PI Industries reports 33% growth in Q3FY17 net profit

15 Feb 2017

PI Industries has reported results for third quarter ended December 31, 2016. 

The company has reported 32.65% rise in its net profit at Rs 93.97 crore for the quarter under review as compared to Rs 70.84 crore for the same quarter in the previous year. However, total income of the company decreased by 3.40% at Rs 513.62 crore for the quarter under review as compared to Rs 531.69 crore for the corresponding quarter previous year.

PI Industries is operates three formulation and two manufacturing facilities as well as eight multi-product plants under its three business units across Gujarat. These state-of-art facilities have integrated process development teams with in-house engineering capabilities.

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