PI INDUSTRIES Announces Quarterly Results (3QFY21); Net Profit Up 62.5%

Helping You Build Wealth With Honest Research
Since 1996. Try Now

  • MyStocks

MEMBER'S LOGINX

     
Login Failure
   
     
   
     
 
 
 
(Please do not use this option on a public machine)
 
     
 
 
 
  Sign Up | Forgot Password?  

PI INDUSTRIES Announces Quarterly Results (3QFY21); Net Profit Up 62.5%
Fri, 5 Feb

PI INDUSTRIES has announced its results for the quarter ended December 2020. Here is a detailed performance review of the same:

PI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Dec-19*
3
Sep-20*
3
Dec-20*
QoQ ChangeYoY Change
Net SalesRs m8,49810,70611,1434.1%31.1%
Other incomeRs m19731438923.9%97.5%
TurnoverRs m8,69511,02011,5324.6%32.6%
ExpensesRs m6,6428,0368,4294.9%26.9%
Gross profitRs m1,8562,6702,7141.6%46.2%
DepreciationRs m3184034050.5%27.4%
InterestRs m457865-16.7%44.4%
Profit before taxRs m1,6902,5032,6335.2%55.8%
TaxRs m48641167664.5%39.1%
Profit after taxRs m1,2042,0921,957-6.5%62.5%
Gross profit margin%21.824.924.4
Effective tax rate%28.816.425.7
Net profit margin%13.819.017.0
* 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 31.1% on a year-on-year (YoY) basis. The expenses were up by 26.9% YoY during the same period.
  • The company's operating profit increased by 46.2% YoY during the quarter. Consequently, operating profit margins witnessed a growth and stood at 24.4% in 3QFY21 as against 21.8% in 3QFY20.
  • Depreciation charges increased by 27.4% and finance costs increased by 44.4% YoY, respectively.
  • Other income increased by 97.5% YoY during the quarter.
  • Net profit for the quarter increased by 62.5% YoY. Net profit margins during the quarter increased from 13.8% in 3QFY20 to 17.0% in 3QFY21.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 4.1% on a quarter-on-quarter (QoQ) basis. The expenses were up by 4.9% QoQ during the same period.
  • The company's operating profit increased by 1.6% QoQ during the quarter. Consequently, operating profit margins witnessed a decline and stood at 24.4% in 3QFY21 as against 24.9% in 2QFY20.
  • Net profit for the quarter declined by 6.5% QoQ, while net profit margins declined from 19.0% in 2QFY20 to 17.0% in 3QFY21.

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

Revealing at 5pm Today: The Great Indian Wealth Project

PI INDUSTRIES Share Price Performance

Over the last one year, PI INDUSTRIES share price has moved up from Rs 1,531.0 to Rs 2,240.0, registering a Gain of Rs 709.0 or around 46.3%.

Overall, the S&P BSE SENSEX is up 27.3% over the year.

Current Valuations

At the current price of Rs 2,240.0, the price to earnings (P/E) ratio of PI INDUSTRIES stands at 48.2 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 13.4 times.

Equitymaster requests your view! Post a comment on "PI INDUSTRIES Announces Quarterly Results (3QFY21); Net Profit Up 62.5%". Click here!

  

Related Views on News

PI INDUSTRIES Announces Quarterly Results (2QFY21); Net Profit Up 70.4% (Quarterly Result Update)

Oct 30, 2020 | Updated on Oct 30, 2020

For the quarter ended September 2020, PI INDUSTRIES has posted a net profit of Rs 2 bn (up 70.4% YoY). Sales on the other hand came in at Rs 11 bn (up 18.0% YoY). Read on for a complete analysis of PI INDUSTRIES's quarterly results.

PI INDUSTRIES Announces Quarterly Results (1QFY21); Net Profit Up 30.9% (Quarterly Result Update)

Aug 20, 2020 | Updated on Aug 20, 2020

For the quarter ended June 2020, PI INDUSTRIES has posted a net profit of Rs 1 bn (up 30.9% YoY). Sales on the other hand came in at Rs 10 bn (up 28.4% YoY). Read on for a complete analysis of PI INDUSTRIES's quarterly results.

PI INDUSTRIES 2018-19 Annual Report Analysis (Annual Result Update)

Aug 19, 2019 | Updated on Aug 19, 2019

Here's an analysis of the annual report of PI INDUSTRIES for 2018-19. It includes a full income statement, balance sheet and cash flow analysis of PI INDUSTRIES. Also includes updates on the valuation of PI INDUSTRIES.

More Views on News

Most Popular

Is Intraday Trading For You?(Fast Profits Daily)

May 13, 2021

Do you think you have what it takes to be an intraday trader? Find out in this video.

My Secret to Find Breakthrough Stocks(Fast Profits Daily)

May 7, 2021

I've used this trading technique for many years with great success. I'm sharing it with you today.

Are the Stock Markets Deaf to Covid Agony?(Profit Hunter)

May 6, 2021

Why are markets discounting the economic impact of Covid?

The Key to Profit from India's EV Revolution(Profit Hunter)

May 7, 2021

Stocks you must consider investing in before buying your first electric vehicle.

More

India's #1 Trader
Reveals His Secrets

Secret To Increasing Your Trading Profits Today
Get this Special Report,
The Secret to Increasing Your Trading Profits Today, Now!
We will never sell or rent your email id.
Please read our Terms

PI INDUSTRIES SHARE PRICE


May 14, 2021 (Close)

TRACK PI INDUSTRIES

  • Track your investment in PI INDUSTRIES with Equitymaster's Portfolio Tracker. Set live price alerts, get research alerts and more. Get access now...
  • Add To MyStocks

PI INDUSTRIES - KANORIA CHEMICALS COMPARISON

COMPARE PI INDUSTRIES WITH

MARKET STATS