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Motilal Oswal Report
PI Industries Ltd.'s operating performance during the quarter was impacted by one-time expenses pertaining to-
Covid-19 management,
consulting fees, and
other costs related to various strategic projects.
Thus, despite this, the company reported Ebitda growth of 9% on the high base of last year.
PI Industries acquired the active pharma ingredient business division of lnd- Swift Laboratories Ltd. for Rs 15.3 billion, thereby marking its foray into the pharma segment.
The API business of Ind-Swift Labs has a diversified portfolio of 20 plus products, with a leadership position (global top five) in several of them, and a good research and development product pipeline.
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