PI Industries Q1FY24 Results: Consolidated PAT of Rs. 382.9 Cr

PI Industries Q1FY24 Results: Consolidated PAT of Rs. 382.9 Cr

PI Industries Q1 results show revenue up from 1615.1 crores to 1957.3 crores, a 21.19% increase in growth. EPS rise from ₹18.50 to ₹25.24, up by 36.43%.

First, Let’s Begin with Quarter-on-Quarter Basis:

PI Industries shared its Q1 results on Wednesday. They earned 1957.3 crores in revenue this quarter, but that’s more than the 1615.1 crores they made last quarter. The company’s growth increased by 21.19 percent when comparing the two quarters.

In terms of profits, the company’s PAT (Profit After Tax) for this quarter was 382.9 crores, up from 280.6 crores in the previous quarter. Their quarter-to-quarter growth increased by 36.46 percent.

The company’s EPS (Earnings Per Share) this quarter is ₹25.24, which is an increase of 36.43% from the ₹18.50 EPS in the previous quarter.

Now, Let’s Analyze the Results on a Year-over-Year Basis:

The company made a total revenue of 1957.3 crores this year (2023), which is 24.88 percent higher than last year’s total revenue of 1567.3 crores.

This year’s PAT (Profit After Tax) is 382.9 crores, which is also 45.92% higher than last year’s PAT of 262.4 crores.

The EPS (Earnings Per Share) for this year is ₹25.24, which is 45.98% more than the EPS of ₹17.29 earned last year.

Also Read: Hawkins Q1FY24 Results: Consolidated PAT Down to Rs. 20.80 Cr

PI Industries Share Dividend Announcement / Record Date:

The record date for the dividend has not arrived yet.

About PI Industries:

PI Industries Limited produces agricultural chemicals, fine chemicals, and polymers. The company manufactures fine chemicals, crop protection solutions, plant nutrients, seeds, and engineering plastics that find applications in industries such as automotive, electrical, and home appliances.

Download the Full PDF of PI Industries Q1 Results: Click Here

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