close

Pidilite Industries dips 3%, hits six-month low on disappointing Q3 results

Ebitda remained under pressure due to higher input costs and impact of currency depreciation, the company said

SI Reporter Mumbai
PIDILITE
Premium

Shares of Pidilite Industries hit six-month low of Rs 2,300, falling 3.5 per cent on the BSE in Wednesday's intra-day trade, after the company reported 14.3 per cent year-on-year (YoY) decline in consolidated profit after tax (PAT) at Rs 308 crore, due to higher raw material and interest cost. The stock of one of the leading manufacturer of adhesives, sealants and construction chemicals company was trading at its lowest level since July 27, 2022. In the past one week, it has declined 8 per cent, as compared to 1 per cent fall in the S&P BSE Sensex.
Or

Also Read

Easing material costs to aid Pidilite margins, near-term pressures weigh

Pidilite Industries may not raise prices as raw material cost moderates

Sharp dip in input cost to aid Pidilite Industries' margin recovery

Pidilite may enter Nifty 50 once HDFC gets taken off after merger

Pidilite may miss out on Nifty 50 inclusion post index rebalancing

Stock of this iron & steel company has zoomed 54% in 1 month; hits new high

Healthy near-term growth outlook for Polycab India after record Q3 profit

Chart: 15 stocks in Nifty 500 continue to rise despite volatile sentiment

Zomato plunges 15%, hits lowest level since July 2022 on heavy volumes

TVS Motor gains 3% in weak market on stable Q3 performance

Pidilite Inds.

  • 1D
  • 5D
  • 1M
  • 3M
  • 6M
  • 5Y
  • MAX

First Published: Jan 25 2023 | 2:33 PM IST

Explore News

To read the full story, subscribe to BS Premium now, at just Rs 249/ month.

Key stories on business-standard.com are available only to BS Premium subscribers. Already a BS Premium subscriber?LOGIN NOW

Register to read more on Business-Standard.com