Pilani Investment & Industries Corporation Limited has issued clarifications to stock exchanges following inquiries from both the National Stock Exchange of India Limited (NSE) and BSE Limited regarding increased trading volume in the company's shares.

Response to Exchange Inquiries

The company received multiple exchange communications regarding the surge in trading activity. The NSE inquiry was dated December 17, 2025, while BSE Limited sent a letter on December 18, 2025. In its comprehensive response dated December 18, 2025, Pilani Investment and Industries Corporation Limited confirmed that it has made all necessary disclosures pursuant to Regulation 30 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015, well within the stipulated timeframes.

The company stated that no information or announcement is pending that may have a bearing on its operations, performance, or any price-sensitive information that could affect price or volume behavior in the scrip.

Market Activity and Company Position

The company acknowledged observing a spurt in the price and volume of its shares over recent days but indicated that no specific reasons are known to the management. The company attributed this activity to various market influencing factors and stated it is unable to comment on the same.

Promoter Group Trading Activities

The company disclosed recent promoter group trading activities that received pre-clearance approval:

Regulatory Compliance and Company Details

Pilani Investment and Industries Corporation Limited emphasized its commitment to regulatory compliance, stating that the company has always complied with disclosure requirements under the Listing Regulations and will continue to abide by the same standards.

Pilani Investment & Industries Corporation Limited, a prominent player in the investment and financing sector, has reported a mixed set of financial results for the second quarter. The company saw a significant increase in revenue but experienced a decline in net profit compared to the same period last year.

Revenue Surge

For the quarter ended September 30, Pilani Investment reported a total revenue from operations of Rs 12,947.49 lakhs, marking a substantial increase from Rs 12,282.66 lakhs in the corresponding quarter of the previous year. This 5.4% year-on-year growth was primarily driven by a notable rise in dividend income, which jumped to Rs 7,604.45 lakhs from Rs 6,121.27 lakhs in the same quarter of the previous year.

Profit Decline

Despite the revenue growth, the company's consolidated net profit for the quarter decreased to Rs 4,471.47 lakhs, down from Rs 7,769.74 lakhs in the same quarter last year, representing a 42.4% decline. This reduction in profit can be attributed to several factors, including increased finance costs and a loss from its associate company.

Key Financial Highlights

Expense Analysis

The company's total expenses for the current quarter stood at Rs 6,017.27 lakhs, a significant increase from Rs 2,149.16 lakhs in the same quarter of the previous year. This surge in expenses was largely due to:

1. Higher finance costs of Rs 3,886.51 lakhs, up from Rs 1,949.55 lakhs in the previous year.
2. A net loss of Rs 1,615.11 lakhs on derecognition of financial instruments under amortized cost category.

Balance Sheet Strength

As of September 30, Pilani Investment's consolidated total assets stood at Rs 20,77,978.80 lakhs, showing growth from Rs 19,31,729.90 lakhs as of March 31. The company's net worth increased to Rs 16,99,228.89 lakhs, up from Rs 15,98,008.67 lakhs at the end of the previous fiscal year.

Debt Position

The company's debt-to-equity ratio stood at 0.13 times as of September 30, indicating a conservative leverage position. Pilani Investment maintains strong credit ratings of CARE A1+ and CRISIL A1+ for its short-term instruments, reflecting its robust financial health.

Conclusion

Pilani Investment & Industries Corporation Limited's quarterly results present a mixed picture. While the company has shown strong revenue growth, particularly in dividend income, the decline in net profit highlights the challenges faced during the quarter. The increased expenses, especially in finance costs, have impacted the bottom line. However, the company's strong balance sheet and conservative debt position provide a solid foundation for future growth and stability in the dynamic investment and financing sector.