PI INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 23.4%

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PI INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 23.4%
Mon, 29 Jul

PI INDUSTRIES has announced its results for the quarter ended June 2019. Here is a detailed performance review of the same:

PI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Jun-18*
3
Mar-19*
3
Jun-19*
QoQ ChangeYoY Change
Net SalesRs m6,0568,0487,541-6.3%24.5%
Other incomeRs m102222123-44.6%20.6%
TurnoverRs m6,1588,2707,664-7.3%24.5%
ExpensesRs m4,8756,3296,027-4.8%23.6%
Gross profitRs m1,1811,7191,514-11.9%28.2%
DepreciationRs m22024429420.5%33.6%
InterestRs m171326100.0%52.9%
Profit before taxRs m1,0461,6841,317-21.8%25.9%
TaxRs m229440309-29.8%34.9%
Profit after taxRs m8171,2441,008-19.0%23.4%
Gross profit margin%19.521.420.1
Effective tax rate%21.926.123.5
Net profit margin%13.315.013.2
* 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 24.5% on a year-on-year (YoY) basis. The expenses were up by 23.6% YoY during the same period.
  • The company's operating profit increased by 28.2% YoY during the quarter. Consequently, operating profit margins remained same and stood at 20.1% in 1QFY20.
  • Depreciation charges increased by 33.6% and finance costs increased by 52.9% YoY, respectively.
  • Other income increased by 20.6% YoY during the quarter.
  • Net profit for the quarter increased by 23.4% YoY. Net profit margins during the quarter declined from 13.3% in 1QFY19 to 13.2% in 1QFY20.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter fell 6.3% on a quarter-on-quarter (QoQ) basis. The expenses were down by 4.8% QoQ during the same period.
  • The company's operating profit declined by 11.9% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 20.1% in 1QFY20 as against 21.4% in 4QFY19.
  • Net profit for the quarter declined by 19.0% QoQ, while net profit margins declined from 15.0% in 4QFY19 to 13.2% in 1QFY20.

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 808.6 to Rs 1,100.0, registering a Gain of Rs 291.4 or around 36.0%.

Overall, the S&P BSE SENSEX is up 1.7% over the year.

Current Valuations

At the current price of Rs 1,100.0, the price to earnings (P/E) ratio of PI INDUSTRIES stands at 35.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.8 times.

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