PI Industries Q2 PAT seen up 7.3% YoY to Rs 233.5 cr: ICICI Direct

PI Industries Ltd. | The stock has fallen -6 percent to Rs 2201.85 as on January 18 from Rs  2330.60 as on January 11.

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ICICI Direct has come out with its second quarter (July-September’ 21) earnings estimates for the Chemicals sector. The brokerage house expects PI Industries to report net profit at Rs 233.5 crore up 7.3% year-on-year (up 24.7% quarter-on-quarter).

Net Sales are expected to increase by 16.5 percent Y-o-Y (up 13 percent Q-o-Q) to Rs 1,348.4 crore, according to ICICI Direct.

Earnings before interest, tax, depreciation and amortisation (EBITDA) are likely to rise by 9.2 percent Y-o-Y (up 22.9 percent Q-o-Q) to Rs 306 crore.

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