PI Industries Ltd., an agrochemicals manufacturer based in India announced its results for the third quarter ended December 31, 2021.
Q3 Results- QoQ
The company’s net profit declined 3.05% to Rs 2.23 billion for the period ended December 31, 2021 as against net profit of Rs 2.29 billion for the previous quarter.
Net sales grew 0.03% to Rs 13.82 billion during the period ended December 31, 2021 as compared to Rs 13.81 billion during the previous quarter.
Q3 Results- YoY
The company’s net profit grew 13.9% to Rs 2.23 billion for the period ended December 31, 2021 as against net profit of Rs 1.95 billion during the prior-year quarter.
Net sales increased 15.1% to Rs 13.82 billion during the period ended December 31, 2021 as compared to Rs 12.01 billion during the prior-year quarter.
PI Industries Ltd is engaged in the business of manufacture and selling generic molecules like Profenofos, Ethion, Phorate.