PI Industries announced that the Annual General Meeting (AGM) of the company will be held on 9 August 2019.

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The announcement was made after market hours yesterday, 13 June 2019.

Meanwhile, the S&P BSE Sensex was down by 195.17 points, or 0.49% to 39,546.19.

On the BSE, 8,155 shares were traded in the counter so far compared with average daily volumes of 11,000 shares in the past two weeks. The stock has hit a 52-week high of Rs 1178 in intraday trade today, 14 June 2019. The stock had hit a low of Rs 1129.65 so far during the day. It hit a 52-week low of Rs 691.80 on 1 October 2018.

PI Industries announced that the credit rating agency, CRISIL has reaffirmed the Long-Term Rating at CRISIL AA/Positive and the Short-Term Rating at CRISIL A1+ in respect of the various banking facilities availed by the company. The ratings are for the total bank loan facilities of Rs Rs 500 crore (enhanced from Rs 430 crore) availed by the company.

PI Industries had reported an 18% rise in the net profit to Rs 124.4 crore on a 28.7% rise in the net sales to Rs 804.80 crore in Q4 March 2019 over Q4 March 2018.

PI Industries is engaged in the manufacturing and distribution of agro-chemicals. The company manufactures agro-chemicals, plant nutrients and plant protection, specialty fertilizers and hybrid seeds.

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PI Industries announced that the Board of Directors of the Company at its meeting held on 17 May 2019, inter alia, have recommended the final dividend of Rs 1.5 per equity Share (i.e. 150%) , subject to the approval of the shareholders.

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Net profit of P I Industries rose 18.03% to Rs 124.40 crore in the quarter ended March 2019 as against Rs 105.40 crore during the previous quarter ended March 2018. Sales rose 28.75% to Rs 804.80 crore in the quarter ended March 2019 as against Rs 625.10 crore during the previous quarter ended March 2018.

For the full year,net profit rose 11.21% to Rs 407.70 crore in the year ended March 2019 as against Rs 366.60 crore during the previous year ended March 2018. Sales rose 24.76% to Rs 2840.90 crore in the year ended March 2019 as against Rs 2277.10 crore during the previous year ended March 2018.

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