{"id":136035,"date":"2022-11-09T02:48:34","date_gmt":"2022-11-09T07:48:34","guid":{"rendered":"https:\/\/44.250.171.167\/?p=136035"},"modified":"2022-11-09T02:48:35","modified_gmt":"2022-11-09T07:48:35","slug":"pi-industries-q2fy23-net-profit-rises-46-surplus-cash-at-inr-2321-crore","status":"publish","type":"post","link":"https:\/\/alphastreet.com\/india\/pi-industries-q2fy23-net-profit-rises-46-surplus-cash-at-inr-2321-crore\/","title":{"rendered":"PI industries Q2FY23 net profit rises 46%; Surplus cash at INR 2,321 crore"},"content":{"rendered":"\n<p>PI Industries shares rose 7.25% to INR 3536.45 after the company reported 46% jump in consolidated net profit to INR 334.8 crore on a 31% rise in revenue to INR 1,770 crore in Q2 FY23 on year-on-year basis.<\/p>\n\n\n\n<p>The company recorded 29% growth in exports on a higher base, led by volume growth of approximately 25%, favorable price and currency of approximately 4%. Domestic business registered 36% YoY growth, mainly driven by volume growth of approximately 31% and price increase of approximately 5%. &#8220;Newly launched brands contributed to significant revenue growth, the company said.<\/p>\n\n\n\n<p>Overheads increased by 16% to INR 368.4 crore in Q2 FY23 from INR 317.9 crore in Q2 FY22. Gross margin in the second quarter remained stable at 45%. The company further added that the trend of rising input costs and passthrough continued both in exports and domestic businesses during Q2 FY23. <\/p>\n\n\n\n<p>The company&#8217;s total capex for H1 FY23 was INR 120.4 crore as against INR 161.4 crore in H1 FY22. It maintained higher inventory levels of INR 1,609.5 crore in order to avert supply chain disruptions and meet customer supply schedules \/ continued operations. Trade working capital in terms of &#8216;days of sales&#8217; was 111 days in H1 FY23 as compared with 103 days as on 31 March 2022. Net cashflow from operating activities was INR 307.8 crore as against INR 182.2 crore in H1 FY22. Surplus cash net of debt is INR 2,321.1 crore.<\/p>\n\n\n\n<figure class=\"wp-block-image size-large\"><img loading=\"lazy\" decoding=\"async\" width=\"841\" height=\"1024\" src=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/ff972e69-8c45-48c0-802c-aa12872af750-841x1024.png\" alt=\"\" class=\"wp-image-136029\" srcset=\"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/ff972e69-8c45-48c0-802c-aa12872af750-841x1024.png 841w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/ff972e69-8c45-48c0-802c-aa12872af750-246x300.png 246w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/ff972e69-8c45-48c0-802c-aa12872af750-768x935.png 768w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/ff972e69-8c45-48c0-802c-aa12872af750-1261x1536.png 1261w, https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2022\/11\/ff972e69-8c45-48c0-802c-aa12872af750-1681x2048.png 1681w\" sizes=\"auto, (max-width: 841px) 100vw, 841px\" \/><\/figure>\n","protected":false},"excerpt":{"rendered":"<p>PI Industries shares rose 7.25% to INR 3536.45 after the company reported 46% jump in consolidated net profit to INR 334.8 crore on a 31% rise in revenue to INR 1,770 crore in Q2 FY23 on year-on-year basis. The company recorded 29% growth in exports on a higher base, led by volume growth of approximately [&hellip;]<\/p>\n","protected":false},"author":1863,"featured_media":49407,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"jetpack_post_was_ever_published":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[9931,105,392],"tags":[9932,10602,10600],"class_list":["post-136035","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agricultural-products","category-infographics","category-earnings","tag-agricultural-products","tag-herbicides","tag-insecticides"],"jetpack_publicize_connections":[],"jetpack_featured_media_url":"https:\/\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg","jetpack_likes_enabled":false,"jetpack-related-posts":[{"id":136387,"url":"https:\/\/alphastreet.com\/india\/muthoot-finance-q2fy23-results-out-net-profit-slumps-by-11\/","url_meta":{"origin":136035,"position":0},"title":"Muthoot Finance Q2FY23 results out: Net profit slumps by 11%","author":"Chirag Gupta","date":"November 10, 2022","format":false,"excerpt":"Muthoot Finance reported a net profit of INR 892 crore for the quarter ending September 30, 2022 (Q2FY23) period compared to a profit of INR 990 crore a year same quarter -- registering a decline of 11%. However, sequentially, the Q2 PAT climbed by 8.13% from INR 802 crore in\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":143276,"url":"https:\/\/alphastreet.com\/india\/phoenix-mills-q3fy23-net-profit-rises-by-85-percent\/","url_meta":{"origin":136035,"position":1},"title":"Phoenix