PI Industries is doing very well today morning, with the stock price rising 9% to Rs.913.70. Its 52-week high stands not too far at Rs.930.
The market is pretty pleased with the company’s performance for Q3FY19 as it has beaten all estimates. Its revenue for the quarter rose 31.5% (YoY) at Rs.707 crore with net profit at Rs.107 crore, up 33%.
EBITDA was up 42% at Rs.149 crore while margins showed a healthy rise of 152 bps to 21% from 19.5%.