Page 28 - Annual Report 2019-20
P. 28
management discussion and analysis 27
FINANCIAL Consolidated Financials On a constant currency basis, FINANCIAL Standalone Financials For the year, sales volume and
mix grew by
the overseas subsidiaries
REVIEW Consolidated Net Sales reported sales growth of REVIEW As a result of the nation-wide PIDILITE ANNUAL REPORT 2019-20
grew by 9.6% lockdown declared in March 1.7%
2020, the standalone net sales
3.1% in the last ten days of the and EBITDA, excluding
EBITDA grew by quarter, and of the year, non-operating income
were lower than the same
“EBITDA” (earnings before period last year by around improved by
Interest, Taxes, Depreciation, ` 150 crores. This is equivalent
Exceptional items and foreign 107.9% to around 11 % of Q4 net 14.4%
exchange dierences) before sales last year.
non-operating income, due to higher sales and better
increased by gross margin due to softer Lower sales in the last ten
input cost.
14.8% days of the quarter and the Profit Before Tax (PBT) and
year resulted in last quarter’s
exceptional items grew by
standalone net sales growth
reducing from around 9.6% 8.7%
Domestic subsidiaries sales st
declined by as on 21 March 2020 to
Profit Before Tax (PBT) grew by (4.3%)* as on quarter end. Excluding exceptional items+
The year’s standalone net sales
9.5% 8.2% growth reduced from around in current year and income
from inter-company transfer of
7.1% as on 21 March 2020 to
st
EBITDA de-grew by 4.0%* as on year end. intangible assets and dividend
PBT - excluding exceptional The consequent impact on income from subsidiaries, in
items* grew by 8.3% standalone EBITDA growth last year, PBT grew by
12.2% on account of lower sales and is estimated at a reduction 12.7%
of 29.0% for last quarter and
hence higher absorption of 6.0% for the year.
fixed cost.
* Audited numbers, all other
Profit After Tax (PAT) grew by numbers are not reviewed/ Profit After Tax (PAT) grew by
audited by auditors.
20.8% 12.5%
PAT - excluding exceptional Excluding exceptional items+
items* grew by in current year and income
from inter-company transfer of
24.4% intangible assets and dividend
income from subsidiaries and
eect of tax thereon, in last
year, PAT grew by
* Exceptional item represents 23.3%
impairment loss on plant and
machinery at Dahej Elastomer
PIDILITE ANNUAL REPORT 2019-20 value of investments amounting to + Exceptional item represents
Project amounting to ` 55 crores in
current period and impairment in
impairment loss on plant
` 18 crores in previous period.
and machinery at Dahej
Elastomer Project amounting
to ` 55 crores and impairment
in value of investments of
` 4 crores.
26 a subsidiary amounting to
