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Earnings Call Transcript

PI Industries Earnings Call Transcript: Key Takeaways

PI Industries faces severe headwinds in its core AgChem export business, masking strong domestic and biological growth.

PI Industries Q2 FY27 concall: date, live audio and summaryConcall page →
Guidance and delivery
Management target Revenue FY27
Highlights
Revenue growth9% decline YoY; domestic growth offset by sharp AgChem export fall.
MarginsGross margins at 49%; impacted by high input costs and pricing.
Order bookOrder book stands at $1.25 billion; subject to contract value fluctuations.
Demand visibilitySubdued globally; domestic rabi depends on reservoir levels and monsoon tail.
Management confidenceCautious; 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.

Source

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

Read the document ↗

PI Industries Ltd: 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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