PI Industries Q3FY25 revenue, EBITDA margin and net profit miss Street expectations

Date:02-11-2025

PI Industries has reported a weak set of numbers for the third quarter of FY25, with its revenue, EBITDA margin, and net profit all falling short of the Street expectations. The company's revenue grew marginally on a year-on-year (YoY) basis, reaching ₹1,900.8 crore compared to ₹1,897.5 crore in Q3 FY24. However, it missed estimates by 2%, which were pegged at ₹1,939.5 crore.

The company’s EBITDA stood at ₹512 crore, marking an 8% decline compared to ₹553.6 crore in the same quarter last year. This performance was also 3% lower than the projected EBITDA of ₹525.73 crore. As a result, PI Industries’ EBITDA margin contracted to 26.9%, down from 29.2% in Q3 FY24, reflecting a drop of 224 basis points. The margin also fell short of estimates by 17 basis points.

COGS puts pressure on profitability

Higher cost of goods sold (COGS), which rose by 2% YoY to ₹899 crore, contributed to the weaker performance, placing pressure on profitability. Additionally, the company faced an 8% growth in other expenses, which offset the modest revenue growth.

PI Industries Q3FY25: Segment-Wise Revenue Breakdown

Agro Chemicals: The segment saw a 4% year-on-year (YoY) growth, with revenue reaching ₹1,838.1 crore compared to ₹1,770.2 crore in Q3 FY24.

Pharma: The segment, however, faced a significant decline of 50% YoY, with revenue falling to ₹63.7 crore from ₹127.3 crore in the same quarter last year.

PI Industries declares interim dividend

PI Industries' Board of Directors has declared an interim dividend of ₹6 per share (600%) for the financial year 2024-25. The dividend, approved during the board meeting held on February 6, 2025, will be paid on or before March 6, 2025. The company has set February 14, 2025, as the record date to determine eligible shareholders who will receive the dividend.