PIDILITIND

Feb 7 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• RECEIVES TAX ORDER IMPOSING PENALTY OF 160.3 MILLION RUPEES

Source text: ID:nBSE6xFZmJ

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Jan 22 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• Q3 CONSOL NET PROFIT 5.52 BILLION RUPEES; IBES PROFIT EST. 5.91 BILLION RUPEES

• Q3 CONSOL REVENUE FROM OPERATIONS 33.69 BILLION RUPEES; IBES EST. 33.99 BILLION RUPEES

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Dec 30 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES LTD - RECEIVES ORDER IMPOSING PENALTY OF 11.6 MILLION RUPEES

Source text: ID:nBSEbDgK9B

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Oct 23 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES Q2 CONSOL NET PROFIT 5.35 BILLION RUPEES; IBES EST. 5.29 BILLION RUPEES

• PIDILITE INDUSTRIES Q2 CONSOL REVENUE FROM OPERATIONS 32.35 BILLION RUPEES; IBES EST. 32.73 BILLION RUPEES

Source text for Eikon: ID:nBSE3fC49z

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Sept 27 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES - PIDILITE VENTURES INVESTS 50 MILLION RUPEES IN WIFY

• PIDILITE INDUSTRIES - PIDILITE VENTURES INVESTS IN HOME IMPROVEMENT, MAINTENANCE PLATFORM

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BENGALURU, Aug 7 (Reuters) - India's Pidilite Industries PIDI.NS beat first-quarter profit estimates on Wednesday, helped by steady demand for its adhesives and sealants and largely flat costs.

Pidilite reported a consolidated net profit of 5.67 billion rupees ($67.4 million) in the April-June quarter, up 21% from a year ago. Analysts were expecting a profit of 5.32 billion rupees, as per LSEG data.

The adhesives maker notched a 3% sales growth in its biggest segment - consumer and bazaar - which consists of the Fevicol adhesive and Dr. Fixit waterproofing products brands.

During the April-June quarter, India witnessed a booming manufacturing sector activity as output increased on robust demand.

This robust demand, particularly in the construction sector, led to heightened consumption of construction-related chemicals such as those made by Pidilite.

The company reported a revenue of 33.95 billion rupees, compared to 32.75 billion rupees a year ago, while total expenses were largely flat at 26.79 billion rupees.

Its earnings before interest, taxes, depreciation and amortization (EBITDA) margin grew by 15% over the same quarter year ago.

"Given a healthy monsoon and the ensuing festival season, we remain optimistic on market demand and our ability to deliver robust growth," Managing Director Bharat Puri said in an earnings statement.

Shares of Pidilite extended its gains, rising as much as 4.6% after the results.

($1 = 83.9575 Indian rupees)

(Reporting by Yagnoseni Das in Bengaluru; Editing by Varun H K)

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June 14 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• JV OF CO ENTERED AGREEMENT WITH INDUSTRIA CHIMICA ADRIATICA SPA FOR LICENSING OF CERTAIN UV TECHNOLOGY FROM ICA

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June 13 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PARGRO WILL BE ACQUIRED THROUGH CO'S UNIT BHIMAD COMMERCIAL

• RBI HAS NOW GRANTED APPROVAL TO PARGRO FOR CHANGE IN SHAREHOLDING, CHANGE IN BOARD COMPOSITION OF PARGRO

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May 29 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES LTD - GETS ORDERS FROM ASSISTANT COMMISSIONER OF STATE TAX, MUMBAI IMPOSING TOTAL PENALTY OF 3.9 MILLION RUPEES

Source text for Eikon: ID:nBSE1qDDTw

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BENGALURU, May 7 (Reuters) - India's Pidilite Industries PIDI.NS, which makes Fevicol adhesives and Dr. Fixit waterproofing products, posted a 6.2% jump in fourth-quarter profit on Tuesday, driven by lower input costs.

A healthy real estate sector and rising infrastructure creation are driving demand for construction chemical makers like Pidilite.

The company's consolidated net profit rose to 3.01 billion rupees ($36.07 million) in the quarter ending March 31, which is traditionally its weakest quarter, from 2.83 billion rupees a year earlier.

Its revenue increased 7.9% to 29.02 billion rupees, marking the sixth consecutive quarter of single-digit percentage growth.

