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07-Aug-2024

P I Industries

OP up 25%


'Consolidated net sales (including other operating income) of P I Industries has increased 8.30% to Rs 2068.9 crore.  Domestic revenues were subdued mainly due to delayed sowing and erratic spread of monsoon although favourable product mix and improved working capital management helped in containing the financial impact. 14% growth in Agchem Exports was mainly driven by volumes and growth of new products. New products growth was around 24% YoY. Pharma contributed lower exports revenue of Rs. 25.3 crore due to supply deferment of a few products.

Sales of Agro Chemicals segment has gone up 9.53% to Rs 2,043.90 crore (accounting for 98.78% of total sales).  Sales of Pharma segment has gone down 42.89% to Rs 25.30 crore (accounting for 1.22% of total sales). 

Profit before interest, tax and other unallocable items (PBIT) has jumped 27.14% to Rs 566.30 crore.  PBIT of Agr...



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