PI Industries Limited Reports Earnings Results for the Fourth Quarter and Full Year Ended March 31, 2023
May 18, 2023 at 11:03 am
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PI Industries Limited reported earnings results for the fourth quarter and full year ended March 31, 2023. For the fourth quarter, the company reported sales was INR 15,656 million compared to INR 13,952 million a year ago. Revenue was INR 16,151 million compared to INR 14,152 million a year ago. Net income was INR 2,806 million compared to INR 2,044 million a year ago. Basic earnings per share from continuing operations was INR 18.49 compared to INR 13.49 a year ago.
For the full year, sales was INR 64,920 million compared to INR 52,995 million a year ago. Revenue was INR 66,510 million compared to INR 54,009 million a year ago. Net income was INR 12,295 million compared to INR 8,438 million a year ago. Basic earnings per share from continuing operations was INR 81.06 compared to INR 55.65 a year ago. Diluted earnings per share from continuing operations was INR 81.04 compared to INR 55.63 a year ago.
PI Industries Limited is a holding company. The Company is engaged in the manufacturing and distribution of agro chemicals. The Company operates through two segments: Agro chemicals, and Pharma. The Agro chemicals segment includes Agchem exports (CSM) and Domestic Agri Brands. The Pharma segment comprises contract research and development, contract development and manufacturing of active. It also includes materials and intermediates used in the pharmaceutical industry. The Company offers services, such as research and development services, CSM services, distribution services. The research and development services comprise target, discovery, molecule design, library synthesis, lead optimization, biological evaluation and route synthesis. It also provides Shield (fungicide) and Londax Power (rice herbicide) products. It offers services in areas, such as contract research, process development, analytical method development, process safety data generation and detailed process engineering.