Pidilite Q3FY08 Results

Pidilite Industries Ltd has announced the following Unaudited Results for the quarter ended December 31, 2007:

The Company has posted a net profit of Rs 409 million for the quarter ended December 31, 2007 where as the same was at Rs 241 million for the quarter ended December 31, 2006. Total Income is Rs 3987 million for the quarter ended December 31, 2007 where as the same was at Rs 2880 million for the quarter ended December 31, 2006.

The Scheme of demerger of the Vinyl Acetate Monomer (VAM) Manufacturing Undertaking of Vinyl Chemicals (India) Ltd. (VCIL) at Mahad into the Company (Appointed date being April 01, 2007) has been approved by the Hon'ble High Court of Judicature at Bombay on December 14, 2007 (Effective date January 18, 2008). Accordingly, figures for the quarter ended December 31, 2007 include figures of the said demerged Manufacturing Undertaking of VCIL at Mahad. Also the segment wise revenue, results and capital employed of the demerged manufacturing undertaking of VCIL at Mahad, are included in the segment namely Others. Therefore figures for the quarter ended December 31, 2007 are not comparable with corresponding figures of previous year which do not include figures of demerged Manufacturing Undertaking of VCIL at Mahad.