Earnings Review
PI Ind Jan-Mar PAT tad up on yr; beats street view
This story was originally published at 21:34 IST on 19 May 2025
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--PI Ind Jan-Mar net profit INR 3.86 bln
--Analysts saw PI Ind Jan-Mar net profit INR 3.48 bln
--PI Ind Jan-Mar net profit INR 3.86 bln vs INR 3.84 bln year ago
--PI Ind Jan-Mar revenue INR 16.48 bln vs INR 16.26 bln year ago
--PI Ind to pay INR 10 per share final dividend for FY25
--PI Ind FY25 net profit INR 18.67 bln vs INR 17.31 bln year ago
--PI Ind FY25 revenue INR 75.71 bln vs INR 71.45 bln year ago
By Afra Abubacker
NEW DELHI – PI Industries net profit during March quarter rose slightly on year and beat street expectations by a small margin. The Gurugram-based chemical firm's net profit for Jan-Mar came in at INR 3.86 billion, marginally up from INR 3.84 billion a year ago. It was, however, higher than the analysts' estimate of INR 3.48 billion.
The company's Jan-Mar revenue came in at INR 16.48 billion, up over 1% from INR 16.26 billion a year ago. The average of analysts' estimates for revenue for the reporting quarter were INR 18.5 billion, up 14% on year.
The company's other income for the March quarter was up over 21% on year at INR 682 million, from INR 561 million. The company's total income was INR 17.16 billion, up over 2% from INR 16.8 billion a year ago. The cost incurred by the company on employee benefits was down nearly 5% on year at INR 1.4 billion.
In 2024-25 (Apr-Mar), the company's net profit rose to INR 18.67 billion from INR 17.31 billion a year ago. The company's revenue was at INR 75.71 billion, up from INR 71.45 billion year ago. For FY25, the company will pay a final dividend of INR 10 per share.
PI Industries tax expenses rose sharply by 105% on year to INR 1.2 billion in March quarter. The company's other expenses in the reporting quarter were INR 2.5 billion, down over 10% from INR 2.8 billion a year ago. On Monday, shares of the company closed at INR 3,759 on the National Stock Exchange, marginally down over Friday. The company detailed its results after market hours. End
Edited by Akul Nishant Akhoury
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