PI Industries Ltd's standalone revenue for Q3FY19 came in at Rs707.5cr, up 31.57% yoy, while its operating profit came in at Rs148.6cr, up 41.8% yoy. The EBITDA margin expanded ~152bps yoy to 21% in Q3FY19. The net profit after tax stood at Rs107.3cr for Q3FY19, up 33.04% yoy. The performance of the company beat the estimates on all parameters. The revenue, EBITDA, and net profit beat the estimate of Rs635cr, Rs131cr, and Rs91cr by 11%, 13%, and 18%, respectively.
PI Industries Ltd share price ended at Rs835, down 6.95 points, or 0.83%, from its previous close of Rs841.95 on the BSE. The scrip opened at Rs836.55 and touched a high and low of Rs845.20 and Rs829.60, respectively. A total of 15,659 (NSE+BSE) shares were traded on the counter. The stock is currently trading above its 50-DMA.
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