BQ Blue’s special research section collates quality and in-depth equity and economy research reports from across India’s top brokerages, asset managers and research agencies. These reports offer BloombergQuint’s subscribers an opportunity to expand their understanding of companies, sectors and the economy.
Motilal Oswal Report
PI Industries Ltd.’s operating performance during the quarter was impacted by one-time expenses pertaining to-
Covid-19 management,
consulting fees, and
other costs related to various strategic projects.
Thus, despite this, the company reported Ebitda growth of 9% on the high base of last year.
PI Industries acquired the active pharma ingredient business division of lnd- Swift Laboratories Ltd. for Rs 15.3 billion, thereby marking its foray into the pharma segment.
The API business of Ind-Swift Labs has a diversified portfolio of 20 plus products, with a leadership position (global top five) in several of them, and a good research and development product pipeline.
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