PI Industries Reports Mixed Q2 Performance with Revenue Growth but Profit Decline
PI Industries, a leading agro-chemicals company, reported mixed Q2 results. Revenue slightly decreased to ₹17,526.00 million from ₹17,691.00 million in the previous quarter. However, net profit increased to ₹4,911.00 million from ₹4,643.00 million. Basic EPS improved to ₹32.36 from ₹30.61. Half-year results showed declines in both revenue and profit compared to the previous year. The company's performance reflects ongoing challenges and opportunities in the agrochemicals sector.

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PI Industries , a leading agro-chemicals company, has reported its financial results for the second quarter, showing mixed performance with revenue growth but a decline in profitability compared to the same period last year.
Financial Performance
The company's consolidated financial results for Q2 are as follows:
| Metric | Current Quarter | Previous Quarter | QoQ Change |
|---|---|---|---|
| Revenue | ₹17,526.00 | ₹17,691.00 | -0.93% |
| Net Profit | ₹4,911.00 | ₹4,643.00 | +5.77% |
| Basic EPS | ₹32.36 | ₹30.61 | +5.72% |
Key Highlights
Revenue Performance: PI Industries' revenue from operations reached ₹17,526.00 million in the current quarter, slightly lower than the ₹17,691.00 million reported in the previous quarter.
Profit Growth: The company reported a profit of ₹4,911.00 million for the current quarter, an increase from ₹4,643.00 million in the prior quarter.
Half-Year Results: For the half-year period, revenue decreased to ₹35,217.00 million from ₹41,432.00 million in the previous year, while profit declined to ₹9,554.00 million from ₹10,569.00 million.
Earnings Per Share: Basic earnings per share improved to ₹32.36 for the quarter, up from ₹30.61 in the previous quarter.
Business Segment and Operations
- PI Industries primarily operates in the agrochemicals manufacturing and distribution segment.
- Total expenses for the quarter amounted to ₹12,183.00 million.
Corporate Governance
The Board of Directors approved these unaudited standalone and consolidated financial results at their meeting.
Industry Context
The mixed performance of PI Industries reflects ongoing challenges and opportunities in the agrochemicals sector. While the company has shown quarter-on-quarter profit growth, the slight decline in revenue and the year-over-year decrease in half-yearly results indicate a complex operating environment.
Outlook
PI Industries' ability to improve profitability despite a marginal decrease in revenue suggests potential operational efficiencies. The company's performance in the coming quarters will be crucial to understand the sustainability of this trend and its strategies to navigate the current market conditions.
Investors and analysts will likely be watching closely for any guidance or forward-looking statements from PI Industries' management regarding their expectations for the full fiscal year and any strategic initiatives to drive growth and maintain profitability.
Historical Stock Returns for PI Industries
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| -1.07% | -0.93% | -5.34% | -11.93% | -16.00% | +45.56% |






































