PI Industries Ltd's Q3FY19 standalone net profit rises 33.04% yoy to Rs107.30cr: Beats Estimates
The company’s standalone revenue in the quarter stood at Rs707.50cr, up 31.57% yoy but down 2.14% qoq.
Feb 11, 2019 06:02 IST India Infoline Research Team
PI Industries Ltd Q3FY19
Standalone Results Q3FY19: (Rs. in cr)
| Q3FY19 | YoY (%) | |
|---|---|---|
| Revenue | 707.50 | 31.57 |
| EBITDA | 148.60 | 41.8 |
| EBITDA Margin (%) | 21 | 152 |
| Net Profit (adjusted) | 107.30 | 33.04 |
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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.
Technical View:
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.
