InvestorQ : How did you see the latest quarter results of PI Industries?
Katherine Gonsalves made post

How did you see the latest quarter results of PI Industries?

Answer
image
rhea Babu answered.
2 months ago
Follow

One of India’s leading agrochemicals business, PI Industries Ltd, had a good performance overall under rather stressful conditions. PI Industries reported 16.6% higher sales for Q4FY22 at Rs1,395 crore. FY22 revenues were up 15.8% at Rs5,300 crore. PI Industries maintained consistent top line growth on strong demand domestically and abroad. Net cash from operations was lower by -27% at Rs529 crore in FY22 on account of a sharp spike in the trade inventories and receivables, signal of working capital stress in the company.

PI Industries

Rs in Crore

Mar-22

Mar-21

YOY

Dec-21

QOQ

Total Income (Rs cr)

₹ 1,395.20

₹ 1,197.10

16.55%

₹ 1,356.30

2.87%

Net Profit (Rs cr)

₹ 204.40

₹ 179.80

13.68%

₹ 222.60

-8.18%

Diluted EPS (Rs)

₹ 13.48

₹ 11.95

₹ 14.67

Net Margins

14.65%

15.02%

16.41%

For a company which should ideally have faced a lot of supply chain constraints, PI Industries reported rather healthy net profit growth of 13.68% at Rs204.40 crore for Q4FY22. To a large extent, this was achieved by controlling material costs and relying largely on the dividends of inventory efficiency gains. For Q4FY22, the net margins were 14.65% in compared to 15.02% in Q4FY21 and 16.41% in Q3FY22. PI Industries board has announced a final dividend of Rs.3 per share taking total dividend for the year to Rs6 per share.

3 Views