Prices of vinyl acetate monomer, a key raw material for adhesives, have fallen steeply since last year, helping bring down the company's cost of materials consumed by 6.8% in the fourth quarter.

Sales rose 6.4% in its consumer and bazaar business segment, which houses the Fevicol and Dr. Fixit brands, and accounts for over 75% of the total revenue.

"While there may be short term softness in the environment in near term, we continue to remain optimistic about market demand in the medium term, with overall increase in construction activities, government spending," Pidilite Industries Managing Director Bharat Puri said in a statement.

The company's shares closed down 0.1% ahead of results.

($1 = 83.4593 Indian rupees)

(Reporting by Yagnoseni Das, Meenakshi Maidas in Bengaluru; Editing by Mrigank Dhaniwala)

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May 6 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• GOT TAX ORDER IMPOSING FINE OF 1 MILLION RUPEES

Source text for Eikon: ID:nBSE7hQcKR

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March 28 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES - EXECUTED AGREEMENT WITH SOPREMA, BRAZIL TO DIVEST ITS ENTIRE SHAREHOLDING IN UNIT, (PULVITEC) IN BRAZIL

Source text for Eikon: ID:nBSE8ytKXT

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March 21 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• GET 2 TAX PENALTIES OF 1.6 MILLION RUPEES EACH

Source text for Eikon: ID:nBSE3Xsxw

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Feb 29 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES LTD - NAMES KAVINDER SINGH AS JOINT MANAGING DIRECTOR DESIGNATE

Source text for Eikon: ID:nBSE1QjDtM

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Feb 15 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• RECEIVED AN ORDER FROM CUSTOMS DEPARTMENT IMPOSING A FINE OF 500,000 RUPEES AND PENALTY OF 3.3 MILLION RUPEES

Source text for Eikon: ID:nBSE2htJVW

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Feb 5 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE'S ROFF EXPANDS FOOTPRINT WITH LAUNCH OF NEW FACTORY IN UTTAR PRADESH

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Jan 23 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• CONTINUE TO REMAIN OPTIMISTIC ABOUT MARKET DEMAND IN NEAR TERM

Source text for Eikon: ID:nNSEKxM8P

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Jan 15 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PARTNERSHIP WITH ITALY-BASED SYN-BIOS

• PARTNERSHIP TO EXPAND SUPPLY OF ADVANCED LEATHER CHEMICALS

• CO WILL HANDLE SALES AND DISTRIBUTION OF SYN-BIOS PRODUCTS IN INDIA, SRI LANKA, BANGLADESH, NEPAL, AND VIETNAM

Source text for Eikon: ID:nBSE4YnpLj

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Nov 30 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• ADDITIONAL COMMISSIONER OF CGST COMMISSIONERATE, SHIMLA IMPOSED PENALTY OF 2.2 MILLION RUPEES ON CO

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Nov 24 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• TAX AUTHORITY IMPOSES PENALTY OF 3.5 MILLION RUPEES

Source text for Eikon: ID:nBSEbpvPlz

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Nov 8 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• INDIA’S PIDILITE INDUSTRIES SEPT-QUARTER CONSOL NET PROFIT 4.5 BILLION RUPEES

• PIDILITE INDUSTRIES SEPT-QUARTER CONSOL REVENUE FROM OPERATIONS 30.76 BILLION RUPEES

• PIDILITE INDUSTRIES SEPT-QUARTER YEAR AGO CONSOL NET PROFIT 3.32 BILLION RUPEES, REVENUE 30.11 BILLION RUPEES

Source text for Eikon: ID:nBSE8lr4SM

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Oct 13 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• TOY COMPANY IMAGIMAKE RAISES 200 MILLION RUPEES FROM PIDILITE VENTURES

Source text for Eikon: ID:nBSETS1RY

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Sept 28 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• PIDILITE INDUSTRIES LTD - PIDILITE VENTURES AGREED TO MAKE AN INVESTMENT OF 200 MILLION RUPEES IN IMAGIMAKE PLAY SOLUTIONS

• PIDILITE INDUSTRIES LTD - INVESTMENT DONE BY SUBSCRIBING TO COMPULSORILY CONVERTIBLE PREFERENCE SHARES

Source text for Eikon: ID:nBSEbDnl46

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Sept 8 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• ASSISTANT COMMISSIONER OF CENTRAL TAX, PUNE IMPOSED PENALTY OF 264,844 RUPEES UNDER APPLICABLE PROVISIONS OF CGST ACT, 2017

