PI Industries climbs on reporting 58% rise in Q3 consolidated net profit

PI Industries is currently trading at Rs. 3102.05, up by 67.40 points or 2.22% from its previous closing of Rs. 3034.65 on the BSE.

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PI Industries

The scrip opened at Rs. 3135.95 and has touched a high and low of Rs. 3255.10 and Rs. 3067.40 respectively. So far 43064 shares were traded on the counter.

The BSE group ‘A’ stock of face value Rs. 1 has touched a 52 week high of Rs. 3698.50 on 09-Nov-2022 and a 52 week low of Rs. 2352.95 on 07-Mar-2022.

Last one week high and low of the scrip stood at Rs. 3255.10 and Rs. 3016.10 respectively. The current market cap of the company is Rs. 46930.97 crore.

The promoters holding in the company stood at 46.09%, while Institutions and Non-Institutions held 42.98% and 10.92% respectively.

PI Industries has reported results for third quarter ended December 31, 2022 (Q3FY23).

The company has reported rise of 64.20% in its net profit at Rs 352.70 crore for Q3FY23 as compared to Rs 214.80 crore for the corresponding quarter previous year. Total income of the company increased by 21.92% to Rs 1619.00 crore for the quarter under review as compared to Rs 1327.90 crore for the same quarter in the previous year.

On the consolidated basis, the company has reported rise of 58.04% in its net profit at Rs 351.80 crore for Q3FY23 as compared to Rs 222.60 crore for the same quarter in the previous year. Total income of the company increased by 20.34% to Rs 1663.40 crore for the quarter under review as compared to Rs 1382.30 crore for the same quarter in the previous year.

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