PI INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 18.0%

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PI INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 18.0%
Tue, 21 May

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

PI INDUSTRIES Quarterly Financials

No. of Mths
Qtr. Ending
3
Mar-18*
3
Dec-18*
3
Mar-19*
QoQ ChangeYoY Change
Net SalesRs m6,2517,0758,04813.8%28.7%
Other incomeRs m19115222246.1%16.5%
TurnoverRs m6,4427,2278,27014.4%28.4%
ExpensesRs m4,9045,5896,32913.2%29.1%
Gross profitRs m1,3471,4861,71915.7%27.6%
DepreciationRs m2122342444.3%15.0%
InterestRs m181513-13.3%-29.3%
Profit before taxRs m1,3071,3891,68421.2%28.9%
TaxRs m25331644039.2%74.1%
Profit after taxRs m1,0541,0731,24415.9%18.0%
Gross profit margin%21.521.021.4
Effective tax rate%19.322.826.1
Net profit margin%16.414.815.0
* 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 28.7% on a year-on-year (YoY) basis. The expenses were up by 29.1% YoY during the same period.
  • The company's operating profit increased by 27.6% YoY during the quarter. Consequently, operating profit margins witnessed a decline and stood at 21.4% in 4QFY19 as against 21.5% in 4QFY18.
  • Depreciation charges increased by 15.0% and finance costs declined by 29.3% YoY, respectively.
  • Other income increased by 16.5% YoY during the quarter.
  • Net profit for the quarter increased by 18.0% YoY. Net profit margins during the quarter declined from 16.4% in 4QFY18 to 15.0% in 4QFY19.
Quarter-on-Quarter Performance:
  • The company's operating income during the quarter grew 13.8% on a quarter-on-quarter (QoQ) basis. The expenses were up by 13.2% QoQ during the same period.
  • The company's operating profit increased by 15.7% QoQ during the quarter. Consequently, operating profit margins witnessed a growth and stood at 21.4% in 4QFY19 as against 21.0% in 3QFY18.
  • Net profit for the quarter increased by 15.9% QoQ, while net profit margins increased from 14.8% in 3QFY18 to 15.0% in 4QFY19.

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 843.8 to Rs 1,119.2, registering a Gain of Rs 275.4 or around 32.6%.

Overall, the S&P BSE SENSEX is up 13.9% over the year.

Current Valuations

At the current price of Rs 1,119.2, the price to earnings (P/E) ratio of PI INDUSTRIES stands at 37.5 times its trailing twelve months earnings, while its price to book value (P/BV) ratio stands at 7.9 times.

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