PI Industries: Reaping gains from sustained growth across businesses

A strong beat in December quarter (Q3) results, announced on Tuesday evening, boosted investor sentiment towards PI Industries. Its stock jumped 11.5 per cent in intra-day trade before closing nine per cent up on Wednesday. Robust demand, plans to expand operations through acquisitions and new product launches are seen driving growth momentum for the agro-chemicals maker. The company reported better-than-expected results in Q3 aided by strong growth across its business verticals.  Revenue rose 37 per cent year-on-year to Rs 1,162 crore, beating consensus estimate of Rs 1,084 cro.....

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