Pidilite Industries, a manufacturer of adhesives and industrial chemicals, witnessed a rise in share price on Thursday after the company announced a substantial rise in consolidated net profit for the quarter ended September 2015. During the quarter, the profit of the company rose 38.01% to Rs 1,917.00 million from Rs 1,389.00 million in the same quarter last year.
Revenues for the quarter rose marginally 4.93% to Rs 13,323.10 million, compared with Rs 12,697 million for the prior year period.
Earnings per share for the quarter stood at Rs 4.00, registering 33.33% growth over previous year period.
Shares of Pidilite Industries are trading at Rs 571, up Rs 6.45, or 1.14% at the Bombay Stock Exchange (BSE) on Thursday at 10:53 a.m.