PI Industries Ltd., a agrochemicals manufacturer based in India announced its results for the second quarter ended September 30, 2021.
Q2 Results- QoQ
The company’s net profit grew 22.6% to Rs 2.29 billion for the period ended September 30, 2021 as against net profit of Rs 1.87 billion for the previous quarter.
Net sales increased 13.1% to Rs 13.82 billion during the period ended September 30, 2021 as compared to Rs 12.22 billion during the previous quarter.
Q2 Results- YoY
The company’s net profit grew 5.5% to Rs 2.29 billion for the period ended September 30, 2021 as against net profit of Rs 2.18 billion for the previous quarter.
Net sales increased 16% to Rs 13.82 billion during the period ended September 30, 2021 as compared to Rs 11.91 billion during the previous quarter.
Half-Year Results- YoY
The company’s net profit grew 14.8% to Rs 4.17 billion for the 6 months period ended September 30, 2021 as against net profit of Rs 3.63 billion for the prior-year 6 months period.
Net sales increased 15.2% to Rs 26.03 billion during the 6 months period ended September 30, 2021 as compared to Rs 22.6 billion during the prior-year 6 months period.
PI Industries Ltd is engaged in the business of manufacture and selling insecticides such as profenofos, ethion; fungicides such as propineb, kitazin and herbicides such as pendimethalin among others.