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PI Industries trades higher on reporting 44% rise in Q2 consolidated net profit
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PI Industries is currently trading at Rs. 3630.25, up by 50.00 points or 1.40% from its previous closing of Rs. 3580.25 on the BSE.
The scrip opened at Rs. 3674.55 and has touched a high and low of Rs. 3735.00 and Rs. 3556.40 respectively. So far 61404 shares were traded on the counter.
The BSE group 'A' stock of face value Rs. 1 has touched a 52 week high of Rs. 4010.00 on 21-Jun-2023 and a 52 week low of Rs. 2870.00 on 28-Mar-2023.
Last one week high and low of the scrip stood at Rs. 3735.00 and Rs. 3400.00 respectively. The current market cap of the company is Rs. 54967.47 crore.
The promoters holding in the company stood at 46.09%, while Institutions and Non-Institutions held 43.28% and 10.63% respectively.
PI Industries has reported results for second quarter ended September 30, 2023 (Q2FY24).
The company has reported 41.96% rise in its net profit at Rs 464.50 crore for the quarter under review as compared to Rs 327.20 crore for the same quarter in the previous year. Total income of the company increased by 17.22% at Rs 2,024.80 crore for Q2FY24 as compared to Rs 1,727.40 crore for the corresponding quarter previous year.
On consolidated basis, the company has reported 43.52% rise in its net profit at Rs 480.50 crore for Q2FY24 as compared to Rs 334.80 crore for the same quarter in the previous year. Total income of the company increased by 20.10% at Rs 2,163.80 crore for Q2FY24 as compared to Rs 1,801.70 crore for the corresponding quarter previous year.
