PI Industries Q4 Review - A Record Year, More To Come: Centrum Broking

An employee uses a pipette to fill a glass flask in research laboratory. (Photographer Krisztian Bocsi/Bloomberg)

PI Industries Q4 Review - A Record Year, More To Come: Centrum Broking

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. closed out FY21 with a strong Q4, with recurring revenue/Ebitda/profit after tax of Rs 11.9/2.27/1.79 billion (up 40/22/62% YoY), the best YoY growth reported in a financial year in the last seven years.

This has been driven by a seven year high achieved in revenue growth and the second best Ebitda margin in the last decade.

Numbers were supported by Isagro (Asia) Agrochemcials Pvt. Ltd. revenues which are growing at high double digits consistently.

The gross margins of just 42.1% (down 470/480 basis points YoY/QoQ) were however a negative surprise and offset somewhat the revenue uptick.

Click on the attachment to read the full report:

Centrum Broking PI Industries -Q4FY21 Result Update .pdf

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