MEMBER'S LOGINX
| Login Failure | ||||||||
|
||||||||
| Sign Up | Forgot Password? | ||||||||
- Home
- Research It
- PI INDUSTRIES
- PI INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 18.0%
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 Change | YoY Change | |
|---|---|---|---|---|---|---|
| Net Sales | Rs m | 6,251 | 7,075 | 8,048 | 13.8% | 28.7% |
| Other income | Rs m | 191 | 152 | 222 | 46.1% | 16.5% |
| Turnover | Rs m | 6,442 | 7,227 | 8,270 | 14.4% | 28.4% |
| Expenses | Rs m | 4,904 | 5,589 | 6,329 | 13.2% | 29.1% |
| Gross profit | Rs m | 1,347 | 1,486 | 1,719 | 15.7% | 27.6% |
| Depreciation | Rs m | 212 | 234 | 244 | 4.3% | 15.0% |
| Interest | Rs m | 18 | 15 | 13 | -13.3% | -29.3% |
| Profit before tax | Rs m | 1,307 | 1,389 | 1,684 | 21.2% | 28.9% |
| Tax | Rs m | 253 | 316 | 440 | 39.2% | 74.1% |
| Profit after tax | Rs m | 1,054 | 1,073 | 1,244 | 15.9% | 18.0% |
| Gross profit margin | % | 21.5 | 21.0 | 21.4 | ||
| Effective tax rate | % | 19.3 | 22.8 | 26.1 | ||
| Net profit margin | % | 16.4 | 14.8 | 15.0 |
Interim results exclude extraordinary / exceptional items
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.
|
| |
Related Views on News
PI INDUSTRIES 2018-19 Annual Report Analysis (Annual Result Update)
Aug 19, 2019 | Updated on Aug 19, 2019Here'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.
PI INDUSTRIES Announces Quarterly Results (1QFY20); Net Profit Up 23.4% (Quarterly Result Update)
Jul 29, 2019 | Updated on Jul 29, 2019For the quarter ended June 2019, PI INDUSTRIES has posted a net profit of Rs 1 bn (up 23.4% YoY). Sales on the other hand came in at Rs 8 bn (up 24.5% YoY). Read on for a complete analysis of PI INDUSTRIES's quarterly results.
PI INDUSTRIES Announces Quarterly Results (3QFY19); Net Profit Up 33.0% (Quarterly Result Update)
Feb 15, 2019 | Updated on Feb 15, 2019For the quarter ended December 2018, PI INDUSTRIES has posted a net profit of Rs 1 bn (up 33.0% YoY). Sales on the other hand came in at Rs 7 bn (up 31.6% YoY). Read on for a complete analysis of PI INDUSTRIES's quarterly results.
Galaxy Surfactants Ltd. (IPO)
Jan 27, 2018Should you subscribe to the IPO of Galaxy Surfactants Ltd?
More Views on NewsMost Popular
Buying these Eight Stocks is Like Owning Your Own Business(Profit Hunter)
Sep 5, 2019Everyone dreams of owning a business. Here is your chance.
7 Stocks to Buy in the Market Today(The 5 Minute Wrapup)
Sep 5, 2019The stock market had a four-year bull run starting September 2013. Are we seeing a similar pattern now?
Don't Buy Lakshmi Vilas Bank...Buy this Private Sector Bank with 74% Upside(The 5 Minute Wrapup)
Sep 4, 2019Lakshmi Vilas Bank is in a vicious cycle. The stock is already down 57% in 2019. Despite this, the retail investors increased their holding.
Buy these 7 Stocks if You Believe in India(The 5 Minute Wrapup)
Sep 12, 2019News headlines predict gloom and doom for India these days. You should ignore them.
A Recession Proof Stock You Can Bet On(Profit Hunter)
Sep 10, 2019Usually, the typical horizon period for my smallcap recommendations is 3 to 5 years. But if you ask me, this could be one business that you could own and pass on to future generations.
More|
| |
PI INDUSTRIES SHARE PRICE
Sep 17, 2019 (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
MORE ON PI INDUSTRIES
PI INDUSTRIES 5-YR ANALYSIS
COMPARE PI INDUSTRIES WITH
OTHER USEFUL LINKS
MARKET STATS
ABOUT EQUITYMASTER
Since 1996, Equitymaster has been the source for honest and credible opinions on investing in India. With solid research and in-depth analysis Equitymaster is dedicated towards making its readers- smarter, more confident and richer every day. Here's why hundreds of thousands of readers spread across more than 70 countries Trust Equitymaster.
FREE NEWSLETTERS
PREMIUM PRODUCTS
QUICK LINKS
APPS
FOLLOW
Copyright © Equitymaster Agora Research Private Limited.
Whitelist | Refer | Terms | Privacy | Contact | About | Sitemap
Equitymaster Agora Research Private Limited (Research Analyst) 103, Regent Chambers, Above Status Restaurant, Nariman Point, Mumbai - 400 021. India.
Telephone: +91-22-61434055. Fax: +91-22-22028550. Email: info@equitymaster.com. Website: www.equitymaster.com. CIN:U74999MH2007PTC175407
All rights reserved. Any act of copying, reproducing or distributing this newsletter whether wholly or in part, for any purpose without the permission of Equitymaster is strictly prohibited and shall be deemed to be copyright infringement.
LEGAL DISCLAIMER: Equitymaster Agora Research Private Limited (Research Analyst) bearing Registration No. INH000000537 (hereinafter referred as 'Equitymaster') is an independent equity research Company. Equitymaster is not an Investment Adviser. Information herein should be regarded as a resource only and should be used at one's own risk. This is not an offer to sell or solicitation to buy any securities and Equitymaster will not be liable for any losses incurred or investment(s) made or decisions taken/or not taken based on the information provided herein. Information contained herein does not constitute investment advice or a personal recommendation or take into account the particular investment objectives, financial situations, or needs of individual subscribers. Before acting on any recommendation, subscribers should consider whether it is suitable for their particular circumstances and, if necessary, seek an independent professional advice. This is not directed for access or use by anyone in a country, especially, USA, Canada or the European Union countries, where such use or access is unlawful or which may subject Equitymaster or its affiliates to any registration or licensing requirement. All content and information is provided on an 'As Is' basis by Equitymaster. Information herein is believed to be reliable but Equitymaster does not warrant its completeness or accuracy and expressly disclaims all warranties and conditions of any kind, whether express or implied. Equitymaster may hold shares in the company/ies discussed herein. As a condition to accessing Equitymaster content and website, you agree to our Terms and Conditions of Use, available here. The performance data quoted represents past performance and does not guarantee future results.
SEBI (Research Analysts) Regulations 2014, Registration No. INH000000537.
Equitymaster requests your view! Post a comment on "PI INDUSTRIES Announces Quarterly Results (4QFY19); Net Profit Up 18.0%". Click here!
Comments are moderated by Equitymaster, in accordance with the Terms of Use, and may not appear
on this article until they have been reviewed and deemed appropriate for posting.
In the meantime, you may want to share this article with your friends!