Despite the overall confident trend in the Indian stock market on Thursday, a significant decline was noted in one of the popular stocks. Shares of PI Industries Limited plummeted by 16.28 percent during trading, reaching Rs 1,830.90, which was the lowest level in 52 weeks.
The reason for this sharp fall was the company's publication of the earnings report for the September quarter (Q2 FY27), which recorded a substantial drop in profit. Before the news broke, the shares were trading at Rs 1,812 per share, showing a decline of 17.15% and leading to a year-to-date (YTD) loss of 43.71 percent.
High activity was observed on the day of trading: 3.17 lakh shares were traded on the BSE, significantly exceeding the average volume over two weeks, which was 67,000 shares. The total turnover amounted to Rs 59.86 crore, and the company's market capitalization (m-cap) was valued at Rs 28,302.26 crore.
PI Industries reported that consolidated net profit in Q2 FY27 decreased by 70% compared to the same period last year, amounting to Rs 122.2 crore versus Rs 409.3 crore the previous year.
There was also a serious decrease in operating revenue: it fell by 9% in Q2 FY27, reaching Rs 1,701.8 crore compared to Rs 1,872.3 crore in the second quarter of FY26. Operating efficiency also weakened, as Earnings Before Interest, Taxes, Depreciation, and Amortization (EBITDA) shrank by 57% year-on-year, totaling Rs 236.2 crore against Rs 543.4 crore the previous year.
The EBITDA margin decreased from 29% last year to 14% in the current quarter. Furthermore, the company's gross margin reduced to 49% in Q2 FY27. Exports of agrochemicals (Agchem) showed a decline of approximately 18% year-on-year. As of September 2026, the promoters' stake in PI Industries was 46.09%.
The price trend of PI Industries Limited shares shows a steady decline: over the last month, the shares have fallen by 18.38%, over six months by 40%, and have lost more than 50% of their value over a year, meaning their price has approached half of its initial value.



