India's PI Industries falls after quarterly profit drop

PI Industries

20/05/2026 08:26

** Shares of India's PI Industries PIIL.NS down as much as 8.12%, last down 6.87% at 2,909.9 rupees

** Agrochemicals maker posted a profit of 2 billion rupees($20.64 million) in Q4, down 39% Y/Y

** Revenue from it largest segment, agro chemicals fell 14% in Q4 to 14.61 billion rupees

** ICICI Direct Research says co's performance was hit by contraction in the global agrochemical industry and softness in the domestic agri-inputs business

** PIIL rated "hold" on avg by 23 analysts; median PT is 3,337.5 rupees - data compiled by LSEG

** YTD stock down 3.5%

($1 = 96.8800 Indian rupees)

 (Reporting by Devika Nair in Bengaluru)

 ((Devika.MadhusudhananNair@thomsonreuters.com;))