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PI Industries’ sanguine outlook brings relief to investors

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₹100 crore during to covid-19 in March quarter. As a result, operating earnings during the quarter fell by ₹22 crore.Revenues in the domestic business dropped 12%, due to delays in product placements. “Domestic revenue was subdued due to product positioning plans getting impacted by this disruption," the company said in a statement.

Exports, on the other hand held up, growing 12% from the year ago quarter.The drop in revenues notwithstanding, profit margins expanded 24 basis points from the year ago to 22% last quarter, possibly because of a better product mix.The company sees strong business prospects, given that conditions for the kharif crop season are favorable and industry data indicate healthy sales of agriculture inputs in the last.

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United States
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Cases: 46 252 513
Deaths: 750 423
Recovered: 0
India
India
Cases: 34 321 025
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Recovered: 0
Brazil
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Deaths: 608 235
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United Kingdom
United Kingdom
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Deaths: 141 607
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Russia
Russia
Cases: 8 494 589
Deaths: 237 619
Recovered: 0
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Covid-19.rehab - the latest news concerning the spread of the SARS-CoV-2 coronavirus (formerly 2019-nCoV), as well as the infectious disease that it causes COVID-19, in separate countries and in the world as a whole. Current news on the topic of coronavirus SARS-CoV-2. Quarantine, pandemic 2020, epidemic: what is it, when will it come to end, precautions and how to protect yourself from this disease. The most honest news, no fakes! To keep up with the latest news, stay tuned for updates on the site! Every day we will collect news and statistics on coronavirus from around the world for you to be aware of this topic.

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