- PI Industries reported a net income of 3.73 billion rupees for the third quarter, which is a 17% decrease year-over-year and below the estimated 3.95 billion rupees.
- Revenue for the quarter stood at 19.01 billion rupees, slightly up from the previous year’s 19 billion rupees but below the estimated 19.29 billion rupees.
- Agricultural Chemicals sales reached 18.38 billion rupees, marking a 3.8% increase from the previous year, but fell short of the 19.46 billion rupees estimate.
- Pharmaceutical sales declined by 50% year-over-year, amounting to 637 million rupees against an estimate of 858.6 million rupees.
- Total costs for the company increased by 4.6% year-over-year, reaching 14.96 billion rupees.
- PI Industries declared a dividend of 6 rupees per share.
- Analyst ratings for PI Industries comprise 16 buys, 6 holds, and 6 sells.
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A look at Pi Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 2 | |
| OVERALL SMART SCORE | 3.2 |
Smart Score is a compound score for the Company indicating its overall outlook. It is derived by taking an equally weighted average of underlying Factor scores computed by Smartkarma
Based on the Smartkarma Smart Scores, Pi Industries seems to have a positive long-term outlook. The company scores well in growth, resilience, and dividends, indicating a strong performance in these areas. With a growth score of 4 and a resilience score of 5, Pi Industries is positioned for sustainable expansion and stability. Additionally, the company’s emphasis on dividends with a score of 3 suggests a commitment to rewarding shareholders. However, Pi Industries scores lower in value and momentum, which could warrant further evaluation.
Overall, Pi Industries Limited, a manufacturer of agricultural and fine chemicals, along with polymers, shows promise for long-term success. Producing a range of chemicals, crop protection, plant nutrients, and seeds, as well as engineering plastics, the company serves various industries like automobile, electrical, and home appliances. With strong scores in growth, resilience, and dividends on the Smartkarma Smart Scores, Pi Industries demonstrates key strengths that could contribute to its future success in the market.
Disclaimer: This article by Smartkarma is general in nature and based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Note that our articles may not factor in the latest price-sensitive company announcements or qualitative material.
While all reasonable care has been taken in the preparation, Smartkarma makes no assurance about the accuracy of any generated data or content. All content is indicative only and should be independently checked for accuracy and confirmed before use. Smartkarma accepts no responsibility for any loss or damage caused as a result of any inaccuracy or error within the Lab online tools or generated data.
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