PI Industries Limited has informed the Exchange about Presentation of Earnings Conference Call pertaining to the Unaudited Financial Results for the quarter and nine months ended December 31, 2025.
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PI Industries reported weak Q3 FY26 results with consolidated revenue falling 28% YoY to INR 13,757 Mn and EBITDA declining 41% to INR 3,027 Mn, mainly due to a ~32% drop in Agchem Exports from customer delivery phasing. EBITDA margin contracted sharply to 22% from 27% a year ago, though gross margin expanded 631 bps to 59% on a better product mix. Net profit was down 16% YoY at INR 3,113 Mn, boosted by a one-time INR 1,260 Mn writeback of contingent consideration. For 9M FY26, revenue fell 17% to INR 51,485 Mn and EBITDA declined 21% to INR 13,680 Mn. The Board declared an interim dividend of Rs 5 per share. Capex stood at INR 7,225 Mn for 9M, and the company remains debt-free with surplus cash of INR 35,066 Mn.
The sharp Q3 decline reflects timing issues rather than demand loss, and management has guided for sequential growth in Q4 FY26 on committed customer orders, which should support a near-term recovery. However, persistent pricing pressure in the generic segment and weak domestic demand may keep margins under pressure in the near term, while new product launches and a 20+ product pipeline offer longer-term growth optionality.