P I Industries' Q2 FY 2025-26 Quarterly Results

Result Summary

• P I Industries Ltd reported a 1.6% quarter-on-quarter (QoQ) decrease in its consolidated revenues for the quarter-ended Sep (Q2 FY 2025-26). On a year-on-year (YoY) basis, it witnessed a decline of 16.6%.
• Its expenses for the quarter were down by 3.3% QoQ and 15.3% YoY.
• The net profit increased 2.3% QoQ and decreased 19.5% YoY.
• The earnings per share (EPS) of P I Industries Ltd stood at 26.98 during Q2 FY 2025-26.

Financial Statments for Q2 FY 2025-26

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Data Source: BSE, Company announcements The securities quoted are exemplary and are not recommendatory. Past performance is not indicative of future results

Company Overview

P I Industries Ltd is a prominent player in the agrochemical industry, primarily engaged in the manufacturing and distribution of plant protection products and specialty plant nutrients. The company's portfolio includes a range of insecticides, fungicides, herbicides, and acaricides aimed at improving crop yield and protecting against pests and diseases. P I Industries is known for its strong research and development capabilities, which drive innovation and the introduction of new product offerings. Additionally, the company has been involved in strategic collaborations and partnerships to expand its market reach and enhance its technological capabilities. Specific recent developments related to the company's operations or strategic initiatives are not available from the data provided.

Revenue

For the second quarter of the fiscal year 2026 (Q2FY26), P I Industries Ltd reported a total income of ₹1954.80 crores, which signifies a decrease of 1.6% when compared to the previous quarter (Q1FY26), where the total income stood at ₹1986.40 crores. On a year-over-year basis, the total income declined by 16.6% compared to the same quarter in the previous fiscal year (Q2FY25), where the total income was ₹2343.20 crores. This reflects a notable reduction in revenue generation, showcasing a downward trend both quarterly and annually.

Profitability

In Q2FY26, P I Industries Ltd recorded a profit before tax of ₹523.20 crores, which represents a quarterly increase of 3.7% from ₹504.60 crores in Q1FY26. However, when compared to Q2FY25, where the profit before tax was ₹662.10 crores, there is a year-over-year decline of 21.0%. The tax expense for Q2FY26 was ₹116.00 crores, reflecting an 8.0% increase from the previous quarter's tax of ₹107.40 crores, but a 25.0% decrease from the tax expense of ₹154.60 crores in Q2FY25. Consequently, the profit after tax in Q2FY26 was ₹409.30 crores, which is a 2.3% increase from Q1FY26's ₹400.00 crores, yet a 19.5% decrease from the previous year's Q2FY25 figure of ₹508.20 crores. Earnings per share (EPS) for Q2FY26 were ₹26.98, reflecting a 2.4% increase from Q1FY26's EPS of ₹26.36, but a 19.5% decrease from Q2FY25's EPS of ₹33.50.

Operating Metrics

The total expenses for P I Industries Ltd in Q2FY26 amounted to ₹1424.30 crores, marking a decrease of 3.3% compared to Q1FY26's expenses of ₹1473.30 crores. Year-over-year, there was a 15.3% reduction in total expenses from ₹1681.10 crores in Q2FY25. These figures indicate a reduction in the cost of operations over both quarterly and annual assessments. Although specific operating metrics like production volumes, capacity utilization, or segment-specific performance are not provided, the financial data highlights a focus on managing expenses effectively amidst declining revenues.