Motilal Oswal: PI Industries’ Domestic Business, CSM Drives Overall Q2 Performance
PI Industries Udaipur Rajasthan Facility (image: Company website)

Motilal Oswal: PI Industries’ Domestic Business, CSM Drives Overall Q2 Performance

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. reported strong Q2 FY21 performance, driven by 25% YoY growth in custom synthesis and manufacturing (CSM) and 33% YoY growth in domestic business.

Strong Ebitda growth of 46% YoY (on high base) was reported on the back of gross margin expansion (due to mix changes) and operating leverage.

Factoring in the better-than-expected performance during the quarter, we have increased our profit after tax estimate by 9%/4% for FY21/FY22E.

Click on the attachment to read the full report:

Motilal Oswal PI Industries Q2FY21 Result Update.pdf

DISCLAIMER

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.