹812.5 crore during the quarter under review, as compared to ₹707 crore in the year-ago period.

The EBITDA margin improved by 240 basis points (bps) to 24% in Q1FY25, as against 21.6% in Q1FY24.

Pidilite shares

Shares of Pidilite traded in the green ahead of the release of the Q1 results. After the earnings report was out, the stock surged by up to 4.6%.

An intraday high of ₹3,196 per share was clocked on the NSE, which was 4.6% higher as against the last closing price. At 3:16 pm, the stock was trading 3.15% higher at ₹3,151.5 apiece.

Year-to-date, Pidilite's shares are up by around 16%, whereas the surge has been sharper at around 20% in the past 12 months.