P I Industries Ltd's Q3FY25 Quarter Results
- 07 Feb 2025
Result Summary
- P I Industries Ltd reported a 15.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Dec (Q3FY25). On a year-on-year (YoY) basis, it witnessed a growth of 1.2%.
- Its expenses for the quarter were down by 11.0% QoQ and up 4.7% YoY.
- The net profit decreased 26.7% QoQ and decreased 16.9% YoY.
- The earnings per share (EPS) of P I Industries Ltd stood at 24.6 during Q3FY25.
Financial Statments for Q3FY25
| (₹ crores) | Q3FY25 | Q2FY25 | Q3FY24 | QoQ (%) | YoY (%) |
|---|---|---|---|---|---|
Total Income | 1976.70 | 2343.20 | 1953.60 | -15.6% | 1.2% |
Total Expenses | 1496.20 | 1681.10 | 1429.20 | -11.0% | 4.7% |
Profit Before Tax | 480.50 | 662.10 | 524.40 | -27.4% | -8.4% |
Tax | 108.00 | 154.60 | 77.20 | -30.1% | 39.9% |
Profit After Tax | 372.70 | 508.20 | 448.60 | -26.7% | -16.9% |
Earnings Per Share | 24.60 | 33.50 | 29.60 | -26.6% | -16.9% |
Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results
Company Overview
P I Industries Ltd is a leading player in the agrochemical industry, primarily engaged in the manufacturing and distribution of chemicals used in agriculture. The company is known for its diverse range of products, including insecticides, fungicides, herbicides, and specialty chemicals. Recently, P I Industries has focused on expanding its market presence and enhancing its product line to cater to the evolving needs of the agriculture sector. The company operates in a competitive environment with a significant emphasis on research and development to innovate and improve its offerings. However, specific recent developments in the company were not provided in the data.
Revenue
During Q3FY25, P I Industries Ltd reported a total income of ₹1976.70 crores, a decrease from ₹2343.20 crores in Q2FY25, reflecting a quarter-over-quarter (QoQ) decline of 15.6%. Compared to the same quarter in the previous year, Q3FY24, the total income increased slightly by 1.2% from ₹1953.60 crores. This modest year-over-year (YoY) growth indicates a slight improvement in revenue generation over the past year, despite the recent quarterly downturn.
Profitability
The company’s profitability metrics for Q3FY25 indicate a profit before tax (PBT) of ₹480.50 crores, which is a decrease from ₹662.10 crores in Q2FY25, showing a QoQ decline of 27.4%. Compared to Q3FY24, where the PBT was ₹524.40 crores, there is a YoY decrease of 8.4%. The profit after tax (PAT) for Q3FY25 stands at ₹372.70 crores, down from ₹508.20 crores in Q2FY25, marking a 26.7% QoQ reduction. This is also lower than the ₹448.60 crores recorded in Q3FY24, representing a YoY decrease of 16.9%. The earnings per share (EPS) for Q3FY25 is ₹24.60, compared to ₹33.50 in Q2FY25 and ₹29.60 in Q3FY24, aligning with the PAT trend.
Operating Metrics
The operating expenses for P I Industries Ltd in Q3FY25 were ₹1496.20 crores, a decrease from ₹1681.10 crores in Q2FY25, reflecting an 11.0% QoQ decline. Compared to Q3FY24, where expenses were ₹1429.20 crores, there is a 4.7% YoY increase. The tax expense for Q3FY25 is ₹108.00 crores, down from ₹154.60 crores in Q2FY25, indicating a 30.1% QoQ decrease. However, there is a significant YoY increase of 39.9% from ₹77.20 crores in Q3FY24. These figures suggest changes in the company's cost structure and tax liabilities over the periods compared.
