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PI INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Down 18.4%

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PI INDUSTRIES Announces Quarterly Results (1QFY19); Net Profit Down 18.4%
Tue, 7 Aug

PI INDUSTRIES has announced its results for the quarter ended June 2018. Here is a detailed performance review of the same:

PI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-17*
3
Mar-18*
3
Jun-18*
QoQ ChangeYoY Change
Net SalesRs m5,8486,2516,056-3.1%3.6%
Other incomeRs m126191102-46.5%-18.9%
TurnoverRs m5,9746,4426,158-4.4%3.1%
ExpensesRs m4,5444,9044,875-0.6%7.3%
Gross profitRs m1,3041,3471,181-12.3%-9.5%
DepreciationRs m1972122203.7%11.7%
InterestRs m141817-7.6%22.3%
Profit before taxRs m1,2191,3071,046-20.0%-14.2%
TaxRs m218253229-9.4%5.2%
Profit after taxRs m1,0011,054817-22.5%-18.4%
Gross profit margin%22.321.519.5
Effective tax rate%17.919.321.9
Net profit margin%16.816.413.3
* Results Consolidated
Interim results exclude extraordinary / exceptional items
Source: Company Reports, Regulatory Filings, Equitymaster


Year-on-Year Performance:
  • The company's operating income during the quarter grew 3.6% on a year-on-year (YoY) basis. The expenses were up by 7.3% YoY during the same period.
  • The company's operating profit declined by 9.5% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.5% in 1QFY19 as against 22.3% in 1QFY18.
  • Depreciation charges and finance costs increased by 11.7% YoY and 22.3% YoY, respectively.
  • Other income declined by 18.9% YoY during the quarter.
  • Net profit for the quarter declined by 18.4% YoY. Net profit margins during the quarter declined from 16.8% in 1QFY18 to 13.3% in 1QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 3.1% on a quarter-on-quarter (QoQ) basis. The expenses were down by 0.6% QoQ during the same period.
  • The company's operating profit declined by 12.3% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 19.5% in 1QFY19 as against 21.5% in 4QFY18.
  • Net profit for the quarter declined by 22.5% QoQ, while net profit margins declined from 16.4% in 4QFY18 to 13.3% in 1QFY19.

To see how PI INDUSTRIES has performed over the last eight quarters, please visit here.

PI INDUSTRIES Share Price Performance

Over the last one year, PI INDUSTRIES share price has moved up from Rs 750.0 to Rs 768.4, registering a Gain of Rs 18.5 or around 2.5%.

Overall, the S&P BSE SENSEX is up 0.0% over the year.

Current Valuations

At the current price of Rs 768.4, the price to earnings (P/E) ratio of PI INDUSTRIES stands at 30.1 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 5.5 times.

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PI INDUSTRIES Announces Quarterly Results (2QFY19); Net Profit Up 17.5% (Quarterly Result Update)

Nov 9, 2018 | Updated on Nov 9, 2018

For the quarter ended September 2018, PI INDUSTRIES has posted a net profit of Rs 944 m (up 17.5% YoY). Sales on the other hand came in at Rs 7 bn (up 28.9% YoY). Read on for a complete analysis of PI INDUSTRIES's quarterly results.

PI INDUSTRIES Announces Quarterly Results (4QFY18); Net Profit Down 15.4% (Quarterly Result Update)

Jul 20, 2018 | Updated on Jul 20, 2018

For the quarter ended March 2018, PI INDUSTRIES has posted a net profit of Rs 1 bn (down 15.4% YoY). Sales on the other hand came in at Rs 6 bn (down 0.3% YoY). Read on for a complete analysis of PI INDUSTRIES's quarterly results.

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