PI Industries rallies over 4% on double-digit growth in Q1 net profit; check details

In its quarterly results released on August 6, PI Industries reported a more than 17% year-on-year increase in net profit at ₹448.8 crore in Q1FY25 compared to ₹382.9 crore in the corresponding quarter of the preceding fiscal. The company’s net profit also increased over 21% quarter-on-quarter from ₹369.3 crore in the March quarter of FY24.

PI Industries’ revenue from operations grew more than 8% to ₹2,068.9 crore in the June quarter compared to ₹1,910.4 crore in Q1FY24. The company’s revenue from operations grew nearly 19% QoQ from ₹1,741 crore in Q4FY24.

The company’s Earnings Before Interest Taxes Depreciation and Amortisation (EBITDA) increased 24% to ₹585.3 crore in Q1FY25 from ₹472.6 crore in Q1FY24. The EBITDA margin also improved to 28% by 356 basis points in Q1FY25 against 25% in Q1FY24.

PI Industries said that its EBITDA improved mainly due to a favourable product mix and operating leverage.

PI Industries’ total capital expenditure for Q1FY25 stood at ₹152.3 crore, an increase of 23% from ₹124.1 crore in the year-ago period.

PI Industries Limited (PI) is an agri-sciences firm that caters to both the domestic and export markets. It has three manufacturing facilities in Gujarat and a Research and Development (R&D) centre in Rajasthan.

PI Industries shares were trading 3.34% higher at ₹4,405 apiece on the NSE at 12:30 pm. Shares of PI Industries gained more than 16% in the last one year and over 27% in the past six months. The stock has rallied 17% in the past one month.