Conference Call with PI Industries Management and Analysts on Q1FY25 Performance and Outlook. Listen to the full earnings transcript.
Agrochemicals company PI Industries announced Q1FY25 results: Revenue: Rs 20,689 million in Q1FY25, an 8% increase compared to Rs 19,014 million in Q1FY24. Gross Margin: 52% in Q1FY25, up by 526 basis points from 47% in Q1FY24. Overheads: Rs 4,880 million in Q1FY25, representing a 16% increase from Rs 4,208 million in Q1FY24. EBITDA: Rs 5,853 million in Q1FY25, a 24% increase compared to Rs 4,726 million in Q1FY24. EBITDA Margin: 28% in Q1FY25, up by 356 basis points from 25% in Q1FY24. Net Profit: Rs 4,488 million in Q1FY25, reflecting a 17% increase from Rs 3,829 million in Q1FY24. Net fixed asset increase by Rs 2,786 million Y-o-Y. Total capex for Q1FY25 is Rs 1,523 million (Q1FY24 Rs 1,241 million). Trade working capital in terms of Days of Sales improved to 55 days as on 30-Jun-24 vs. 83 days as on 30-Jun-23. Inventory levels of Rs 11,270 million, reduced in terms of Days of Sales from 73 days as on 30-Jun-23 to 50 days. Free Cash Flow generation increased 62% to Rs 5,067 million (Q1FY23 Rs 3,132 million). Result PDF