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