PI Industries shares crash 18% after Q2 profit plunges
Shares hit fresh 52-week low after the company reported a 57.8% decline in net profit to ₹207.1 crore in Q2FY27
On Friday, PI Industries shares plummeted more than 18% to reach a new 52-week low as the company announced a significant drop in its standalone net profit for Q2FY27. The stock closed at ₹1,867.70 on the NSE at 10:25 am, dropping by 14.60%. The company's standalone profit after tax (PAT) decreased by 57.8% year-on-year to ₹207.1 crore in Q2FY27, compared to ₹491.1 crore in the same quarter last year.
Revenue from operations also fell by 14.2% to ₹1,533.5 crore in the quarter, down from ₹1,752.6 crore in Q2FY26. The stock traded a total of ₹516.63 crore, with a volume of 27.17 lakh shares at the time of reporting. PI Industries' shares have seen declines across various timeframes, with absolute returns plummeting by 11% in the past week and 15.5% in the last month. The year-to-date (YTD) returns have declined by 42%.
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