PI Industries Q2 Update: Revenue at ₹1,872.3 Crore, Profit Drops 19.4% to ₹409.3 Crore

PI Industries reported its financial results for the quarter ended September 2025, showing a year-on-year decline in both revenue and profit. The company posted a consolidated revenue of ₹1,872.3 crore, down 15.7% from ₹2,221 crore recorded during the same period last year. The moderation in revenue was largely due to a decline in the Agro Chemical segment, which continues to account for the majority of its business operations.

Profit Declines as Operating Income Softens

For the second quarter, the company’s net profit stood at ₹409.3 crore, representing a 19.4% fall compared to ₹508.2 crore reported in the same quarter a year ago. The decline in profit reflected the impact of lower sales volumes and changing product mix. Despite the dip, operational performance remained steady, supported by effective cost management and strong execution.

EBITDA Margins Show Slight Improvement

Earnings Before Interest, Tax, Depreciation, and Amortisation (EBITDA) came in at ₹541.3 crore, about 13.8% lower than the ₹628.4 crore recorded last year. However, EBITDA margins showed a mild improvement, rising by 60 basis points to 28.9% from 28.3% a year earlier. This improvement was primarily attributed to lower finance costs and a balanced approach to operating expenditure.

Agro Chemical and Pharma Segment Performance

The company’s Agro Chemical business, which contributes significantly to its revenue, reported a decline to ₹1,809 crore compared to ₹2,179 crore a year ago. This drop was due to lower demand in some international markets and a slowdown in exports. On the other hand, the Pharma business reported a rise in revenue to ₹63 crore from ₹41 crore, marking continued progress in diversification efforts.

P I Industries Share Price Update and Financial Indicators

As of November 11, 2025, 4:01 PM, P I Industries Share Price stood at ₹3,763, down 1.45% on the day. The company’s market capitalisation was ₹57,098 crore, with a 52-week high of ₹4,648 and a low of ₹2,951. 

The stock trades at a price-to-earnings (P/E) ratio of 35.4 and has a book value of ₹669. The firm’s return on capital employed (ROCE) stood at 22.9%, while return on equity (ROE) was 17.6%, reflecting consistent operational strength.

Read More:PI Industries Partners With C-CAMP To Launch Biocontrol Solutions

Conclusion

PI Industries’ Q2 performance reflected the challenges in the agro-chemical market, with lower revenue and profit compared to last year. However, stable margins, a growing Pharma segment, and a steady financial position indicate that the company remains on track to navigate changing industry dynamics effectively.

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