PI Industries Limited has informed the Exchange that Board of Directors at its meeting held on February 12, 2026, declared Interim Dividend of Rs. 5 per equity share.
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On the reaction day the stock moved 1.8 pts more than Nifty Midcap 150 and 1.7 pts more than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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PI Industries' board, at its February 12, 2026 meeting, declared an interim dividend of Rs. 5 per equity share (500% on face value of Re. 1) for FY26. The record date is February 23, 2026, and the dividend will be paid on or before March 13, 2026. The board also approved unaudited Q3 FY26 results, which showed a sharp sequential and YoY decline. Standalone revenue from operations fell to Rs. 12,696 Mn in Q3 FY26 from Rs. 17,798 Mn in Q3 FY25 (down ~29% YoY), while standalone PAT dropped to Rs. 2,816 Mn from Rs. 4,238 Mn, partly hit by a Rs. 206 Mn exceptional loss from the new Labour Codes. On a consolidated basis, PAT was Rs. 3,113 Mn (vs. Rs. 3,727 Mn YoY), though this was supported by a Rs. 1,051 Mn one-time exceptional gain from a write-back of contingent consideration related to the PI Health Sciences acquisition.
The sizeable YoY decline in both standalone revenue and profit points to weakness in the core agrochemical business, which may weigh on the stock. However, the continuation of the Rs. 5 interim dividend reassures investors of steady shareholder returns despite the operational slowdown.