PI Industries sales, profit grows on higher volumes, margins
By: ICN Bureau
Last updated : August 06, 2022 5:19 pm
Net profit rose by 13% to reach Rs.204.4 crores in Q4 as against Rs.179.8 crores for the period ended March 31, 2021
PI Industries Ltd has reported a growth of 14% in total income at Rs.1415.2 crores in Q4FY22 versus Rs.1241.3 crores in same quarter last year.
Net profit rose by 13% to reach Rs.204.4 crores in Q4 as against Rs.179.8 crores for the period ended March 31, 2021.
Q4 EPS grew by 12% and stood at Rs.13.48 for the period ended March 31, 2022 as compared to Rs.11.95 for the period ended March 31, 2021.
For the full year, the company's total income grew 15% to reach Rs.5400.9 crores in FY22 as against Rs.4701.9 crores during the Financial Year ended March 31, 2021.
Net profit also jumped by 14% and tocuhed Rs.843.8 crores for the Financial Year ended March 31, 2022 as against Rs.738.3 crores for the Financial Year ended March 31, 2021.
The company has reported EPS of Rs.55.63 for the Financial Year ended March 31, 2022 as compared to Rs.49.89 for the Financial Year ended March 31, 2021.
We are confident of delivering 18%-20% revenue growth with continued improvement in margins and returns in FY23, stated the company in its quarterly update.