PI Industries shares dropped nearly 10% today

PI Industries shares dropped nearly 10% today after reporting weak Q2 FY27 results, with net profit plunging over 70% year-on-year due to margin contraction and declining agrochemical exports. Domestic revenue grew, but global demand weakness and rising input costs weighed heavily on performance. 📉 Key Financial Highlights (Q2 FY27) Revenue: ₹1,702 crore, down 9% YoY (vs ₹1,872 crore last year). EBITDA: ₹232 crore, down 57% YoY; margin contracted to 13.7% (vs 28.9%). Net Profit: ₹118 crore, down 71% YoY (vs ₹407 crore last year). Consolidated Net Profit: ₹1,222 million, missing estimates of ₹2,720 million. Agrochemical Exports: Fell 18% YoY due to subdued global demand. Domestic Revenue: Grew 19% YoY, showing resilience in India. Pharma Segment: Revenue up 19.7% YoY and 40% sequentially. 📊 Stock Market Reaction Share Price: Trading at ₹1,978, down 9.55% today. 52-Week Range: ₹2,006 – ₹3,829. Year-to-Date Performance: Down 32.46%. Volatility: Beta at 1.44, indicating higher-than-market volatility.