PI Industries Ltd.'s consolidated net profit increased 17% in the first quarter of fiscal 2025, beating analysts' estimates.
The company posted a net profit of Rs 449 crore in the quarter-ended June, in comparison with Rs 383 crore in the year-ago period, according to an exchange filing on Tuesday. Analysts tracked by Bloomberg had estimated a profit of Rs 407 crore.
PI Industries Q1 FY25 Highlights (Consolidated, YoY)
Revenue up 8% to Rs 2,069 crore versus Rs 1,910 crore (Bloomberg Estimate: Rs 2,134 crore).
Ebitda up 25% to Rs 583 crore versus Rs 467 crore (Bloomberg Estimate: Rs 559 crore).
Ebitda margin at 28.2% versus 24.5% (Bloomberg Estimate: 26.20%).
Net profit up 17% to Rs 449 crore versus Rs 383 crore (Bloomberg Estimate: Rs 407 crore).
Shares of PI Industries closed 1.77% higher at Rs 4,285 apiece on the NSE, as compared with a 0.26% decline in the benchmark Nifty 50.
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