Shares of PI Industries climb on reporting 58% rise in Q3 consolidated net profit

Trending Company

by 5paisa Research Team Last Updated: Feb 15, 2023 - 06:07 pm 1.1k Views
Listen icon

Shares of the company have jumped more than 18 per cent in the last one year.

Positive Q3 numbers

PI Industries has reported results for the third quarter that ended December 31, 2022 (Q3FY23). On a consolidated basis, the company has reported a rise of 58.04% in its net profit at Rs 351.80 crore for Q3FY23 as compared to Rs 222.60 crore for the same quarter in the previous year. The total income of the company increased by 20.34% to Rs 1663.40 crore for the quarter under review as compared to Rs 1382.30 crore for the same quarter in the previous year.

About the company 

PI Industries Ltd is a leading player in the agro-chemicals space having a strong presence in both Domestic and Export markets. PI Industries focuses on complex chemistry solutions in agri and pharma sciences. With the strength of employees, PI Industries currently operates a strong infrastructure set-up consisting of many formulation facilities as well as various multi-product plants under its manufacturing locations. These state-of-the-art facilities have integrated process development teams with in-house engineering capabilities. The Company maintains a strong research presence through its R&D facility at Udaipur.

Share price movement of PI Industries Ltd

Today, the stock opened at Rs 3135.95, with a high and low of Rs 3255.10 and Rs 3067.40. The stock closed trading at Rs 3114.25, up by 2.62%.

In the last 6 months, the shares of the company have given -6% returns and on a YTD basis, the stock has given about -7% returns.

The stock has a 52-week high of Rs 3698.50 and a 52-week low of Rs 2352.95. The company has a ROCE of 23.1% and an ROE of 14.7% with a market capitalisation of Rs 47,250 crore.

Share Market Today


How do you rate this article?

Start Investing in 5 mins*

Rs. 20 Flat Per Order | 0% Brokerage

378X91-D3

About the Author

Our research team is composed of some highly qualified research professionals, their expertise range across sectors.

Disclaimer

Investment/Trading in securities Market is subject to market risk, past performance is not a guarantee of future performance. The risk of loss in trading and investment in Securities markets including Equites and Derivatives can be substantial.
Enjoy 0%* Brokerage with 5paisa
Resend OTP
Please Enter OTP
Mobile No. belongs to

By proceeding, you agree to the T&C.

Latest News
Teerth Gopicon IPO Debut with 12.6% Premium Opening at ₹125, Setting a Positive Tone

Teerth Gopicon IPO were floated for ₹125 on the NSE SME platform on April 16, representing a 12.6% premium over the issue price of ₹111.Gains were broadly consistent with the gray market, where the share was trading at ₹127 before of the IPO. The term "grey market" refers to unofficial, over-the-counter trading in securities before they are listed on exchanges.

Jefferies' Prediction for Bharati Hexacom: 'Double Your Money in a Year'

Jefferies is bullish on Bharti Hexacom, a Bharti Airtel group company, citing its strong growth prospects and healthy margin expansion.

Jio Financial Services Up 5% After BlackRock Joint Venture Announcement

Jio Financial Services Ltd witnessed a sharp rise in today's trading session following its announcement of a collaboration with BlackRock, a non-banking financial company (NBFC). The stock surged by 4.90 percent, reaching a day high of ₹371.75.