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With continued commercialization of new products, strong orderbook line up, global agrochemical recovery, clearing up of inventory channels and a conducive domestic agri environment, we expect growth to pick up at PI in FY19
In an interview to CNBC-TV18, Mayank Singhal, MD & CEO, PI Industries spoke about the results and his outlook for the company.
In an interview to CNBC-TV18, Mayank Singhal, MD & CEO of PI Industries said that margins were driven by good product mix.
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.
Speaking to CNBC-TV18, Mayank Singhal, MD and CEO of PI said that the company‘s current custom synthesis and manufacturing (CSM) orderbook stands at USD 850 million and he expects to see a 20 percent growth in this segment.
Operating profit is likely to rise 11.6 percent to Rs 106 crore and margin may expand 50 basis points to 18.2 percent in Q4.
Operating profit in Q3 is likely to jump 23.5 percent to Rs 117 crore and margin may expand 60 basis points to 19.4 percent compared to year-ago period.
PI Industries' MD & CEO Mayank Singhal says there is no challenge to the topline growth going forward and expects to margins to increase by a few basis points.
Operating profit during the quarter is seen rising 28 percent to Rs 93 crore and margin may expand 130 basis points to 18.3 percent compared to year-ago period. Margin expansion may be due to better operating leverage and higher contribution from CSM.
Mayank Singhal, MD and CEO of PI Industries says growth in agricultural sector business is monsoon-driven, while custom synthetic business will continue to grow
Revenue is likely to increase 21.6 percent to Rs 573 crore from Rs 471 crore during the same period. Analysts expect CSM business (which contributes 55 percent to its total business) revenue to climb 25 percent, led by order backlog of USD 580 million.
Mayank Singhal, MD & CEO, PI Industries, discusses company's performance for the fourth quarter and future outlook.
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.
PI Industries reported fall in revenues and EBITDA by 7.8 percent and 21.1 percent respective for the second quarter of the current financial year.
Salil Singhal, chairman, PI Industries is optimistic of garnering Rs 1550-1600 crore as the topline for FY14.
Dolat Capital has come with its December quarterly earning estimates for agrochemical sector. According to the research firm, agrochemical companies are expected to deliver strong 24.3% YoY revenue growth which shall be primarily volume driven.
Dolat Capital has come with its September quarterly earning estimates for Agrochemical sector. According to the research firm, agrochemical companies are expected to deliver 14.6% YoY revenue growth which shall be primarily volume driven.
Dolat Capital has come with its June quarterly earning estimates for Agrochemical sector. According to the research firm, agrochemical companies are expected to deliver 14% YoY revenue growth which shall be primarily volume driven.