PI Industries Q4 FY26 results (Jan–Mar 2026) and concall

Chemicals · Concall AI · Call held 20 May 2026

Company page: PI Industries share price, financials & guidance record

P I Industries reported a resilient Q4 and full year FY26, with consolidated revenue of ₹6,713.7 crores and 25% EBITDA margins, despite a challenging global and domestic agrochemical market. The pharma business showed strong 40% growth, and new products are increasingly contributing to exports. The company is strategically investing in new growth platforms like NCEs, biologicals, and electronic chemicals, though these require longer gestation periods and have impacted asset turns.

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What they filed

Q4 FY26: revenue down 12.4%, net profit down 39.4% against the same quarter last year.

₹ Cr · quarterly

Line item	Q2 FY25	Q3 FY25	Q4 FY25	Q1 FY26	Q2 FY26	Q3 FY26	Q4 FY26
Revenue	2,221	1,901	1,787	1,900	1,872 −16%	1,376 −28%	1,565 −12%
Expenses	1,593	1,389	1,332	1,381	1,331	1,073	1,228
EBITDA	628	512	456	519	541 −14%	302 −41%	337 −26%
Margin	28%	27%	25%	27%	29%	22%	22%
Other income	123	76	75	89	85	172	74
Interest	8	8	8	4	3	6	4
Depreciation	80	99	90	96	98	105	107
Profit before tax	663	481	432	507	525 −21%	363 −25%	300 −31%
Tax rate	23%	22%	24%	21%	22%	14%	33%
Net profit	508	373	330	400	409 −19%	311 −17%	200 −39%
EPS	33.50	24.57	21.78	26.36	26.98	20.52	13.20

How to read this

₹ crore, as filed. The percentage beside a figure is the change against the same quarter a year earlier — never the quarter before, which would make every seasonal business look like it collapses and booms each year.

Inve summary of a publicly available earnings call transcript; see how call summaries are prepared. Not investment advice.

What they filed

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