ALFA Finder
The call ran from 12:01 PM to 1:00 PM IST (59 min).
Key takeaways
PI Industries faces severe headwinds in its core AgChem export business, masking strong domestic and biological growth.
| Management target | Revenue FY27 |
|---|
| Revenue growth | 9% decline YoY; domestic growth offset by sharp AgChem export fall. |
|---|---|
| Margins | Gross margins at 49%; impacted by high input costs and pricing. |
| Order book | Order book stands at $1.25 billion; subject to contract value fluctuations. |
| Demand visibility | Subdued globally; domestic rabi depends on reservoir levels and monsoon tail. |
| Management confidence | Cautious; pivoting to 'pragmatic pricing' to hold market share in cycles. |
Growth
Domestic AgChem grew 19% and Biologicals 45%; however, consolidated revenue declined 9% due to export pricing pressure.
Outlook
Management expects a 'flattish' FY27 revenue, targeting $100 million in specialty electronics revenue within 3-4 years.
Risks
Pricing pressure from generics and high inventory costs; El Niño impacts domestic kharif and rabi outlook.
Summary by ALFA Finder, written with AI assistance from our own recording of the call, published . Open it on ALFA Filings ›
The results behind this call
PI Industries Q2 FY27 Results: Net Profit ₹122.2 Cr, Down 70.1% YoY
PI Industries Ltd reported revenue from operations of ₹1,702 Cr (-9.1% YoY) and net profit of ₹122.2 Cr (-70.1% YoY) for Q2 FY27.
- Key figure
- Net profit ₹122.2 Cr · -70.1% YoY
What management said last time
Full summary →From the call summary published .
Outlook they gave
Management maintains low single-digit revenue growth guidance for FY27, banking on a H2 recovery and a $1.2 billion order book.
Growth they described
Q1 Revenue at INR 17,023 million; domestic business grew 3% in revenue with 12% volume growth, offset by an 8% volume decline in exports.
Call details
| Company | PI Industries Limited |
|---|---|
| NSE symbol | PIIND |
| ISIN | INE603J01030 |
| Call | Q2 FY27 earnings call |
| Date | Thursday, 5 November 2026 |
| Time | 12:00 PM IST |
| Length | 59 min |
| Audio | Our stream on YouTube ↗ |
PI Industries Limited: key numbers
- Share price
- ₹1,761.00
- Market cap
- ₹26,718 Cr
- Revenue (annual)
- ₹6,714 Cr
- Net profit (annual)
- ₹1,321 Cr
- P/E (TTM)
- 30.4×Sector 35.5×
- Promoter holding
- 46.09%+0.00% QoQ
- FII holding
- 14.79%Current quarter
Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.
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