- PI Industries reported a net income of 5.08 billion rupees, marking an increase of 5.6% compared to the previous year.
- The reported net income surpassed analysts’ expectations, which were estimated at 4.74 billion rupees.
- Revenue for the second quarter was 22.2 billion rupees, increasing by 4.7% year-over-year but falling short of the estimated 22.97 billion rupees.
- Total costs for the quarter amounted to 16.8 billion rupees, a modest rise of 1.8% from the previous year.
- Despite surpassing net income estimates, PI Industries’ shares dropped by 2.3% to 4,446 rupees.
- The trading volume was noted at 174,456 shares.
- Market analysts’ recommendations included 18 buys, 5 holds, and 6 sells for the company’s stock.
A look at Pi Industries Smart Scores
| Factor | Score | Magnitude |
|---|---|---|
| Value | 2 | |
| Dividend | 3 | |
| Growth | 4 | |
| Resilience | 5 | |
| Momentum | 4 | |
| OVERALL SMART SCORE | 3.6 |
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 exhibits a promising long-term outlook. With a strong score in Resilience, indicating the company’s ability to weather market fluctuations and challenges, Pi Industries is positioned well for stability and sustainability in the future.
Furthermore, Pi Industries also scores high in Growth and Momentum, suggesting potential for expansion and positive market performance in the coming years. The company’s focus on manufacturing agricultural and fine chemicals, along with polymers, aligns with the increasing demand in these sectors, indicating promising prospects for growth and profitability.
Company Summary: PI Industries Limited specializes in the manufacturing of agricultural and fine chemicals, along with polymers. Their product range includes fine chemicals, crop protection, plant nutrients, seeds, and engineering plastics which cater to various industries such as automobile, electrical, and home appliances. With a diverse product portfolio and emphasis on quality, Pi Industries is well-positioned to capitalize on market opportunities and drive sustainable growth.
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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