Mutual Funds Commodities Research Tax Planning IPO Our Team Contact Us    
Stock Report

| More

PI Industries Ltd reports Q3, 9MFY19 results

Posted On: 2019-02-12 10:08:34

PI Industries Limited (PI), a company with an integrated approach to Agri sciences business, announced its financial results for the quarter and nine-months ended December 31, 2018.

Financial and Operational Commentary for the quarter and nine-months ended December 31, 2018.

Net Revenue

Q3 revenue grew by 32% YoY mainly contributed by ~40% YoY growth in exports on account of ramp up in demand of existing products. Domestic revenue grew by 9% YoY despite soft demand in the current quarter on account of poor pattern of rainfall in rabi and low agri produce prices.

Nine Month revenue showed gains of 23% YoY contributed by ~20% YoY increase in domestic and 25% YoY growth in exports.


EBITDA during Q3 came in at Rs. 149 crore, higher by 42% YoY, with margins at 21%, contributed by better product mix and improved realization and operating leverage benefit.

Nine Month EBITDA was at Rs. 401 crore, showing growth of 12% YoY. Margins stood at 20%.

Post-tax Earnings

Q3 PAT came in at Rs. 107 crore, improving 33% YoY. The EPS stood at Rs. 7.76 per share. Nine Month PAT stood at 283 crore and EPS of Rs.20.52 per share.

Strong Balance Sheet

With a Net Debt to Equity position of almost Zero, sustained build up in performance has resulted in consistent accretion of reserves. Cash surplus was at Rs. 204 crore as on December 31, 2018.

Commenting on the performance, Mr. Mayank Singhal - Managing Director & CEO, PI Industries Limited, said: "PI continues to make healthy progress backed by demand upsurge in exports and excellent product portfolio in both for domestic and export markets.

There is substantial scale up in our exports over the last couple of quarters in line with overall improvement in global sentiment. The order pipeline is rich and we are working with our innovator partners to introduce novel molecules globally.

The domestic business has seen headwinds in this quarter from erratic rainfall in key agrarian states and poor price realization in the key crops. This has impacted demand and industry is seeing higher than average inventory levels but with a range of differentiated offering, PI has reported commendable results.

Our next phase of growth will be driven by our continued investments in new plants towards leading technologies and processes.

We have recently commissioned a new multi product plant and construction of two more plants have commenced."

Shares of PI Industries Ltd was last trading in BSE at Rs.835 as compared to the previous close of Rs. 841.95. The total number of shares traded during the day was 1140 in over 147 trades.

The stock hit an intraday high of Rs. 845.2 and intraday low of 829.6. The net turnover during the day was Rs. 955423.

Source: Equity Bulls

Click here to send ur comments or to

Other Headlines:

Ajmera Realty and Infra India Ltd awarded Developer of the Year - Residential category award

CARE reaffirms ratings of Chaman Lal Setia Exports Ltd

Hon'ble NCLAT upholds the Resolution Plan of MBL Infra

Avana's Water Conservation Solution Becomes Best CSR Idea Of The Year

Coffee Day Enterprises Ltd update On Debt Position

Mahindra inaugurates its 1st automotive assembly plant in Sri Lanka, expands global footprint

TVS Motor Singapore invests US$ 3.2 Million in Predictronics Corporation

NACL Industries Ltd reports financial results for Q1 FY20

Precision Camshafts Limited - Q1 FY2020 results

SREI Equipment Finance Ltd's NCD issue opens on Aug 16, 2019

Transform Banking with Newgen at FIBAC 2019

Hero MotoCorp surpasses milestone of 1000 women employees

Sun Pharma and China Medical System Holdings Enter into Licensing Agreement for Generic Products in Mainland China

IFIN & RCFL initiate proceedings against SKIL Infrastructure Ltd

Kridhan Infra Limited - VNC wins new orders worth INR 145 Crores

Ram Ratna Wires Ltd fixes Aug 30, 2019 as record date for dividend

Himatsingka Seide Ltd clarifies on certain media reports

Master Trust Ltd fixes Aug 27, 2019 as record date for sub-division of equity shares

Advik Laboratories Ltd Board to consider sale of manufacturing unit

CARE downgrades ratings of Walchandnagar Industries Ltd

Super Crop Safe Limited announces Financial Results for Q1FY20

Info Edge India Ltd to invest in Shopkirana

Hinduja Ventures Ltd board to consider reorganizaiton of businesses on Aug 23, 2019

Voltas launches new Brand Shop at Gajuwaka, Visakhapatnam

CRISIL downgrades ratings of DCM Ltd

Lupin receives U.S. FDA approval for Hydrocortisone Valerate Cream

Birlasoft Wins Two Oracle Excellence Awards for 2019

TCS Interactive Wins 2019 Red Dot: Best of the Best Award in Brands and Communication Design

Blue Star Ltd - Financial Highlights for Q1 FYF20

Hindustan Foods Ltd - Q1-FY20 Performance Highlights

Omaxe Ltd Consolidated PAT for Q1 FY19-20 at Rs 14.91 cr

QGO Finance Ltd board to consider NCD issue on Aug 21, 2019

Mindteck reports financial results for Q1 2019-20

Ramkrishna Forgings Ltd's resolution plan for ACIL Ltd accepted

KNR Constructions Ltd to sell stake in SPV for Rs. 95.79 crores

Panacea Biotec announces Q1 FY20 results

IOB offers Retail Loans through the online portal PSB Loans in 59

Travel Money with YES BANK to launch Forex Card on Visa network

Mishtann Foods reports 22.1% increase in Q1FY2020 PAT at INR 3.14 crore

India Ratings assigns 'Ind AA- / Negative' For Indian Overseas Bank Bonds

YES BANK raises Rs. 1,930 crores through Qualified Institutions Placement route

Hero MotoCorp Ltd updates on closure of production facilities

Voltas Beko launches India's first 5 Star rated Washing Machines

Titagarh Wagons Ltd consortium bags order for Pune Metro Rail project

PVR launches sub-brand PVR UTSAV in Satna

Brigade Enterprises Ltd fixes Aug 29, 2019 as record date for bonus issue

India Infoline Finance announces consolidated PAT of Rs. 181 crore

West Coast Paper Mills Limited : Q1FY20 Results

Dynacons Systems & Solutions Ltd Board approves interim dividend of Rs. 0.50

Man Industries India Limited reports Q1FY20 Financial Results

Website Created & Maintained by : Chennai Scripts
West Mambalam, Chennai - 600 033,
Tamil Nadu, India

disclaimer copyright © 2005 - 2019