PI Industries Q2 Results FY27: Net Profit Falls 70.14% YoY, Revenue Rs 1,701.80 Cr, PAT Rs 122.20 Cr
- November 4, 2026
- Posted by: Harsh Piplani
- Category: Results
Quick Answer
PI Industries Q2 Results FY27 were declared on 4 November 2026 for the July to September 2026 quarter on a Consolidated basis. The quarterly results show revenue of Rs 1,701.80 Cr, down 9.11% YoY from Rs 1,872.30 Cr. Net profit fell 70.14% YoY to Rs 122.20 Cr from Rs 409.30 Cr. The YoY growth figures are negative for revenue, Operating Profit and net profit alike.
PI Industries Ltd (PIIND) Q2 Results FY27 announced on 4 November 2026, covering the company’s financial performance for the July to September quarter. The results date brought consolidated revenue of Rs 1,701.80 Cr and PAT of Rs 122.20 Cr. PI Industries Q2 Results FY27 show revenue down 9.11% and PAT down 70.14% against the same quarter a year earlier, and the consolidated results are the basis for every figure in this analysis.
This PI Industries Q2 Results analysis covers the financial highlights, the business factors disclosed for the quarter, the outlook and the risks. The Univest results analysis begins with the Financial Highlights table, which sets consolidated revenue, Operating Profit and net profit beside the figures from the same quarter last year.
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PI Industries Q2 Results FY27: Financial Highlights
| Metric | Q2 FY27 (Sep 26) | Q2 FY26 (Sep 25) | YoY Change |
|---|---|---|---|
| Revenue | Rs 1701.8 Cr | Rs 1872.3 Cr | -9.11% YoY |
| Operating Profit | Rs 232.7 Cr | Rs 541.3 Cr | -57.01% YoY |
| Net Profit (PAT) | Rs 122.2 Cr | Rs 409.3 Cr | -70.14% YoY |
Source: company filing for PI Industries Q2 Results FY27, 4 November 2026. Figures in Rs Crore, Consolidated basis.
Key Takeaways from PI Industries Q2 Results: What Stands Out
- Revenue of Rs 1,701.80 Cr: sales fell 9.11% from Rs 1,872.30 Cr a year earlier, a negative YoY growth figure for the July to September 2026 quarter.
- Operating Profit of Rs 232.70 Cr: this line fell 57.01% from Rs 541.30 Cr, a larger percentage move than the revenue decline over the same twelve months.
- Net profit of Rs 122.20 Cr: profit fell 70.14% from Rs 409.30 Cr, and PI Industries Q2 Results FY27 show it as the steepest of the three percentage moves.
- Net profit margin of 7.2%: the margin narrowed from 21.9% in the comparison quarter, which ties the profit line back to the revenue figure.
- Debt-to-assets ratio of 0.02: the company is almost debt free in FY26, and that context leads into the performance analysis that follows.
PI Industries Q2 Results FY27: Performance Analysis
PI Industries reported consolidated revenue of Rs 1,701.80 Cr against Rs 1,872.30 Cr in the same quarter last year, with Operating Profit of Rs 232.70 Cr against Rs 541.30 Cr and net profit of Rs 122.20 Cr against Rs 409.30 Cr. Revenue fell 9.11%, Operating Profit fell 57.01% and net profit fell 70.14%, so all three lines moved lower in the quarterly results.
The results analysis shows the net profit margin moving from 21.9% in the comparison quarter to 7.2% in the latest quarter. In PI Industries Q2 Results FY27, that margin movement sits beside the 9.11% revenue decline and the 70.14% net profit decline, and together the figures describe the shape of the quarter on a consolidated basis.
Readers comparing PI Industries Q2 Results with earlier disclosures can watch whether this net profit level persists, because the supplied history shows quarterly net profit ranging from Rs 122.20 Cr to Rs 409.30 Cr over the last 5 quarters. The supplied data confirms what changed but does not establish the specific cause, which is where the results analysis turns to the business factors.
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Key Business Factors This Quarter
The results analysis points to the business factors that the supplied data discloses for this quarter, and they frame the figures in the Financial Highlights table with full-year context from FY26.
Return on capital employed – Return on capital employed was 16.00% in FY26, a full-year figure that sits behind PI Industries Q2 Results FY27 and describes how the business used its capital before the latest quarter produced lower consolidated profit.
Balance sheet – The company is almost debt free, with a debt-to-assets ratio of 0.02 in FY26, which means these quarterly results arrive on a balance sheet that carries very little debt relative to its assets.
FY27 Outlook After PI Industries Q2 Results
Net profit of Rs 122.20 Cr is the figure that carries into the FY27 outlook. FY27 full-year results will depend on the quarters that follow and on sector conditions as they are disclosed, so a single quarter is one input into the full-year picture and not the whole of it.
As one data point for the results analysis, PI Industries Q2 Results FY27 show consolidated revenue down 9.11% and net profit down 70.14% YoY. Later filings will show whether the 7.2% net profit margin changes, and readers can follow each new filing on the Univest Screener and the Univest app. Those later filings also carry the risks listed next.
