PI Industries' net profit in the quarter ended December 31, 2023, jumped 27.5% to ₹448.6 crore. The agrochemical major had posted a net profit of ₹351.8 crore in the same quarter a year ago.
PI Industries' revenue jumped to ₹1,897.5 crore in the third quarter of the current financial year, rising 17.6% on a year-on-year basis from ₹1,613.2 crore in Q3FY23.
#3QWithCNBCTV18 | PI Industries reports #Q3 earnings➡️Net Profit up 27.5% At ₹448.6 Cr Vs ₹351.8 Cr (YoY)➡️Revenue up 17.6% At ₹1,897.5 Cr Vs ₹1,613.2 Cr (YoY)➡️EBITDA up 33.4% At ₹553.6 Cr Vs ₹415.1 Cr (YoY)➡️Margin At 29.2% Vs 25.7% (YoY) pic.twitter.com/EqCmufKNCm
— CNBC-TV18 (@CNBCTV18Live) February 9, 2024
PI Industries EBITDA rose sharply by 33.4% to ₹553.6 crore in Q3FY24, from ₹415.1 crore it had posted a year ago in the same quarter. The company's margin also rose from 25.7% to 29.2% in this quarter.
PI Industries dividend news
PI Industries also announced an interim dividend of 600%, i.e., Rs 6 per equity share of Re. 1 each, for the financial year 2023–24. The company has fixed February 21 as the record date and it will be credited to eligible shareholders on or before March 5.
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