PI Industries declares strong Q1 results

On July 27, stock price of PI Industries has jumped by 8 per cent to hit 52-week high of Rs 786.8 after the company disclosed its strong Q1FY17 results. June quarter net profit has jumped 48 per cent year-on-year (YoY) to Rs 127 crore. 

On yearly front company's consolidated revenue from operation has grown by 15.37 per cent to Rs 683 crore in Q1FY17 as compared to Q1FY16. Whereas the EBITDA has been raised by 22.39 per cent to Rs 164 crore in Q1FY17 as compared to same period of the previous year. Also the PAT margin has seen a strong growth. In Q1FY17 the PAT margin stands at 18.45 per cent from 14.52 per cent in Q1FY16. 

Meanwhile the quarter on quarter (QoQ) consolidated revenue has grown by 12.9 per cent, and EBITDA has grown by 56.19 per cent. Whereas the PAT has risen by 34.57 per cent on a quarterly basis. Company's exports have grown by 20 per cent, while domestic revenues have risen by 10 per cent despite delayed onset of the monsoon.

PI Industries Ltd., is an Indian company with business interest in Agri inputs and Fine Chemicals. Its agri inputs include insecticides, fungicides, herbicides, plant nutrients, seed treatment chemicals, active ingredients, and seeds. The company also offers contract research and manufacturing services in the areas of fine chemicals, agro-chemicals, and pharma intermediates.