Stocks including Reliance Industries, Titan, ONGC, YES Bank, IEX, Meesho, Lodha Developers, IRB Infra, Steel Companies and more will be in the spotlight on Wednesday, January 07.
SMIFS said that GMR Airports continues to move higher along a rising trendline, indicating continuation of the short-term uptrend after a healthy consolidation.
Pidilite Industries reported an 8.2% year-on-year rise in consolidated net profit to 584.6 crore for the July–September quarter, slightly below Street expectations of 608 crore. Revenue grew 9.9% to 3,554 crore, marginally ahead of estimates, while EBITDA increased 10.5% year-on-year to 850 crore. Operating margin remained steady at 23.9%, in line with the previous year’s 23.8%. The company’s results reflect strong underlying volume growth and stable margins despite a challenging macroeconomic environment.
Pidilite Industries shares opened at Rs 1,539.90 apiece against Monday's closing price of Rs 3,037.75. Time Technoplast shares opened at Rs 244.25 apiece against previous day's closing price of Rs 477.75.
This marks the first bonus issue by Pidilite Industries since March 2010 and the fourth in its history. All three earlier bonus issues by the company were also in the ratio of 1:1, data compiled from AceEquity shows.
Stocks including Kfin Tech, Maruti Suzuki, Euro Pratik, Hyundai Motors, Vikran, Alkem Labs, RVNL, NPTC Green and more will be in the spotlight on Tuesday, September 23.
The brokerage said Asian Paints remains focused on safeguarding its market share, with its EBITDA margin likely to stabilise within the 18–20 per cent band.
The Pidilite Industries board, at its meeting held on August 30, had recommended and approved a special dividend of Rs 10 per equity share of a face value of Rs 1 each.
The company achieved a volume growth of 9.9%, which is on the higher side of the projected 8% to 10% range. Pidilite's revenue for the quarter increased by 10.5% to ₹3,753 crore, slightly exceeding the market estimate of ₹3,700 crore. Additionally, the company's EBITDA rose by 16% to ₹941 crore, surpassing the anticipated ₹874 crore, with the EBITDA margin improving by 110 basis points to 25% compared to the previous year. Pidilite's board also approved significant shareholder returns in the form of a bonus issue and a special dividend. Shareholders are set to receive one bonus share for every share held, with the record date yet to be confirmed, alongside a special dividend of ₹10 per share, scheduled for August 13. Catch Shailendra Bhatnagar in conversation with Sudhanshu Vats, Managing Director, Pidilite Industries decoding Q1 results and growth blue print.
Pidilite also announced a special interim dividend of Rs 10 per share, with a record date set for August 13, 2025, along with a bonus issue in a 1:1 ratio, for which the record date is yet to be announced.
Pidilite Industries reported a 9.9% volume growth and a 16% rise in EBITDA, surpassing expectations.
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