P I Industries Ltd Share Price – NSE /  BSE

Agro Chemicals, Small Cap

Revenue from operations grew 4.91% YoY to Rs 2,221 crore in the quarter ended 30 September 2024.

Domestic revenues showed a subdued performance, declining by approximately 5% YoY due to reduced supply to institutional customers. However, revenue from branded products grew by around 7% YoY, driven by a 12% increase in volume, though partially offset by a 5% decline in prices. The growth in the company's biologicals products was a key driver, with revenue increasing by approximately 18% YoY.

Agchem exports saw a growth of approximately 10%, primarily driven by volume growth. The performance of new products was a key contributor, with revenue from new products growing by around 42% YoY.

Pharma exports contributed Rs 411 million to the total export revenue, accounting for approximately 2% of the overall exports.

The firm’s overheads increased attributable to the scale-up of exports and promotion expenses for the launch of new products, which rose by approximately 14%, as well as the growth in the pharma business, which contributed to a 6% increase in overhead costs.

EBITDA improved by 14% to Rs 6,289 crore in Q2 FY25 from Rs 5,534 crore in same quarter last year. EBITDA margin increased to 28% in Q2 FY25 as against 26% recorded in Q2 FY24.

Gross Margin improved to 52%, an improvement of around 519 bps YoY mainly on account of better product mix and operative leverage.

On half year basis, the company’s consolidated net profit jumped 10.84% to Rs 957 crore in H1 FY25 as compared to Rs 863.4 crore recorded in H1 FY24. However revenue from operations grew 6.25% YoY to Rs 4,289.9 crore in H1 FY25.

PI Industries operates in the domestic agricultural inputs and custom synthesis manufacturing (CSM) exports segments. It is a leading player in the domestic agricultural inputs sector, primarily dealing in agrochemicals and plant nutrients.

The scrip fell 5.35% to Rs 4,210.95 on the BSE.

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Net profit of P I Industries rose 5.76% to Rs 508.20 crore in the quarter ended September 2024 as against Rs 480.50 crore during the previous quarter ended September 2023. Sales rose 4.92% to Rs 2221.00 crore in the quarter ended September 2024 as against Rs 2116.90 crore during the previous quarter ended September 2023.

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PI Industries will hold a meeting of the Board of Directors of the Company on 13 November 2024

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Sanjay Agarwal, an alumnus of Harvard Business School and an executive from Wharton Business School, is also a rank holder Chartered Accountant and Cost Accountant with over 25 years of experience in corporate finance, investment banking and consumer goods industry.

In his last corporate role as the Chief Financial Officer of Jyothy Labs Limited, a leading FMCG company, his varied experience and deep financial expertise led to immense value creation for the organization.

PI Industries operates in the domestic agricultural inputs and custom synthesis manufacturing (CSM) exports segments. It is a leading player in the domestic agricultural inputs sector, primarily dealing in agrochemicals and plant nutrients.

The pesticides maker registered 17.21% increase in consolidated net profit to Rs 448.8 crore on 8.3% rise in revenue to Rs 2,068.9 crore in Q1 FY25 as compared with Q1 FY24.

The scrip declined 0.42% to currently trade at Rs 4,403.85 on Monday, 26 August 2024.

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