Agro-chemicals manufacturer PI Industries Ltd has released its Q1 financial results. Here are the key highlights from their announcement:
- Net Profit: PI Industries reported a 46.2% year-on-year (YoY) increase in net profit for the first quarter that ended on June 30, 2023. The net profit stood at Rs 382.9 crore, up from Rs 262 crore in the corresponding quarter last year.
- Total Revenue: The Company’s total revenue for the quarter was Rs 1,910.4 crore, showing a 23.8% increase compared to Rs 1,543 crore in the same period of the preceding fiscal year.
- EBITDA: At the operating level, EBITDA (earnings before interest, tax, depreciation, and amortization) jumped 35.4% to Rs 467.8 crore in the first quarter of the fiscal year, compared to Rs 346 crore in the corresponding period of the previous fiscal.
- EBITDA Margin: The EBITDA margin for the reporting quarter was 24.65%, an increase from 22.4% in the same period of the previous fiscal.
- Market Performance: Shares of PI Industries Ltd ended at Rs 3,875.50, up by Rs 28.55, or 0.74%, on the BSE.
- Valuation: The stock traded at a price-to-earnings (P/E) multiple of 47.32 and a price-to-book (P/B) ratio of 6.39. A higher P/E ratio suggests that investors are willing to pay a higher price for each rupee of earnings due to better growth expectations. The P/B value reflects the price investors are willing to pay, even if there is no growth in the business.
PI Industries’ Q1 performance reflects a significant jump in net profit and total revenue, driven by strong growth in the agro-chemicals sector. The company’s higher EBITDA and improved EBITDA margin indicate improved operational efficiency.
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