Page 38 - Annual Report 2019-20

directors’ report 37

8.7
To PBT, PAT & 8.7 1,496
The Members GrowTh (YoY) 19-20
19-20
1,161 PIDILITE ANNUAL REPORT 2019-20
Your Directors take pleasure in presenting the Fifty First Annual Report 18.5
18.5
3.4
together with Audited Financial Statements for the year ended 3.4
31 March 2020. 1,376
st
18-19
18-19
979
Financial Results (Standalone) 2.5
2.5
7.4
7.4
1,331
(` in crores ) 17-18
17-18
955
2019-20 2018-19
10.0
10.0 13.0
13.0
Sales 6,290.43 6,047.40 1,239
16-17
16-17
Operating Profit 1,637.28 1,489.74 868
12.2
12.2
59.8
Finance Costs (13.40) (7.14) 59.8
1,096
15-16
Depreciation, Amortisation and (125.79) (99.83) 15-16
Impairment Expense 774
49.0
Net Foreign Exchange Loss (1.86) (6.32) 49.0
Profit Before Exceptional Items and Tax 1,496.23 1,376.45 Excludes exceptional items
Exceptional Items 59.28 - PBT (` in crores) PBT (Growth %)
Profit Before Tax 1,436.95 1,376.45 PAT (` in crores) PAT (Growth %)
Current Year’s Tax (368.65) (385.56)
Profit After Current Year’s Tax 1,068.30 990.89
Deferred Tax 33.32 (11.45)
Profit After Tax 1,101.62 979.44
EquiTY DiviDEnD PAYouT & % 36.9
36.9
Profit Brought Forward 2,779.09 2,166.95 7.00 2.7 19-20 429
of STAnDALonE nET ProfiT
Financial Performance Other Comprehensive Income included (11.20) (2.98) (ExcLuDinG ExcEPTionAL iTEmS) 40.6
40.6
in retained earnings (Net of tax)
Comments on Financial 6.50 2.5 18-19 398
Performance are included in Profit available for appropriation 3,869.50 3,143.41
38.1
Management Discussion and 38.1
Analysis Report. Appropriations 6.00 2.6 17-18 364
33.8
Dividend Dividend paid (330.18) * (304.69) # 33.8
4.75 3.0 16-17 293
Your Directors recommend that the Interim Dividend paid (355.61) -
interim dividend of ` 7/- per equity 33.1
33.1
share of ` 1/- each amounting to Tax on Dividend (140.97) (59.63) # 4.15 3.0 15-16 256
` 355.61 crores, which was declared
PIDILITE ANNUAL REPORT 2019-20 out of the current year’s profit, Closing balance of Retained Earnings 3,042.74 2,779.09 Dividend per Share (`)
(826.76)
Total
(364.32) #
and paid during the Financial Year,
be considered as the final dividend
Dividend Cover (Times) Payout
on equity capital of ` 50.81 crores
* Pertaining to dividend for FY 2018-19
(previous year ` 6.50 per equity
Dividend Payout including tax on dividend
# Pertaining to dividend for FY 2017-18
share of ` 1/- each aggregating to
(net of foreign tax credit) (` in crores)
` 330.18 crores on equity capital
Dividend % To Net Profit
of ` 50.80 crores). The dividend
Policy which is given as an annexure and the same is also available on the
CAGR of 13.8% during the last
website of the Company www.pidilite.com.
five years.
36 payout amount has grown at a The dividend payout is in accordance with the Dividend Distribution