{
  "id": 18254675,
  "title": "PI Industries shares crash 18% after Q2 profit plunges",
  "url": "https://urgent.news/2026/11/05/pi-industries-shares-crash-18-after-q2-profit-plunges",
  "topic": "finance",
  "section": "Finance & Markets",
  "published": "2026-11-05T05:05:09.000Z",
  "source": {
    "name": "Hindu BusinessLine",
    "slug": "hindu-businessline",
    "url": "https://www.thehindubusinessline.com/markets/pi-industries-shares-crash-18-after-q2-profit-plunges/article71668682.ece"
  },
  "original_language": "en",
  "account": "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%.",
  "summary": "Shares hit fresh 52-week low after the company reported a 57.8% decline in net profit to ₹207.1 crore in Q2FY27",
  "key_points": [],
  "editors_take": null,
  "illustration": null,
  "coverage": {
    "outlets": 1,
    "also_reported_by": []
  },
  "ai_generated": true,
  "disclaimer": "Summaries, key points and the editor’s take are written by software from other outlets’ reporting and may contain errors — always check the linked original."
}