PI Industries rose 2.58% to Rs 1,102 at 9:45 IST on BSE after the company's consolidated net profit rose 23.6% to Rs 101.60 crore on a 24.5% surge in net sales to Rs 754.10 crore in Q1 June 2019 over Q1 June 2018.
The announcement was made after trading hours yesterday, 24 July 2019.
Meanwhile, S&P BSE Sensex was up 307.60 points or 0.81% at 38,155.25.
On BSE, 471 shares were traded in PI Industries counter, compared to a 2-week average of 8,073 shares. The share price hit an intraday high of Rs 1,115 and an intraday low of Rs 1,100. It hit a 52-week high of Rs 1,229.30 on 19 June 2019 and a 52-week low of Rs 691.80 on 1 October 2018.
The EBITDA rose 28% to Rs 151 crore in Q1 June 2019 over Q1 June 2018. The EBITDA margins stood at 20.1% in Q1 June 2019. Margin delivery was healthy in spite of pressure on domestic business and ramp-up cost in new manufacturing facilities.
With a progressive improvement in overall performance, the Company reported healthy cash flows, resulting in a stronger balance sheet. The net debt to equity ratio stood at nearly zero. Cash surplus position as on 30 June 2019 was at Rs 165 crore.
PI Industries focuses on complex chemistry solutions in agrisciences.
Powered by Capital Market - Live News
Disclaimer: No Business Standard Journalist was involved in creation of this content
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 →
Smart Quarterly
₹900
3 Months
₹300/Month
Smart Essential
₹2,700
1 Year
₹225/Month
Super Saver
₹3,900
2 Years
₹162/Month
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