PI Industries beats the Street, net profit dips 17% in Q3; declares ₹5 dividend

Agro-chemicals maker PI Industries Ltd on Thursday (February 12) reported its third-quarter results, posting a net profit of ₹311 crore, down 16.6% from ₹373 crore in the same period last year.

Revenue for Q3 stood at ₹1,376 crore, down from ₹1,901 crore in Q3 FY25, while EBITDA was ₹302 crore, compared with ₹512 crore a year ago. EBITDA margin for the quarter was 22%, down from 26.9% in the corresponding period last year.

The company’s results were slightly below CNBC-TV18 poll estimates, which projected net profit at ₹309 crore, revenue at ₹1,623 crore, and EBITDA at ₹414 crore, with an expected margin of 25.5%.

Also Read: PI Industries Q2 Results: Revenue, profit dips but beats subdued expectations

The company announced an interim dividend of ₹5 per equity share, equivalent to 500% of the face value of Re. 1 each. The dividend will be paid to eligible shareholders on or before Friday, March 13, 2026. The company has fixed Monday, February 23, 2026, as the record date to determine the members eligible to receive the interim dividend.

PI Industries has recognised an exceptional item of ₹20.9 crore in Q3 and 9M FY26 following the implementation of the new Labour Codes, effective from November 21, 2025.

Shares of PI Industries Ltd ended at ₹3,224.00, down by ₹57.95, or 1.77%, on the BSE.

Also Read: PI Industries Q1 results: Profit down 11% YoY, misses estimates; margin steady