 "PI Industries surges on good Q4 results")
PI Industries has surged 7% to Rs 640 on the BSE after the company reported a strong 58% year-on-year (YoY) growth in net profit at Rs 95 crore for the quarter ended March 2016 (Q4FY16).
Revenues grew 8.9% at Rs 585 crore on YoY basis. Earnings before interest, taxes, depreciation and amortization (EBITDA) margins improved 56 basis points to 18.30% from 17.74%.
Analyst on an average expected profit of Rs 73 crore on revenues of Rs 588 crore.
Revenues grew 8.9% at Rs 585 crore on YoY basis. Earnings before interest, taxes, depreciation and amortization (EBITDA) margins improved 56 basis points to 18.30% from 17.74%.
Analyst on an average expected profit of Rs 73 crore on revenues of Rs 588 crore.
The company is engaged in agrochemicals business said the domestic performance was driven by momentum within the portfolio of in-licensed products in light of the expected good monsoon.
The company is planning to introduce a new herbicide named, ‘Legacee’ during Kharif 2016, it added.
A combined 273,241 shares changed hands on the counter on the NSE and BSE till 10:22 am.
You’ve reached your limit of {{free_limit}} free articles this month.
Subscribe now for unlimited access.
Already subscribed? Log in
Subscribe to read the full story →*Subscribe to Business Standard digital and get complimentary access to The New York Times
Smart Quarterly
₹900
3 Months
₹300/Month
SAVE 25%
Smart Essential
₹2,700
1 Year
₹225/Month
SAVE 46%
*Complimentary New York Times access for the 2nd year will be given after 12 months
Super Saver
₹3,900
2 Years
₹162/Month
Subscribe
Renews automatically, cancel anytime
Here’s what’s included in our digital subscription plans
Exclusive premium stories online
Over 30 premium stories daily, handpicked by our editors
Complimentary Access to The New York Times
News, Games, Cooking, Audio, Wirecutter & The Athletic
Business Standard Epaper
Digital replica of our daily newspaper — with options to read, save, and share
Curated Newsletters
Insights on markets, finance, politics, tech, and more delivered to your inbox
Market Analysis & Investment Insights
In-depth market analysis & insights with access to The Smart Investor
Archives
Repository of articles and publications dating back to 1997
Ad-free Reading
Uninterrupted reading experience with no advertisements
Seamless Access Across All Devices
Access Business Standard across devices — mobile, tablet, or PC, via web or app
SAVE 25%