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PI Industries Q1 net seen up 21%, margins likely to improve

Analysts polled by CNBC-TV18 say that order book for custom synthesis business, currently at USD 850 million, is seen 12 percent growth in Q1. Management commentary on current order execution timeline will be crucial.

July 26, 2016 / 11:14 IST
     
     
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    Moneycontrol Bureau

    PI Industries is likely to see net profit of Rs 105 crore in April-June quarter, up 21 percent from Rs 87 crore in corresponding quarter last fiscal. According to CNBC-TV18 poll, revenue may climb 17 percent in Q1 at Rs 649 crore from Rs 555 crore in year-ago period.

    During the quarter, EBIDTA is seen up 19 percent at Rs 162.5 crore from Rs 136 crore while margins may stand at 25 percent versus 24.5 percent year-on-year. EBITDA margin is expected to improve on account of operating leverage benefits.

    Analysts polled by CNBC-TV18 say that order book for custom synthesis business, currently at USD 850 million, is seen 12 percent growth in Q1. Management commentary on current order execution timeline will be crucial. 

    Concerns With increased reliance on exports, forex volatility to be a concernSlightly delayed monsoon to affect the demand in domestic marketHigher depreciation due to new plant commissioning to hit PAT growthCompetition from local players in the product “nominee gold”

    first published: Jul 26, 2016 11:14 am

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