Agrochemicals company PI Industries announced Q2FY23 results: Q2FY23: Overall 31% YoY revenue growth 29% growth in Exports on a higher base Led by volume growth of 25%, favorable price and currency of 4% 36% growth in Domestic mainly driven by: Volume growth of 31% and price increase of 5% Newly launched brands contributing to significant revenue growth Trend of rising input costs and passthrough continued both in exports and domestic during Q2 EBITDA margin improved on account of favorable product mix and operating leverage 46% increase in PAT attributable to EBITDA growth and despite higher depreciation and ETR H1FY23: 30% YoY revenue growth 34% growth in exports over a high base mainly on account of increase in revenue of existing products 19% growth in Domestic segment Strong Kharif season - recovery in Q2FY23 Newly launched brands such as Distruptor, Brofreya, Sectin, Provide, Dinoace getting good traction and acceptance Trend of rising input costs and passthrough continued both in Exports and Domestic during H1 Favorable product mix and significant increase in operating leverage reflected in improvement in EBITDA margin to 24% Net profit improved by 43% YoY due to EBITDA growth, despite higher ETR Result PDF