Piccadily Agro Industries Q1 Results Improved Earnings and Revenue

Piccadily Agro Industries Q1 Results: Piccadily Agro Industries’ financial results show how the company performed in the first quarter of June 2024 compared to previous periods. The table indicates the company’s total revenue was ₹208.38 crores, which is slightly higher than the previous quarter’s revenue of ₹207.91 crores, indicating a positive change in the quarter-on-quarter (QoQ) performance. However, this revenue is lower than the ₹228.94 crores from the same quarter last year, marking a decrease year-over-year (YoY).

Piccadily Agro Industries’ selling, general, and administrative expenses decreased from ₹19.89 crores in March 2023 to ₹8.36 crores in June 2024, which is good for the company's cost management. Other operating expenses also rose slightly from ₹39.91 crores YoY to ₹42.19 crores this quarter, which shows some increase in costs.

Piccadily Agro Industries’ operating income improved significantly from ₹10.94 crores in March 2023 to ₹23.07 crores this quarter, reflecting strong performance QoQ. The net income also saw a jump from ₹4.72 crores last year to ₹13.07 crores this year, showing a strong year-over-year (YoY) increase, demonstrating the company's growing profitability and effective management.

Here are the Q1 financial results for Piccadily Agro Industries, presented in a simple format:

(All figures in crores except per share values)

Source: Here 

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Piccadily Agro Industries Q1 Results

Piccadily Agro Industries table presents the financial performance over four specific dates: June 30, 2024; March 31, 2024; June 30, 2023; and March 31, 2024. The first section shows the company's revenue from operations, which includes gross sales and other operating revenue. The total revenue from operations decreased from ₹28,459.10 million in March 2024 to ₹20,838.08 million in June 2024. However, the overall income, which includes other income, also fell from ₹28,520.28 million to ₹20,899.67 million during the same period.

Piccadily Agro Industries’ Total expenses decreased significantly from ₹22,560.63 million in March 2024 to ₹18,892.11 million in June 2024. Despite lower revenue, the company reported a profit before tax of ₹2,007.51 million for June 2024, indicating a positive financial position. The profit after tax for June 2024 was ₹1,429.70 million, down from ₹4,350.43 million in March 2024. Finally, the earnings per share (EPS) for basic and diluted shares remained consistent at ₹1.52 for June 2024, showing that the company continues to provide value to its shareholders.

Here’s a summary of the unaudited standalone financial results for Piccadily Agro Industries for the quarter ended June 30, 2024:

(All figures in Rs. in lakhs, except for Earnings per Share)

Piccadily Agro Industries Financial 

Piccadily Agro Industries is a company in India that operates in the agriculture sector. It has a market capitalization of ₹6,811 crore, which shows the total value of its shares. The current stock price is ₹722, with a high of ₹911 and a low of ₹176 in recent times. The stock's price-to-earnings (P/E) ratio is 76.8, indicating how much investors are willing to pay for each unit of earnings. The book value per share is ₹36.0, and the company offers no dividends to shareholders.

Here’s the financial data you provided in a table format:

Quarterly Results 

Piccadily Agro Industries reported its quarterly results for December 2023, March 2024, and June 2024. In December 2023, the company had sales of Rs. 178 crores and a net profit of Rs. 44 crores, showing a strong performance. By March 2024, sales increased to Rs. 269 crores, and the net profit remained high at Rs. 43 crores, indicating good growth. However, in June 2024, sales decreased to Rs. 196 crores, and net profit dropped to Rs. 13 crores, suggesting a decline. 

Here are the quarterly results for December 2023, March 2024, and June 2024 with the respective particulars:

(Consolidated Figures in Rs. Crores)

About Piccadily Agro Industries 

Piccadily Agro Industries is a public company that was started in 1994. It is the largest independent maker and seller of malt spirits in India. Besides malt spirits, PAIL also produces several other products, including ethanol, extra neutral alcohol (ENA), carbon dioxide (CO2), and white crystal sugar. The company plays an important role in the agro-industrial sector and contributes to the economy by supplying these essential products. With its commitment to quality and innovation, Piccadily Agro Industries continues to grow and expand its operations, serving various markets both in India and abroad.