PI Industries Q2 PAT seen up 28.5% YoY to Rs. 121.3 cr: Kotak

Kotak has come out with its second quarter (July-September’ 19) earnings estimates for the Fertilizers & Agricultural Chemical sector. The brokerage house expects PI Industries to report net profit at Rs. 121.3 crore up 28.5% year-on-year (up 20.4% quarter-on-quarter).

Net Sales are expected to increase by 18 percent Y-o-Y (up 13.1 percent Q-o-Q) to Rs. 853.1 crore, according to Kotak.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 30.1 percent Y-o-Y (up 15.7 percent Q-o-Q) to Rs. 175.1 crore.

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