• ORDER PASSED WITH REGARDS TO DISALLOWANCE OF INPUT TAX CREDIT IN MAHARASHTRA FOR M/S. CIPY POLYURETHANES

• GST DEPARTMENT HAS DISALLOWED CO’S CLAIM ON INPUT CREDIT CLAIMED AND RELATED MATTERS

• DEMAND RELATES TO YEAR 2017-18, WHICH WAS BEFORE CIPY BECAME A SUBSIDIARY OF CO

• NO MATERIAL IMPACT ON FINANCIALS, OPERATIONS OR OTHER ACTIVITIES OF CO

Source text for Eikon: ID:nBSE8Ds7qC

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Aug 25 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• UNIT TO MAKE FURTHER INVESTMENT OF 60 MILLION RUPEES IN BUILDNEXT CONSTRUCTION SOLUTIONS

• UNIT'S INVESTMENT BY SUBSCRIBING TO COMPULSORILY CONVERTIBLE PREFERENCE SHARES OF BUILDNEXT

Source text for Eikon: ID:nBSE34cYJc

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BENGALURU, Aug 22 (Reuters) - Indian stationery maker Doms Industries has filed for an initial public offering worth 12 billion rupees ($144.53 million), draft papers filed with the market regulator showed on Tuesday.

Doms will issue new shares worth 3.5 billion rupees, while existing shareholders will sell shares worth 8.5 billion rupees, the draft prospectus showed.

Milan-listed FILA Fabbrica Italiana Lapis ed Affini SpA FILA.MI, which holds a 51% stake in the company, is selling shares worth 8 billion rupees.

Doms, which competes with Kokuyo Camlin KOCL.NS, Linc LINC.NS and Pidilite Industries PIDI.NS, aims to use proceeds from the fresh issue of shares to partly finance the cost of setting up a new manufacturing facility, it said.

Kokuyo Camlin shares surged 71% and Linc 53% so far this year amid strong demand for stationery post the pandemic. They outpaced a 7% rise in the blue-chip Nifty 50 .NSEI, which has retreated from record highs due to moderating foreign inflows, worries over U.S. Federal Reserve's interest rate hikes and growth concerns in China.

Pidilite, which makes industrial adhesives and chemicals, has slipped 2% this year.

Doms posted a net profit of 958.1 million rupees in fiscal 2023, a near seven-fold jump from a year earlier. Its revenue surged 77% to 12.12 billion rupees.

JM Financial, BNP Paribas, ICICI Securities and IIFL Securities are book-running lead managers to Doms' IPO.

($1 = 83.0261 Indian rupees)

(Reporting by Chris Thomas in Bengaluru; Editing by Shilpi Majumdar)

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Aug 10 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• INDIA’S PIDILITE INDUSTRIES JUNE-QUARTER CONSOL NET PROFIT 4.68 BILLION RUPEES VERSUS PROFIT 3.54 BILLION RUPEES

• PIDILITE INDUSTRIES JUNE-QUARTER CONSOL REVENUE FROM OPERATIONS 32.75 BILLION RUPEES VERSUS 31.01 BILLION RUPEES

Source text for Eikon: ID:nBSE6C4K4c

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June 29 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• SHAREHOLDING IN ITS SUBSIDIARY ENTITY M/S. NINA PERCEPT HAS INCREASED FROM 74.58% TO 100%

• - DEAL AT CONSIDERATION OF 377.5 MILLION RUPEES

Source text for Eikon: ID:nBSE2tZf6M

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June 20 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• TO MANUFACTURE LITOKOL AND TENAX PRODUCTS FROM ITALY IN INDIA

Source text for Eikon: ID:nBSEZjR3q

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June 19 (Reuters) - Pidilite Industries Ltd PIDI.NS:

• UNIT INCREASED HOLDING IN PIDILITE MEA CHEMICALS LLC FROM 49% TO 100%

• STAKE INCREASE ON PURCHASE OF BALANCE 51% FROM EXISTING SHAREHOLDER OF PIDILITE MEA CHEMICALS LLC

Source text for Eikon: ID:nNSE5wJvqJ

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