Shares of Pidilite Industries Ltd, a leading adhesive manufacturing company, gained attention in Wednesday’s trading session. The stock rose by 2% to reach an intraday high of ₹3,059.
This rise was mainly due to the company’s strong performance in the June quarter, along with the announcement of bonus shares and a special dividend.
Bonus Shares and Dividend Announcement
Pidilite’s board has approved the issuance of bonus shares in the ratio of 1:1.
This means if you hold 1 share, you will receive 1 extra share. The record date for receiving the bonus shares will be announced later.
In addition, the board has declared a special dividend of ₹10 per share. The record date for this dividend is set as August 13.
Pidilite shares have performed strongly in the long term:
125% return in the last 5 years
48,000% return since 1999
52-week high: ₹3,414.40
52-week low: ₹2,620.15
Current market cap: ₹1,54,500.60 crore
Strong Financial Performance in Q1 FY25
In the June quarter, Pidilite reported a net profit of ₹678 crore, which is an 18.7% increase compared to the same period last year.
Other key highlights:
Revenue: ₹3,753 crore (up 10.5% year-on-year)
EBITDA: ₹941 crore (up 16% year-on-year)
EBITDA margin: Improved by 110 basis points to 25%
