PI Industries Q4 Results: Profit Rises 32%, Meets Estimates

PI Industries Ltd.'s consolidated net profit increased 31.7% in the fourth quarter of fiscal 2024, in line with analysts' estimates.

The company posted a net profit of Rs 370 crore in the quarter-ended March, in comparison with Rs 281 crore in the year-ago period, according to an exchange filing on Tuesday. Analysts tracked by Bloomberg had estimated a profit of Rs 376 crore.

• Revenue up 11.2% to Rs 1,741 crore versus Rs 1,566 crore (Bloomberg Estimate: Rs 1,968 crore).

• Ebitda up 29% to Rs 442 crore versus Rs 343 crore (Bloomberg Estimate: Rs 498 crore).

• Margin at 25.4% versus 22% (Bloomberg Estimate: 25.30%).

• Net profit up 31.7% to Rs 370 crore versus Rs 281 crore (Bloomberg Estimate: Rs 376 crore).

Shares of PI Industries closed 0.57% higher at Rs 3,600 apiece on the NSE, as compared with a 0.12% advance in the benchmark Nifty 50.