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PI Industries jumps on reporting 32% rise in Q4 consolidated net profit
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PI Industries is currently trading at Rs. 3712.00, up by 126.85 points or 3.54% from its previous closing of Rs. 3585.15 on the BSE.
The scrip opened at Rs. 3606.15 and has touched a high and low of Rs. 3724.00 and Rs. 3592.50 respectively. So far 38254 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4032.00 on 09-Apr-2024 and a 52 week low of Rs. 3060.00 on 07-Feb-2024.
Last one week high and low of the scrip stood at Rs. 3724.00 and Rs. 3523.00 respectively. The current market cap of the company is Rs. 56269.22 crore.
The promoters holding in the company stood at 46.09%, while Institutions and Non-Institutions held 44.59% and 9.32% respectively.
PI Industries has reported 37.58% rise in its net profit at Rs 384.40 crore for the fourth quarter (Q4) ended March 31, 2024 as compared to Rs 279.40 crore for the same quarter in the previous year. Total income of the company increased by 7.92% at Rs 1682.40 crore for Q4FY24 as compared Rs 1559.00 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 31.68% rise in its net profit at Rs 369.50 crore for fourth quarter ended March 31, 2024 as compared to Rs 280.60 crore for the same quarter in the previous year. Total income of the company increased by 11.38% at Rs 1798.90 crore for Q4FY24 as compared Rs 1615.10 crore for the corresponding quarter previous year.
For the year ended March 31, 2024, the company has reported 42.86% rise in its net profit at Rs 1730.70 crore as compared to Rs 1211.40 crore for the previous year. Total income of the company increased by 14.62% at Rs 7369.70 crore for year under review as compared to Rs 6429.30 crore for year ended March 31, 2023.
For the year ended March 31, 2024, on the consolidated basis, the company has reported 36.76% rise in its net profit at Rs 1681.50 crore as compared to Rs 1229.50 crore for the previous year. Total income of the company increased by 18.38% at Rs 7873.50 crore for year under review as compared to Rs 6651.00 crore for year ended March 31, 2023.
