StocksMedium•5 November 2026•
1 min read
PI Industries Shares Plunge 16% to 52-Week Low Following 70% Profit Slump
Key Facts
1PI Industries reported a 70% year-on-year drop in net profit to Rs 122.2 crore for the September quarter.
2EBITDA margins contracted significantly to 14% from 29% in the corresponding quarter last year.
3The company's shares plunged as much as 16.28% to hit a 52-week low following the earnings release.
PI Industries reported a 70% year-on-year drop in net profit to Rs 122.2 crore for the quarter ended September. Business Today reported that the company's shares plunged as much as 16.28% to hit a 52-week low following the earnings release, as revenue fell 9% to Rs 1,701.8 crore.
The company's operating performance weakened significantly, with EBITDA margins contracting to 14% from 29% in the corresponding quarter last year. EBITDA declined 57% to Rs 236.2 crore, and the stock maintained a sharp bearish trajectory during trading on November 5, 2026.