PI Industries Q4 net profit rises 92.7 pc

MUMBAI: Agri-inputs company PI Industries Ltd today reported a 92.7 per cent jump in the net profit for the quarter ended March 21, 2011 to Rs 20.38 crore.

The company had registered a net profit of Rs 10.58 crore in the same period last year, Rajasthan-based PI Industries Ltd said in a filing to the Bombay Stock Exchange.

"Both our core business, agri-input as well as synthesis have performed extremely well on the back of robust agricultural demand and a strong order book position," the company's Chairman Salil Singhal said in a statement.

For the year ended March 31, 2011, the company's profit rose by 56.6 per cent to Rs 64.12 crore from Rs 40.94 crore in the last year.

Income from the operations rose by 32.7 per cent to Rs 718.57 crore in the 2010-11 fiscal from Rs 541.49 crore in the year-ago period, it added.

The Board of directors of the company has recommended a dividend of Rs 4 per share (40 per cent) for the year ended March, 2011. The board has also approved a two-for-one stock split, it said.