P I Industries lost 4.78% to Rs 845.25 at 09:25 IST on BSE after net profit declined 14.17% to Rs 80.65 crore on 10.51% rise in total income to Rs 553.83 crore in Q3 December 2017 over Q3 December 2016.
The result was announced on Saturday, 3 February 2018.Meanwhile, the S&P BSE Sensex was down 450.13 points or 1.28% at 34,616.62
On BSE, so far 1,942 shares were traded in the counter as against average daily volume of 14,465 shares in the past one quarter. The stock hit a high of Rs 870 and a low of Rs 826.35 so far during the day. The stock had hit a record high of Rs 1,035 on 9 January 2018. The stock had hit a 52-week low of Rs 674.15 on 11 August 2017.
The large-cap company has equity capital of Rs 13.79 crore. Face value per share is Re 1.
P I Industries' earnings before interest, taxation, depreciation and amortization (EBITDA) rose 1.5% to Rs 105 crore in Q3 December 2017 over Q3 December 2016.
Mayank Singhal, Managing Director & CEO, PI Industries said that Q3 December 2017 represented a resumption of growth in exports, complemented by excellent growth of some newly launched brands in India. Government of India's strong emphasis and focused initiatives to substantially increase the farm income is also expected to drive growth of agri-input industry in the coming years, Mayank Singhal said.
P I Industries focuses on complex chemistry solutions in agrisciences.
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