Earnings Review
PI Industries Q3 PAT dn 34% YoY, misses Street's estimates
This story was originally published at 20:21 IST on 12 February 2026
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--PI Ind Oct-Dec net profit INR 2.82 bln
--Analysts saw PI Ind Oct-Dec net profit INR 3.11 bln
--PI Ind interim dividend record date Feb 23
--Analysts saw PI Ind Oct-Dec revenue INR 16.40 bln
--PI Ind Oct-Dec net profit INR 2.82 bln vs INR 4.24 bln year ago
--PI Ind Oct-Dec revenue INR 12.70 bln vs INR 17.80 bln year ago
--PI Ind to pay INR 5 per share interim dividend
--PI Ind interim dividend record date Feb 23
--PI Ind Oct-Dec new labour codes implementation cost INR 206 mln
--PI Ind Apr-Dec net profit INR 12.37 bln vs INR 14.81 bln year ago
--PI Ind Apr-Dec revenue INR 47.91 bln vs INR 59.23 bln year ago
By Diksha Tripathy
MUMBAI – PI Industries Ltd. Thursday reported a sharp decline in its net profit for the December quarter owing to a sharp fall in the company's net sales.
The company's net profit was INR 2.82 billion for the December quarter, down nearly 34% on year. Sequentially, the company's net profit declined nearly 43%. Analysts had expected the net profit to be INR 3.11 billion for the December quarter.
The company's net revenue declined sharply to INR 12.70 billion, down nearly 29% on year, for the December quarter. This is below the analysts' expectation of INR 16.40 billion. Sequentially, the net revenue declined nearly 28%.
The company declared an interim dividend of INR 5 per share, with Feb. 23 as the record date.
The company's total expenses for the December quarter declined nearly 25% on year to INR 9.80 billion. PI Industries incurred a one-time cost of INR 206 million for implementation of the new labour codes in the Oct-Dec period.
For the Apr-Dec period, the company's net profit was INR 12.37 billion, down over 16% on year. Meanwhile, the revenues for the Apr-Dec period were down over 19% to INR 47.91 billion.
Thursday, shares of the company closed nearly 2% down at INR 3,222.30 on the National Stock Exchange. The company announced its quarterly results post market hours. End
Edited by Deepshikha Bhardwaj
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