Mills Q3FY23 net profit rises by 85 percent","author":"Chirag Gupta","date":"March 15, 2023","format":false,"excerpt":"The Phoenix Mills has reported a growth of 85 per cent in its consolidated net profit during the quarter ended December 31, 2022. Its profit after tax (PAT) stood at INR 211 crore in Q3 FY23 as against INR 114 crore it registered in the corresponding quarter of the previous\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/03\/bbed32ae-9fd4-4549-9973-5d06bbb02d9a.png?resize=1400%2C800&ssl=1 4x"},"classes":[]},{"id":142585,"url":"https:\/\/alphastreet.com\/india\/uti-amc-q3fy23-net-profit-drops-by-53-per-cent\/","url_meta":{"origin":136035,"position":2},"title":"UTI AMC Q3FY23 net profit drops by 53 per cent","author":"Chirag Gupta","date":"February 23, 2023","format":false,"excerpt":"UTI Asset Management Company fell 1.65% to INR 730.15 after the asset manager reported 53% drop in consolidated net profit to INR 60 crore in Q3 FY23 from INR 127 crore in Q3 FY22. Total revenue from operations fell by 5% YoY to INR 295 crore during the quarter. Total\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":141349,"url":"https:\/\/alphastreet.com\/india\/vinati-organics-q3fy23-net-profit-soars-by-51\/","url_meta":{"origin":136035,"position":3},"title":"Vinati organics Q3FY23 net profit soars by 51%","author":"Chirag Gupta","date":"February 13, 2023","format":false,"excerpt":"Vinati Organics rose 1.55% to INR 1,895 after the company's consolidated net profit surged 50.68% to INR 125.41 crore in Q3 FY23 as against INR 83.23 crore posted in Q3 FY22. Revenue from operations stood at INR 508.66 crore in the quarter ended 31 December 2022 from INR 368.95 crore\u2026","rel":"","context":"In &quot;Earnings&quot;","block_context":{"text":"Earnings","link":"https:\/\/alphastreet.com\/india\/category\/earnings\/"},"img":{"alt_text":"earnings preview","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2019\/04\/Earnings-preview-1.jpg?resize=1050%2C600&ssl=1 3x"},"classes":[]},{"id":136925,"url":"https:\/\/alphastreet.com\/india\/care-ratings-q2fy23-results-out-net-profit-up-by-30\/","url_meta":{"origin":136035,"position":4},"title":"CARE Ratings Q2FY23 results out: Net profit up by 30%","author":"Chirag Gupta","date":"November 8, 2022","format":false,"excerpt":"CARE Ratings reported an increased standalone net profit by 29% to INR 38.47 crore in Q2FY23 from INR 29.76 crore in Q2FY22. The ratings agency's standalone income from operations was up by 12% to INR 77.49 crore in Q2FY23, compared with INR 69.30 crore in the corresponding quarter of the\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"trending stocks high volatility","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2020\/02\/Trending-stocks.jpg?resize=525%2C300&ssl=1 1.5x"},"classes":[]},{"id":139061,"url":"https:\/\/alphastreet.com\/india\/syngene-reported-a-5-rise-in-its-net-profit-for-q3fy23\/","url_meta":{"origin":136035,"position":5},"title":"Syngene reported a 5% rise in its net profit for Q3FY23","author":"Chirag Gupta","date":"January 24, 2023","format":false,"excerpt":"Syngene International reported a 5.5% rise in consolidated net profit to INR 109.70 crore in Q3 FY23 as against INR104 crore posted in Q3 FY22. Revenue from operations jumped 22.5% to INR 785.90 crore in the quarter ended 31 December 2022 as compared to INR 641.40 crore recorded in Q3\u2026","rel":"","context":"In &quot;AlphaGraphs&quot;","block_context":{"text":"AlphaGraphs","link":"https:\/\/alphastreet.com\/india\/category\/infographics\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=700%2C400&ssl=1 2x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=1050%2C600&ssl=1 3x, https:\/\/i0.wp.com\/alphastreet.com\/india\/wp-content\/uploads\/2023\/01\/ecdf316b-951d-48b1-9dc5-4071d6dc1af6.png?resize=1400%2C800&ssl=1 4x"},"classes":[]}],"jetpack_sharing_enabled":true,"_links":{"self":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136035","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/users\/1863"}],"replies":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/comments?post=136035"}],"version-history":[{"count":0,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/posts\/136035\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media\/49407"}],"wp:attachment":[{"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/media?parent=136035"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/categories?post=136035"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/alphastreet.com\/india\/wp-json\/wp\/v2\/tags?post=136035"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}