PI Industries, the Udaipur-based agrochemicals maker, saw its shares rise by nearly 3% following an impressive performance in the first quarter ending June 30, 2024. As of 9:35 AM, the shares were trading 2.90% higher at ₹4,388.25.
Financial Highlights
- Net Profit: Increased by 17.2% year-on-year (YoY) to ₹448.8 crore, surpassing the predicted profit of ₹408.4 crore.
- Revenue from Operations: Rose by 8.3% to ₹2,068.9 crore compared to ₹1,910 crore in the same period last year. The expected revenue was ₹2,145 crore.
- EBITDA: Surged by 24.7% to ₹583.2 crore, beating the predicted EBITDA of ₹518 crore.
- EBITDA Margin: Improved to 28.2%, up from 24.5% in the previous fiscal. The predicted margin was 24.2%.
| Metric | Q1 FY25 | Prediction | Y-o-Y Change (%) |
|---|---|---|---|
| Net Profit | ₹448.8 crore | ₹408.4 crore | 17.2% |
| Revenue | ₹2,068.9 crore | ₹2,145 crore | 8.3% |
| EBITDA | ₹583.2 crore | ₹518 crore | 24.7% |
| EBITDA Margin | 28.2% | 24.2% | – |
PI Industries attributed its strong performance to increased operational efficiency and higher demand for its agrochemical products. The company’s ability to surpass market expectations in key financial metrics has boosted investor confidence, leading to the surge in share price.
This strong quarterly performance highlights PI Industries’ resilience and growth potential in the agrochemical sector.
