ECONOMY

PI Industries Q1 Review – Broadening Its Horizon With Active Pharma Ingredient Acquisition: Motilal Oswal

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PI Industries Ltd.’s operating performance during the quarter was impacted by one-time expenses pertaining to-

  1. Covid-19 management,

  2. consulting fees, and

  3. other costs related to various strategic projects.

Thus, despite this, the company reported Ebitda growth of 9% on the high base of last year.

PI Industries acquired the active pharma ingredient business division of lnd- Swift Laboratories Ltd. for Rs 15.3 billion, thereby marking its foray into the pharma segment.

The API business of Ind-Swift Labs has a diversified portfolio of 20 plus products, with a leadership position (global top five) in several of them, and a good research and development product pipeline.

Click on the attachment to read the full report:

Motilal Oswal PI Industries Q1FY22 Result Update.pdf

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