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As on 18-May-2022  10:06

PI Industries soars after strong Q4 PAT rises 14% YoY

The revenue growth of driven by price increase of approximately 7% and balance from volume growth. While exports grew by 11% over a high base, domestic revenues jumped by 47% in Q4 FY22 over Q4 FY21.

Operating expenses increased by 12% YoY to Rs 309.8 crore during the quarter.Trend of rising input costs continued…. cost passthrough effected both in CSM exports and Domestic during Q3 and Q4 FY22,” PI Industries said in a statement.

EBITDA improved by 34% to Rs 305.6 crore in Q4 FY22 from Rs 227.3 crore in Q4 FY21. EBITDA margin was 22% in Q4 FY22 as against 19% in Q4 FY21.

Cash generated from operations before tax during Q4 FY22 of approximately Rs 264 crore.

The company recorded 14% increase in net profit to Rs 843.8 crore on a 16% rise in revenue to Rs 5,299.5 crore in FY22 over FY21.

Expecting the growth momentum to continue in FY23, PI Industries said that it is confident of delivering 18%-20% revenue growth with continued improvement in margins and returns.

The board of directors has recommended a final dividend of Rs 3 per equity share. With this, the total dividend (including an interim dividend of Rs 3 per equity share paid during the year) is Rs 6 per share.

PI Industries manufactures agricultural and fine chemicals and polymers.

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