PI Industries shares declined more than 3% in today's trade (March 13) after news that Kumiai Chemical, the company's largest customer, has cut its FY26 revenue guidance by about 5% .
As of 11:48 AM IST, the stock traded near the day's lows with notable volatility. The intraday low stood at ₹2,840.10, which also matches the 52-week low, while the day's high was ₹2,958.00. The stock opened at ₹2,940.10 compared with the previous close of ₹2,952.40. Trading activity remained moderate with live volume around 1,08,612 shares.
The fall is also notable from a technical perspective because the stock has now touched its lowest level in the past 52 weeks, compared with a 52-week high of ₹4,330.00.
PI Industries Q3 Results
PI Industries reported a weak set of results for the third quarter, with profitability and revenue declining sharply compared with the previous year.
The company posted a net profit of ₹311 crore in Q3, marking a 16% decline from ₹373 crore in the same quarter last year. The result was largely in line with Street expectations, which had anticipated a 17% drop in profit.
However, revenue performance disappointed estimates. Revenue from operations fell 28% year-on-year to ₹1,376 crore compared with ₹1,901 crore in the corresponding quarter of the previous year. Analysts had expected revenue to decline by around 15%, making the actual drop significantly steeper.
Operational performance also weakened during the quarter. EBITDA declined 41% year-on-year to ₹302 crore from ₹512 crore in the same period last year.