PI Industries: Confident of achieving revenue growth of 20% for next few years

Date:02-09-2021

PI Industries is confident of achieving revenue growth of 20 percent for the next few years, said Mayank Singhal, vice chairman and managing director at the company on last Thursday. PI Industries reported its third quarter as exports went up 40 percent with pro-active raw material planning along with efficient capacity utilisation and domestic revenues increasing by 26 percent.

“We are looking at a 20 percent plus growth rate in the next coming years,” Singhal said.

“Margins, I will not say that they are maintainable, these are margins which have been exceptionally done because as we go through various products mix and various stages they come along. But we are getting the advantage of operating leverage which will continue to happen as the growth rates continues to be there.”

Singhal also said the company is evaluating pharma assets for acquisition.

“We have also expanded our horizons by entering into the specialty chemicals segment which is where we would see one of the products being commercialised in the coming quarters. We are in a process of evaluating pharma assets for acquisition and we are looking to come out with a different set of strategy. We are looking at the more of the higher end of the value chain which could be API or the advanced intermediate area.”

On revenue outlook from molecules, Singhal said, “In the next 2-3 years this is revenue contribution will be become a substantial part of the topline.”