PI Industries - Strong Earnings Growth Momentum Continues In Q3: Motilal Oswal 
A technician conducts a test on a sample inside the laboratory (Photographer: Sanjit Das/Bloomberg)

PI Industries - Strong Earnings Growth Momentum Continues In Q3: Motilal Oswal 

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Motilal Oswal Report

PI Industries Ltd. reported a strong Q3 FY21 performance, led by a 40%/26% YoY growth in Custom Synthesis and Manufacturing /Domestic business.

Ebitda growth of 48% YoY (on a high base of last year) was on the back of gross margin expansion and operating leverage.

Revenue for domestic agrochemicals grew 26% YoY (to Rs 2.6 billion), supported by -

  1. Isagro’s sales, and
  2. good traction from brands like Nominee Gold, Osheen, Awkira (wheat herbicide) and Londax Power (Rice herbicide).

Click on the attachment to read the full report:

Motilal Oswal PI Industries Q3FY21 Result Update.pdf

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