Key Risks to Watch After PI Industries Q2 Results FY27
Revenue Decline
Revenue declined 9.1% year on year to Rs 1,701.80 Cr in the latest quarter. That decline is the first risk that investors reading PI Industries Q2 Results FY27 can track, since each later filing updates the top line.
Net Profit Fall
Net profit fell 70.1% year on year to Rs 122.20 Cr. Alongside the 9.1% revenue decline, this YoY growth figure is negative and shows that profit moved by a far larger percentage than sales.
Narrower Net Profit Margin
Net profit margin narrowed to 7.2% from 21.9% in the comparison quarter. A margin at this level means each rupee of revenue carried less profit than a year earlier, which brings the quarterly results back to the conclusion.
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Conclusion
PI Industries Q2 Results FY27 show consolidated revenue of Rs 1,701.80 Cr and net profit of Rs 122.20 Cr, down 9.11% and 70.14% YoY. These quarterly results are consolidated results and record a net profit margin of 7.2% against 21.9% a year earlier. Readers weighing PI Industries Q2 Results should consult a SEBI-registered advisor before acting.
Disclaimer: Data and figures in this article are sourced from publicly available information. These may or may not be accurate. Please verify all data with the official NSE (nseindia.com) and BSE (bseindia.com) websites before making any investment decision. Investments in securities are subject to market risk. This content is for educational purposes only and is not investment advice. Research Analyst: Uniresearch Global Pvt. Ltd., SEBI Registration No. INH000013776.
Frequently Asked Questions on PI Industries Q2 Results FY27
What are PI Industries Q2 Results FY27?
Ans. PI Industries Q2 Results FY27 cover the July to September 2026 quarter on a consolidated basis, with revenue of Rs 1,701.80 Cr and net profit of Rs 122.20 Cr. Alongside this, the Quick Answer box above summarises both figures.
What is the results date for PI Industries Q2 Results FY27?
Ans. PI Industries Q2 Results FY27 were declared on 4 November 2026, which is the results date for the July to September 2026 quarter. Alongside this, the Financial Highlights section sets that quarter against the same quarter last year.
What revenue was reported in PI Industries Q2 Results FY27?
Ans. PI Industries reported consolidated revenue of Rs 1,701.80 Cr in the quarter, compared with Rs 1,872.30 Cr a year earlier. This is the top line in the Financial Highlights table, so it anchors every other comparison in the article.
What net profit was reported in PI Industries Q2 Results FY27?
Ans. Net profit came in at Rs 122.20 Cr for PI Industries, against Rs 409.30 Cr in the same quarter last year. This is the figure the Performance Analysis compares with revenue, which is why it features in the Key Takeaways.
How much YoY growth did revenue show in PI Industries Q2 Results FY27?
Ans. Revenue fell 9.11% YoY in PI Industries Q2 Results FY27, from Rs 1,872.30 Cr to Rs 1,701.80 Cr. Compared with the 70.14% fall in net profit, this is a smaller move, as the Performance Analysis explains.
Did net profit rise or fall in PI Industries Q2 Results?
Ans. Net profit fell in PI Industries Q2 Results, down 70.14% YoY to Rs 122.20 Cr from Rs 409.30 Cr. This fall is larger than the 9.11% revenue decline, which is covered in the Performance Analysis section.
What was the Operating Profit in PI Industries Q2 Results FY27?
Ans. Operating Profit was Rs 232.70 Cr in PI Industries Q2 Results FY27, down 57.01% YoY from Rs 541.30 Cr. Compared with this line, net profit fell further, as the Key Takeaways section shows alongside revenue.
Are PI Industries Q2 Results consolidated results or standalone results?
Ans. PI Industries Q2 Results are consolidated results, reported on a consolidated basis for the July to September 2026 quarter. Alongside this, every figure in the Financial Highlights table uses that same basis for both quarters.
What business factors shaped PI Industries Q2 Results FY27?
Ans. PI Industries Q2 Results FY27 disclose return on capital employed of 16.00% in FY26 and a debt-to-assets ratio of 0.02, so the company is almost debt free. The Key Business Factors section covers both.
What are the key risks after PI Industries Q2 Results FY27?
Ans. Risks after PI Industries Q2 Results FY27 include a 9.1% revenue decline, a 70.1% net profit fall and a narrower 7.2% net profit margin. These sit in the Key Risks section, which explains each one.
What is the outlook after PI Industries Q2 Results?
Ans. FY27 full-year results after PI Industries Q2 Results will depend on later quarters and on disclosed sector conditions, since this quarter is one data point. The Outlook section names net profit of Rs 122.20 Cr as the figure to follow.
Where can I find the complete PI Industries Q2 Results FY27 data?
Ans. The complete PI Industries Q2 Results FY27 figures sit in the Financial Highlights table of this article, while the official statement is in the company’s stock exchange filing, which this article summarises section by section.
