A prominent leader in the agro-chemicals space, PI Industries Ltd has a strong presence in both Domestic and Export markets. The company boasts of state-of-the-art facilities in Gujarat where it has integrated process development teams alongside in-house engineering capabilities.
Financial Results:
PI Industries Ltd.’s revenue in Q3FY23 rose 19% to ₹ 16,132 million. Consolidated Profit After Tax came at ₹ 3,518 millions in Q3FY23 showcasing a 58% rise on an YoY basis. In this quarter’s results, the reports suggested that the firm has continued to deliver consistent performance in all key operational and financial indicators in Q3Y23.
Despite higher depreciation, the EBITDA growth of the company supported its rise in net profit. During the quarter that ended December 2022, the EBITDA grew by 40% YoY to stand at INR 415.6 crore.