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PI Industries reports 48% jump in Q1 net profit

27 Jul 2016 Evaluate

PI Industries has reported results for first quarter ended June 30, 2016.

The company has reported 47.73% rise in its net profit at Rs 126.86 crore for the quarter ended June 30, 2016 as compared to Rs 85.87 crore for the same quarter in the previous year. The company’s total income increased by 15.65% to Rs 694.67 crore for the quarter under review from Rs 600.69 crore for the corresponding quarter of the previous year.

PI Industries focuses on Agri-Input and Custom Synthesis with strength of over 1,400 employees. PI Industries currently operates three formulation and two manufacturing facilities as well as five multi-product plants under its three manufacturing locations across Jammu and Gujarat.

Peers
Company Name CMP
UPL 547.00
PI Industries 2382.30
Bayer CropScience 3710.00
Sharda Cropchem 743.35
Sumitomo Chem. India 445.85
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