PI Industries reports 14% yoy growth in PAT for Q3 FY22; Stock gains over 2%

4 Feb 2022 , 03:17 PM

PI Industries Ltd. announced its quarterly results for the December 2021 quarter and has reported a satisfactory performance to the investors. Following the announcement, its stock gained 2.42% or Rs 60.25 in today’s trade and is currently trading at Rs 2,550.45 against its previous closing price of Rs 2490.20.

The company reported a consolidated revenue of Rs 1,356.30 crore for Q3 FY’22 as against Rs 1,162.10 crore for Q3 FY’21, up by 16.71% YoY. While revenue for the 9M period ending December 2021 stood at Rs 3,904.30 crore, 15.52% on-year higher than the revenue for the previous 9M period at Rs 3,379.90 crore.

Total consolidated income for the quarter ended December 2021 stood at Rs 1,382.30 crore against Rs 1201 crore for the quarter ended December 2020, up by 15.10% YoY.

Its PAT for the quarter ended December 2021 stood at Rs 222.60 crore as compared to Rs 195.40 crore for the previous corresponding quarter, recording a growth of 13.92% YoY. For the 9M-period ended December 2021, PAT stood at Rs 639.40 crore against Rs 558.50 crore for the 9M period ended December 2020, reflecting a gain of 14.49% YoY.