Centrum Broking: PI Industries Delivers A Beat On All Fronts In Q2
A technician conducts a test on a sample inside the laboratory (Photographer: Sanjit Das/Bloomberg)

Centrum Broking: PI Industries Delivers A Beat On All Fronts In Q2

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.

Centrum Broking Report

PI Industries Ltd.’s consolidated revenue at Rs 11.6 billion, (up 28% YoY), ahead of our estimate Rs 9.6 billion helped by strong domestic revenue of Rs 3.6 billion (up 33% YoY, our estimate Rs 2.9 billion) and very strong export revenue of Rs 8 billion (up 25% YoY).

Numbers were supported by Isagro revenues which are growing at high double digits consistently.

Resultant of the beat on revenue gross profit at Rs 5.1 billion (up 32% YoY) implies gross margins of 44.1%, (up 170 basis points YoY).

Click on the attachment to read the full report:

Centrum PI Industries - Q2FY21 Result Update.pdf


This report is authored by an external party. BloombergQuint does not vouch for the accuracy of its contents nor is responsible for them in any way. The contents of this section do not constitute investment advice. For that you must always consult an expert based on your individual needs. The views expressed in the report are that of the brokerage and do not represent the views of BloombergQuint.

Users have no license to copy, modify, or distribute the content without permission of the Original Owner.

BQ Install

Bloomberg Quint

Add BloombergQuint App to Home screen.