PIDILITE INDUSTRIES LIMITED

REGD. OFFICE : 7th Floor, Regent Chambers, Jamnalal Bajaj Marg,

208, Nariman Point, Mumbai - 400 021.
STATEMENT OF STANDALONE & CONSOLIDATED UNAUDITED FINANCIAL RESULTS FOR THE QUARTER AND NINE MONTHS ENDED 31.12.2013
(Rs. In Lakhs)

Part I

Standalone

Sr. Particulars
No.

For the Quarter ended

Consolidated
For the Nine months
ended

For the Year

ended

For the Quarter ended

For the Nine months ended

For the
Year ended

31.12.2013

30.09.2013

31.12.2012

31.12.2013

31.12.2012

31.03.2013

31.12.2013

30.09.2013

31.12.2012

31.12.2013

31.12.2012

31.03.2013

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

Audited

Income from Operations

a) Net sales / Income from Operations (Net of excise duty)
b) Other Operating Income

95868
624

98515
602

83276
480

295376
1717

255636
1453

331177
1992

106255
624

109407
602

92700
479

327543
1717

282454
1454

365794
2017

Total Income from Operations (net)

96492

99117

83756

297093

257089

333169

106879

110009

93179

329260

283908

367811

Expenses
a) Cost of materials consumed
b) Purchases of stock-in-trade
c) Changes in inventories of finished goods, work-in-progress and stock-in-trade
d) Employee benefits expense
e) Depreciation and amortisation expense
f) Other expenses
Total Expenses

47756
4068
1034
8622
1807
19541
82828

52481
4626
(2037)
8822
1684
16765
82341

39666
3893
2122
7387
1413
15553
70034

145461
14187
2271
26538
5022
52308
245787

126791
11910
2790
22543
3932
44175
212141

169667
15612
(3219)
30103
5324
59646
277133

52194
5061
1376
10736
2126
21596
93089

57173
6168
(2366)
10866
2084
19192
93117

43439
5107
2525
9290
1803
17883
80047

158294
18639
2659
32730
6129
59169
277620

137501
15773
3509
28020
5115
50927
240845

184402
21590
(4476)
37458
6858
68784
314616

Profit from operations before other Income, finance costs and exceptional items (1-2)

13664

16776

13722

51306

44948

56036

13790

16892

13132

51640

43063

53195

4
5
6
7
8

Other Income
Profit from ordinary activities before finance costs and exceptional Items (3+4)
Finance Costs
Profit from ordinary activities after finance costs but before exceptional items (5-6)
Exceptional items

695
14359
316
14043
637

869
17645
377
17268
-

1635
15357
(238)
15595
(58)

2461
53767
1052
52715
637

4241
49189
855
48334
(58)

6590
62626
1217
61409
(594)

708
14498
567
13931
637

821
17713
618
17095
-

1897
15029
11
15018
(58)

2495
54135
1730
52405
637

4875
47938
1526
46412
(58)

7047
60242
2138
58104
(183)

Profit from ordinary activities before Foreign Exchange Difference Expense/

(Income) (7-8)

13406

17268

15653

52078

48392

62003

13294

17095

15076

51768

46470

58287

10 Foreign Exchange Difference Expense / (Income)

302

610

(893)

144

(131)

46

335

592

(883)

180

(80)

154

11 Profit from ordinary activities before tax (9-10)

13104

16658

16546

51934

48523

61957

12959

16503

15959

51588

46550

58133

12 Tax Expense

3293

4698

4127

13936

12364

15881

3335

4751

4133

14067

12374

15951

13 Net Profit from ordinary activities after tax (11-12)

9811

11960

12419

37998

36159

46076

9624

11752

11826

37521

34176

42182

14
15
16
17

9811
-

11960
-

12419
-

37998
-

36159
-

46076
-

9624
111
(11)

11752
104
(8)

11826
7
66

37521
180
(30)

34176
31
60

42182
241
(24)

9811

11960

12419

37998

36159

46076

9724

11848

11899

37671

34267

42399

5126

5126

5126

5126

5126

5126

5126

5126

5126

5126

5126

5126

Extraordinary Items
Net Profit for the period (13-14)
Share of Profit/(Loss) of associates
Minority Interest

18 Net Profit after taxes, minority interest and share of profit / (loss) of associates (15+16+17)
19 Paid-up Equity Share Capital
(Face value of share : Re. 1/-)
20 Reserves excluding Revaluation Reserves as at balance sheet date
21(i) Earnings per share (before and after extraordinary item)(of Re.1/- each) :
a) Basic
b) Diluted

168117
@
@

1.91 @
1.91 @

2.33 @
2.33 @

2.43 @
2.43 @

7.41 @
7.41 @

7.11
7.11

9.04 @
9.04 @

PART II Select information for the Quarter and Nine months ended 31.12.2013
A
1

PARTICULARS OF SHAREHOLDING
Public Shareholding
- Number of Shares
- Percentage of Shareholding
Promoters and Promoter Group Shareholding
a. Pledged / Encumbered
- Number of Shares
- Percentage of shares (as a % of the total shareholding of promoter and of
promoter group)
- Percentage of shares (as a % of the total share capital of the Company)
b. Non-encumbered
- Number of Shares
- Percentage of Shares (as a % of the total shareholding of promoter and of
promoter group)
- Percentage of Shares (as a % of the total share capital of the Company)
Particulars
INVESTOR COMPLAINTS

153468784
29.94

359173546
100

153468784
29.94

153475450
29.94

153468784
29.94

153475450
29.94

153475450
29.94

359173546
100

359166880
100

359173546
100

359166880
100

359166880
100

70.06
70.06
3 months ended 31.12.2013

70.06

70.06

70.06

70.06

160027
1.90 @
1.90 @

2.31 @
2.31 @

2.31 @
2.31 @

7.35 @
7.35 @

6.72
6.72

8.27
8.27

Pending at the beginning of the quarter

Received during the quarter
Disposed of during the quarter
Remaining unresolved at the end of the quarter
@ For the period only and not annualised.

