PI Industries Ltd.

NSE: PIIND | BSE: 523642 | ISIN: INE603J01030 |Industry: Agrochemicals
|Expensive Star
2197.20 39.05 (1.81%)
NSE Oct 30, 2020 15:31 PM
Volume: 533.0K

PI Industries Ltd.    
09 Jun 2020
Prabhudas Lilladhar
PI reported subdued results because COVID largely led to higher than anticipated revenue decline (Revenue impact- Rs 1 bn, EBITDA- Rs 220 mn) coupled with lower other income (down 69% YoY). COVID related revenue loss is likely to recoup in Q1FY21. Both domestic and CSM businesses continue to do well with robust demand for key existing molecules (Bispyribac Sodium, Osheen, etc), new launches, entry into pharma value chain, new client additions and ramp up of molecules & facilities...
Number of FIIs/FPIs holding stock rose by 85 to 315 in Sep 2020 qtr.
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