PI Industries Q1 FY 2026-27 Profit Dropped 39% As Agrochemical Revenue Weakened
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PI Industries reported a 39% year-on-year profit decline in Q1 FY27. The performance was weighed down by weaker agrochemical sales and continued losses in its pharmaceutical business.
PI Industries reported a 39% year-on-year decline in consolidated profit for the quarter ended 30 June 2026, as weaker agrochemical sales and continued losses in its pharmaceutical business weighed on performance.
The Gurugram-based company posted consolidated profit after tax (PAT) of ₹244.2 crore for the June quarter, compared with ₹400 crore in the corresponding period last year.
Revenue from operations declined 10.4% year-on-year to ₹1,702.3 crore from ₹1,900.5 crore. Earnings before interest, taxes, depreciation, and amortisation (EBITDA) fell 29.2% to ₹367.4 crore, compared with ₹519.1 crore a year earlier.
As a result, the EBITDA margin contracted to 21.6% from 27.3% in the year-ago quarter.
Profit And Revenue Improved Sequentially
Despite the year-on-year decline, PI Industries recorded an improvement in performance compared with the March quarter.
Consolidated PAT increased 21.98% quarter-on-quarter from ₹200.2 crore, while revenue from operations rose 8.76% from ₹1,565.2 crore.
Total expenses stood at ₹1,446.5 crore in the June quarter, up from ₹1,338.7 crore in the previous quarter. The figure was ₹1,481.8 crore in the same quarter last year.
Agrochemical Business Witnessed Revenue Decline
The company's agrochemical segment generated revenue of ₹1,648.8 crore during the quarter, down from ₹1,828.7 crore a year earlier. However, revenue was higher than the ₹1,461.2 crore reported in the March quarter.
Profit before tax from the agrochemicals business fell to ₹383.5 crore from ₹565.6 crore in the corresponding quarter last year.
The pharmaceutical segment remained under pressure. Revenue declined to ₹54.2 crore from ₹72.3 crore a year earlier and ₹104.8 crore in the March quarter.
The segment reported a loss before tax of ₹81.6 crore, compared with a loss of ₹76 crore in the year-ago period.
Board Approved PI Foundation
Separately, the company's board approved the incorporation of PI Foundation, subject to the availability and approval of the name by the Registrar of Companies.
The proposed not-for-profit organisation will undertake the company's corporate social responsibility initiatives in accordance with Section 135 and Schedule VII of the Companies Act.
PI Industries will hold 100% of the entity either directly or indirectly. The initial subscription towards its share capital will be ₹1 lakh.
PI Industries Share Price
PI Industries shares closed at ₹2,730 on 11 August, declining 0.78% from the previous session's close on the National Stock Exchange.
The stock has gained 4.70% over the past month but has fallen 2.85% over the past week. On a year-to-date basis, the shares are down 15.19%.
Over the past year, PI Industries’ share price has declined by 28.87%.
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