PI Industries Q1 PAT seen up 52.3% YoY to Rs. 221.6 cr: ICICI Direct

ICICI Direct has come out with its first quarter (April-June’ 21) earnings estimates for the Chemicals sector. The brokerage house expects PI Industries to report net profit at Rs. 221.6 crore up 52.3% year-on-year (up 23.2% quarter-on-quarter).

Net Sales are expected to increase by 24.8 percent Y-o-Y (up 10.5 percent Q-o-Q) to Rs. 1,323.1 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 26.3 percent Y-o-Y (up 27.3 percent Q-o-Q) to Rs. 289.6 crore.

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