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Informist, Tuesday, Aug. 11, 2026

 

--PI Ind Apr-Jun consol net profit INR 2.44 bln 

--Analysts saw PI Ind Apr-Jun consol net profit at INR 2.89 bln 

--PI Ind Apr-Jun consol revenue INR 17.02 bln 

--Analysts saw PI Ind Apr-Jun consol revenue at INR 17.42 bln 

--PI Ind Apr-Jun consol net profit INR 2.44 bln vs INR 4.00 bln year ago 

--PI Ind Apr-Jun consol revenue INR 17.02 bln vs INR 19.01 bln year ago 

--PI Ind Q1 consol agrochemicals sales INR 16.49 bln vs INR 18.29 bln yr ago 

--PI Ind Apr-Jun consol pharma revenue INR 542 mln vs INR 723 mln year ago 

 

By Gunjan Rajput

NEW DELHI – PI Industries Ltd. Tuesday posted a sharp year-on-year fall in consolidated net profit for the June quarter as total expenses declined slower than revenue from operations. The top line fell moderately for the three months, due to a year-on-year decline across both segments. Both the bottom line and the top line missed the Street's expectations for the quarter.

 

PI Industries' consolidated net profit declined year-on-year for the seventh quarter in a row, while revenues dipped for the fifth consecutive quarter.

 

The company's consolidated net profit fell nearly 39% on year to INR 2.44 billion, and came in below analysts' consensus estimate of INR 2.89 billion. The company's consolidated revenue declined over 10% on year to INR 17.02 billion, also missing the Street's expectation of INR 17.42 billion. The company's agrochemicals sales fell to INR 16.49 billion from INR 18.29 billion a year ago, while pharma revenue declined to INR 542 million from INR 723 million.  

Total income of PI Industries declined over 11% on year to INR 17.66 billion and other income declined over 25% on year to INR 641 million. The company's total expenses declined over 2% on year to INR 14.47 billion for the reporting quarter. Within this, cost of raw materials consumed declined nearly 10% on year to INR 6.82 billion, while other expenses rose marginally to INR 3.32 billion. Expenses tied to employee benefits rose over 12% on year to INR 2.61 billion, and expenses related to depreciation and amortisation increased over 7% on year to INR 1.04 billion. 

Separately, PI Industries plans to incorporate a wholly-owned not-for-profit entity, PI Foundation, to undertake corporate social responsibility activities. The foundation is proposed to be incorporated in India and will have an initial share capital subscription of INR 100,000 in cash, with PI Industries holding 100% of the entity directly or indirectly.