PI Industries Ltd. reported consolidated earnings results for the fourth quarter and full year ended March 31, 2013. For the quarter, the company reported net revenue showed strong improvement of 40.4% at INR 3,303.7 million following a larger share of growth from custom synthesis exports and complemented by steady performance in the domestic business despite the prevalent agro-climactic conditions. EBITDA stood at INR 448.9 million, up 15% year-on-year. Profit before tax was at INR 369.4 million. Net profit came in at INR 230.9 million, giving a Basic EPS of INR 1.82 per share. For the year, the company reported net sales of INR 11,484.30 million compared to INR 8,769.85 million a year ago. EBITDA showed a robust growth of 25% to INR 1,880.3 million year-on-year. Profit from operations before other income, finance costs and exceptional items was INR 1,588.99 million compared to INR 1,305.64 million a year ago. Profit from ordinary activities before tax was INR 1,450.15 million compared to INR 1,434.10 million a year ago. Profit from ordinary activities after tax was INR 973.415 million or INR 4.59 per diluted share compared to INR 1,035.918 million or INR 8.26 per diluted share a year ago.

PI Industries Ltd. reported unaudited standalone earnings results for the fourth quarter and audited standalone earnings results for the full year ended March 31, 2013. For the quarter, the company reported net sales of INR 3,286.90 million compared to INR 2,338.59 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 344.42 million compared to INR 328.64 million a year ago. Profit from ordinary activities before tax was INR 369.40 million compared to INR 313.31 million a year ago. Profit from ordinary activities after tax was INR 230.94 million or INR 1.80 per diluted share compared to INR 217.85 million or INR 1.73 per diluted share a year ago. For the year, the company reported net sales of INR 11,475.64 million compared to INR 8,749.696 million a year ago. Profit from operations before other income, finance costs and exceptional items was INR 1,578.247 million compared to INR 1,284.339 million a year ago. Profit from ordinary activities before tax was INR 1,437.47 million compared to INR 1,393.77 million a year ago. Profit from ordinary activities after tax was INR 1,005.42 million or INR 7.52 per diluted share compared to INR 973.42 million or INR 8.00 per diluted share a year ago.

PI Industries Ltd. announced that the Board of Directors in their meeting held on May 18, 2013, subject to shareholders approval, recommended payment of dividend of INR 1 per share (100%) to the equity shareholders for the fiscal year 2013.