PI Industries sales up 22% in FY 2015

PI Industries Limited (PI), a leading Indian Agri-Input and Custom Synthesis Company, posted an increase of 48% in sales to Rs 537 crore in the fourth quarter ended March 31, 2015. For the FY 2015, sales increased by 21.6% to Rs 1,939.7 crore Y-O-Y, mainly due to continued momentum from custom synthesis exports (23.5% growth) together with 19.1% improvement in domestic agri inputs.

Exports saw robust growth, as planned through H2, as commercialised molecules saw enhancement in deliveries. Domestic business performance leveraged the strength of the IPR-focused business model, superior product portfolio and ongoing efforts towards building sustainable brand positions. Performance was mainly driven by strong growth of new products launched in the last 2-3 years.

EBITDA during FY15 was at Rs. 370 crore, with corresponding margins of 19.1%, reflective of a 110 bps expansion YoY. Earnings are primed for sustainable level of growth reflective of the quality of operations.