PI Industries moves up on reporting 37% rise in Q4 consolidated net profit
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PI Industries is currently trading at Rs. 3260.45, up by 9.45 points or 0.29% from its previous closing of Rs. 3251.00 on the BSE.
The scrip opened at Rs. 3219.45 and has touched a high and low of Rs. 3405.75 and Rs. 3164.50 respectively. So far 20558 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 3698.50 on 09-Nov-2022 and a 52 week low of Rs. 2443.90 on 20-Jun-2022.
Last one week high and low of the scrip stood at Rs. 3410.90 and Rs. 3243.85 respectively. The current market cap of the company is Rs. 49493.48 crore.
The promoters holding in the company stood at 46.09%, while Institutions and Non-Institutions held 42.79% and 11.12% respectively.
PI Industries has reported results for fourth quarter (Q4) and year ended March 31, 2023.
The company has reported 36.56% rise in net profit at Rs 279.40 crore for the quarter under review as compared to Rs 204.60 crore for the same quarter in the previous year. Total income of the company increased by 13.82% at Rs 1559.00 crore for Q4FY23 as compared to Rs 1369.70 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 37.28% rise in its net profit at Rs 280.60 crore for fourth quarter ended March 31, 2023 as compared to Rs 204.40 crore for the same quarter in the previous year. Total income of the company increased by 14.13% at Rs 1615.10 crore for Q4FY23 as compared to Rs 1415.20 crore for the corresponding quarter previous year.
For the year ended March 31, 2023, the company has reported 47.79% rise in its net profit at Rs 1211.40 crore as compared to Rs 819.70 crore for the previous year. Total income of the company increased by 24.19% at Rs 6429.30 crore for year under review as compared to Rs 5176.80 crore for year ended March 31, 2022.
For the year ended March 31, 2023, on the consolidated basis, the company has reported 45.71% rise in its net profit at Rs 1229.50 crore as compared to Rs 843.80 crore for the previous year. Total income of the company increased by 23.15% at Rs 6651.00 crore for year under review as compared to Rs 5400.90 crore for year ended March 31, 2022.
