From NDTV
Center-Right Owned by Adani Group (AMG Media)PI Industries Shares Crash 10% To 52-Week Low After Q2 Profit Plunges 70%, Margins Nearly Halve
What's behind this
PI Industries’ shares tumbled to a 52‑week low after the company announced a sharp fall in Q2 profit. One report said the stock fell 18%, while another noted a 10% drop. The company’s net profit was reported to have plunged, with one source citing a 57.8% decline to ₹207.1 crore and another indicating a 70.1% year‑on‑year fall to Rs 122 crore. Margins were also reported to have nearly halved.
AI-generated overview from 2 outlets. It summarises their reporting and adds no reporting of its own.
What each side is saying
One outlet's own words from each side of the spectrum. Quoted, not summarised.
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right · 2 outlets
The sell-off followed a weak Q2 performance, with the company's net profit declining sharply by 70.1% year-on-year (YoY) to Rs 122 crore, compared with Rs 409 crore in the corresponding quarter last year.
— NDTV
RSS excerpt
The sell-off followed a weak Q2 performance, with the company's net profit declining sharply by 70.1% year-on-year (YoY) to Rs 122 crore, compared with Rs 409 crore in the corresponding quarter last year.
