PI Industries has surged over 14% to Rs 190, also its record high on BSE, after reporting more than double net profit at Rs 55.29 crore for the second quarter ended September 30, 2013 (Q2) on back of strong operational income. The agrochemicals company had profit of Rs 25.83 crore for the corresponding period previous fiscal.
The company’s total income from operations grew by 55% at Rs 463 crore for the quarter under consideration as against Rs 298 crore for the same period year ago.
Meanwhile, the company has posted net profit of Rs 104 crore in first six months of current fiscal against Rs 49 crore during the same period last fiscal. This has resulted in the company surpassing last year's full year profit of Rs 96 crore in just the first six months of the current fiscal.
The stock opened at Rs 171 and has seen a combined around 100,000 shares changing hands on the counter in early morning deals on BSE and NSE.
The company’s total income from operations grew by 55% at Rs 463 crore for the quarter under consideration as against Rs 298 crore for the same period year ago.
Meanwhile, the company has posted net profit of Rs 104 crore in first six months of current fiscal against Rs 49 crore during the same period last fiscal. This has resulted in the company surpassing last year's full year profit of Rs 96 crore in just the first six months of the current fiscal.
The stock opened at Rs 171 and has seen a combined around 100,000 shares changing hands on the counter in early morning deals on BSE and NSE.
