Another striking feature of this qrtr. which missed my attention before is the 46 % reduction in debt levels to 133 cr. which will help to post even better net margins in remaining qrtrs....
This was the only concern financial fraternity had of high debt of 248 cr. which many analysts and fund managers pointed out in last concall... now that is reduced in a single qrtr. to 133 cr. which signals the seriousness of the management to address financial fraternity concerns and if management continues like this it will command much higher multiples on the bourses. Rgds. On Jul 27, 1:03 pm, mahesh <[email protected]> wrote: > Starting this new thread on PI Industries [NSE - PIIND ; BSE - 523642] > since in old thread unable to post updates.... > > Q1Fy12 Reslts announced link is given below : > > http://www.bseindia.com/xml-data/corpfiling/AttachHis/PI_Industries_L... > > Details pour in from press release ..... link attached below : > > http://www.bseindia.com/xml-data/corpfiling/AttachLive/PI_Industries_... > > -------------------------------------- > > Exact figures of each of the segments will be known shortly...... But, > as per initial calculation from the release it seems Agri-Input has > contributed around 125 cr. while rest 80 odd cr. has come from CSM > which is a very positive sign since CSM has to perform satisfactorily > this year and exponentialy grow next year once new plant gets > operational. > > 80 % growth in agri-input in Q1 again places PI way ahead of all other > listed players including bigger and smaller ones which will compel the > markets to give it the valuation at par with Rallis which again has a > sound business model with great visibility..... It seems that the > company must have benefited heavily from Nominne Gold and the new > product that was launched in Soyabean segment as both these crops have > seen higher acreages this year inspite of uneven rainfall.... > > 80 % growth in CSM segment is not surprising since last fiscal > actually it had a degrowth in same because of delivery issues.... > > All and all its a robust result since its led by agri-input business > and considering the fact that traditionally Q1 has been the leanest > qrtr. for PI in terms of topline of agri-input segment, its very well > possible that this fiscal PI might surpass Dhanuka and Insecticides in > terms of revenues of agri-input segment alone. > > Rgds. -- You received this message because you are subscribed to the Google Groups ""GLOBAL SPECULATORS"" group. To post to this group, send email to [email protected]. To unsubscribe from this group, send email to [email protected]. For more options, visit this group at http://groups.google.com/group/globalspeculators?hl=en.
