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Earnings Call

PI Industries Earnings Call: Key Takeaways

PI Industries reported FY26 revenue of ₹67,137 Mn, down 16% YoY, and PAT of ₹13,208 Mn, down 20%, amid a global agrochemical downcycle.

Why this was an Alfa AlertNot a filter event. Performance was a decline YoY and EBITDA margins (25%) were in line with prior guidance.
Highlights
Revenue growth-16% YoY for FY26; Q4FY26 -12% YoY.
MarginsFY26 EBITDA margin at 25%, meeting guidance despite top-line pressure.
Order bookContinues to support growth outlook for FY27.
Demand visibilityStrong order book; cautious optimism for H2FY27.
Management confidencePositive for FY27 growth despite cyclical volatility.

Growth

FY26 Revenue fell 16%, EBITDA dropped 22%, and PAT decreased 20%. Q4FY26 revenue saw a 12% decline YoY.

Outlook

Positive FY27 outlook with 5+ new molecules for launch; FY26 capex was ₹11,508 Mn; Pharma revenue grew 40%.

Risks

Global agrochemical industry contraction, lower crop prices, adverse weather, and elevated market inventory levels in the domestic segment.

Source

Earnings Call filed with NSE, NSE: PIIND. Summary written with AI assistance from the document.

Read the document ↗

PI Industries Ltd: key numbers

Share price
₹2,400.00
Market cap
₹36,412 Cr
Revenue (annual)
₹6,714 Cr
Net profit (annual)
₹1,321 Cr
P/E (TTM)
31.3×Sector 37.5×
Promoter holding
46.09%+0.00% QoQ
FII holding
14.83%Current quarter

Reference market data from a third-party provider, updated daily. Not a valuation or a recommendation.

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Value
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