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Earnings Call

PI Industries Earnings Call: Key Takeaways

PI Industries delivered FY26 revenue of ₹67,137M with 25% EBITDA margins. Management transitioned to an innovator-led model with the launch of its first homegrown NCE, Pioxaniliprole.

Why this was an Alfa AlertNot a filter event. Performance was in line with guidance ('delivered what we committed').
Highlights
Revenue growthFY26 revenue ₹67,137 million; Q4 showed sequential growth.
MarginsGross margin at 58%; EBITDA margin resilient at 25%.
Order bookCSM order book remains steady at $1.1-1.2 billion.
Demand visibilityExpect recovery in H2 FY27; domestic momentum tied to Kharif.
Management confidenceHigh confidence in NCE transition and Pharma CRDMO scale-up.

Growth

FY26 revenue at ₹67,137M; Pharma segment grew 40% YoY. Q4 revenue reached ₹15,652M with sequential growth.

Outlook

Guidance for positive FY27 growth led by NCE launch and Pharma scale-up. FY27 capex planned at ₹700-800cr.

Risks

Global AgChem downcycle, uneven recovery, Middle East conflict disruptions, and high channel inventory in domestic markets.

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
₹0.12 Cr
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Product Launch

PI Industries Product Launch

PI Industries received registration for its indigenously developed insecticide, 'Pioxaniliprole' (branded 'Pioxazon'), marking a key milestone in its agricultural innovation journey.