PI Industries' third quarter net profit is seen rising 57 percent year-on-year to Rs 55 crore supported by revenue and operational income, according to the average of estimates of analysts polled by CNBC-TV18.
Net sales of the agri input and custom synthesis & manufacturing company may grow 29 percent to Rs 470 crore in December quarter from Rs 363 crore in same quarter last fiscal.
Operating profit (EBITDA) may climb 37 percent year-on-year to Rs 85 crore and margin may expand 100 basis points to 18 percent during October-December quarter.
Analysts expect a 10 percent growth (Y-o-Y) in the agri input business. The low growth expectation for agri input business may be on account of adverse weather conditions.
Custom synthesis business (CSM) revenue is expected to grow by around 50 percent, led by healthy order book and postponement of Q2FY15 sales.
Analysts expect better realisation in company' domestic business.
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