PI Industries shares crash 18% after Q2 profit plunges
BusinessLine ·
Bengaluru PI Industries shares slumped over 18 per cent to hit a fresh 52-week low after the company reported a sharp decline in its standalone net profit for the second quarter of FY27. The stock was trading at ₹1,867.70 on the NSE at 10.25 am, down 14.60 per cent.
The company’s standalone profit after tax (PAT) declined 57.8 per cent y-o-y to ₹207.1 crore in Q2FY27, compared with ₹491.1 crore in the corresponding quarter of the previous financial year. Revenue from operations fell 14.2 per cent to ₹1,533.5 crore in the quarter under review, against ₹1,752.6 crore in Q2FY26.
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