1
7
8
Nil

---- 2 ---REPORTING OF SEGMENT WISE REVENUE, RESULTS AND CAPITAL EMPLOYED

Sr.

Particulars

No.
1

For the Quarter ended

Standalone
For the Nine months
ended

31.12.2013

30.09.2013

31.12.2012

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

For the year

ended

31.12.2013 31.12.2012 31.03.2013

Audited

Consolidated
For the Nine months
ended

For the Quarter ended

31.12.2013

30.09.2013

31.12.2012

31.12.2013

Unaudited

Unaudited

Unaudited

Unaudited

Unaudited

(Rs. In Lakhs)

For the year

ended

31.12.2012 31.03.2013
Audited

Segment Revenue
a) Consumer & Bazaar Products
b) Industrial Products
c) Others

78220
19386
686

78826
21615
998

67941
16570
609

241211
59633
2361

208762
52101
1327

267432
70819
1984

88607
19386
686

89718
21615
998

77365
16570
609

273378
59633
2361

235580
52101
1327

302049
70819
1984

Total
Less : Inter Segment Revenue

98292
2424

101439
2924

85120
1844

303205
7829

262190
6554

340235
9058

108679
2424

112331
2924

94544
1844

335372
7829

289008
6554

374852
9058

Net Sales / Income From Operations

95868

98515

83276

295376

255636

331177

106255

109407

92700

327543

282454

365794

Segment Results
a) Consumer & Bazaar Products
b) Industrial Products
c) Others

15590
1806
(371)

19305
2468
(65)

15880
1828
(246)

59048
6189
(409)

50815
5747
(698)

64449
8071
(969)

15521
1806
(371)

19286
2468
(65)

15758
1828
(246)

59118
6189
(409)

50021
5747
(698)

61810
8071
(969)

Total
Less : i) Interest
ii) Other Unallocable Expenditure Net Of Unallocable Income

17025
245

21708
300

17462
(356)

64828
838

55864
510

71551
793

16956
450

21689
484

17340
(153)

64898
1361

55070
1054

68912
1542

3676

4750

1272

12056

6831

8801

3547

4702

1534

11949

7466

9237

Total Profit Before Tax

13104

16658

16546

51934

48523

61957

12959

16503

15959

51588

46550

58133

Capital Employed
a) Consumer & Bazaar Products
b) Industrial Products
c) Others
d) Unallocated

53448
32131
4124
121537

51909
28066
3286
118171

46556
19196
4626
108542

53448
32131
4124
121537

46556
19196
4626
108542

47795
20978
4247
100223

82692
32131
4124
91971

72860
28066
3286
90690

65563
19196
4626
83193

82692
32131
4124
91971

65563
19196
4626
83193

66311
20978
4247
73617

Total Capital Employed

211240

201432

178920

211240

178920

173243

210918

194902

172578

210918

172578

165153

Notes:

1.

The above results have been reviewed by the Audit Committee on 27th January 2014 and approved by the Board of Directors at their meeting held on 28th January 2014.

2. The Statutory Auditors have carried out a "Limited Review" of the standalone financial results for the quarter and nine months ended 31st December 2013.
3.

The Company has opted to publish Standalone as well as Consolidated financial statements. The Consolidated financial results prepared as per Accounting Standard (AS-21) and
Accounting Standard (AS-23) comprise the results of Pidilite Industries Ltd. (Holding Company), 19 subsidiary companies, two partnership firms and one associate company.

4.

Unallocated Capital Employed as at 31st December 2013 includes a) Capital Work in Progress of Rs. 36850 lakhs (31st December 2012 Rs. 36000 lakhs) of Synthetic Elastomer
Project b) Investment in units of mutual funds/ term deposit with banks Rs.29061 lakhs (31st December 2012 Rs.36383 lakhs).

5.

During the quarter, outstanding 600 Secured Redeemable Non Convertible Debentures aggregating Rs. 6000 lakhs were redeemed on 5th December 2013.

6.

During the quarter, the Company has incorporated a subsidiary company named "Percept Waterproofing Services Limited" for the purpose of carrying on business of waterproofing application and consultancy

services.

7. Exceptional items in standalone and consolidated result includes :

1) Voluntary Retirement Scheme Rs.637 lakhs for the quarter and nine months ended 31st December 2013.
2) Gain on payment of sales-tax deferral laibility Rs.1068 lakhs for the year ended 31st March 2013.
3) Reversal of provision in value of long term investments (net) Rs.58 Lakhs for the quarter and nine months ended 31st December 2012 and Rs.57 lakhs for year ended 31st March 2013.
4) Provision for diminution in value of investment in a subsidiary company Rs.531 lakhs is only in the standalone results for the year ended 31st March 2013.

5) In addition, impairment of goodwill Rs.942 lakhs is in the consolidated results for the year ended 31st March 2013.
8.

During the quarter, Company has granted 49,000 Stock Options pursuant to Employee Stock Option Scheme 2012. Upon vesting in two equal installments over a period of two years,
each option entitles the grantee to one share @ Re. 1 per share.

9.

Previous period figures are regrouped wherever necessary.

Mumbai

th

Dated : 28 January, 2014

M.B.PAREKH
Chairman & Managing Director

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