Pi Industries Limited · NSE:PIIND
Pi Industries — Q3 FY26 Earnings Presentation
26 slides from Pi Industries's earnings presentation, Feb 12, 2026
Slide 1: Exchange cover letter for earnings call presentation
PIIL:SEC:NSE/BSE:83/2025-26 February 12, 2026 BSE Limited National Stock Exchange of India Ltd. Corporate Relationship Department Exchange Plaza, Plot No. C/1, G-Block PJ Towers, 25th Floor, Bandra Kurla Complex, Dalal Street, Mumbai – 400 001 Bandra (East), Mumbai – 400 051 Code No. 523642 Code No.
Slide 2: PI Industries Ltd. Investor Presentation Q3 FY26 Result
PI Industries Ltd. Investor Presentation Q3 FY26 Result CDR India PI Industries Limited Siddharth Rangnekar Rajnish Sarna siddharth@cdr - india.com r.sarna@piind.com Nishid Solanki Sanjay Agarwal nishid@cdr - india.com sanjay.agarwal@piind.com Tel: +91 22 6645 1221 /1209 Tel: +91 22 6266 5600 Fax: +
Slide 3: Agenda
AGENDA • Consolidated Financial Performance • Key Updates • ESG Credentials • Rewards & Recognition • Business Model and Strategy 2
Slide 4: Near-Term Demand Softness, Underlying Fundamentals Remain Strong
Near - Term Demand Softness..... Underlying Fundamentals Remain Strong Consolidated PAT* Revenue EBITDA INR Mn Financials Q3FY26 13,757 28% 3,027 41% 3,113 16% 9MFY26 51,485 17% 13,680 21% 11,206 16% 9M: 3- year CAGR 1% 5% 6% Commercialized Received New products in Regulatory approval Positive tract
Slide 5: Q3 Performance Reflects Customer Delivery Phasing and Market Conditions
Q3 Performance Reflects Customer Delivery Phasing and Market Conditions …Preserved Healthy Margins Amid Volume Timing INR Mn Q3FY25 Q3FY26 % YOY • ~32% decline in Agchem Exports (Volume down ~ 29 %) in line with customer delivery Revenue 19,008 13,757 (28)% schedule . Gross Margin 53% 59% 631 bps •
Slide 6: Resilient Margins and Portfolio Strength Across 9MFY26
Resilient Margins and Portfolio Strength Across 9MFY26 • Agchem Exports muted by 20% Y - o- Y (Volume down ~16%) due to high base INR Mn 9MFY25 9MFY26 % YOY effect ( Y - o- Y growth: 9M FY24 - 22%, 9M FY25 - 9%), partially offset by growth in Revenue 61,907 51,485 (17)% new products 10% Y - o- Y Gro
Slide 7: Strong, Debt Free Balance Sheet Enabling Growth Investment
Strong, Debt Free Balance Sheet Enabling Growth Investment INR Mn Dec-24 Mar-25 Dec-25 • Surplus cash net of Debt is INR 35,066 Mn enabling the company to pursue Shareholders Fund 98,660 1,01,570 1,11,458 accelerated growth. Non Current Liabilities 3,406 3,920 3,839 • Total capex for 9M FY26 stood a
Slide 8: Innovation Pipeline Delivering Differentiated, High-Value Crop Solutions
Innovation Pipeline Delivering Differentiated, High - Value Crop Solutions …strengthening market position HORTICULTURE 2 more innovative products to FY26 SOYBEAN be launched Alcor ® Comet ® Uranus ® Fixit ® in FY26 Systemic herbicide for management Post emergent herbicide for For Mites Herbicide for
Slide 9: PI Mitra Kisan: Strengthening Farmer Engagement Through Digital Platform
PI Mitra Kisan: Strengthening Farmer Engagement Through Digital Platform Mobile App launched APP FEATURES • Scan the QR code on bottle cap or Scan pouch to earn monetary rewards Pan India Outreach To Earn • Rewards can be instantly redeemed as cashback by farmer via UPI • Information about the produ
Slide 10: Pharma Platform Scaling with New Customer wins in CRDMO
Pharma Platform Scaling with New Customer wins in CRDMO Portfolio … • Onboarded new customers over the last 12 months, including several strategic INR Mn Q3FY25 Q3FY26 % YOY accounts and large pharma customers supporting mid - to long - term growth. Revenue 637 599 (6)% • 9MFY26: 50% Y - o- Y revenu
Slide 11: Biologicals Positioned for Long-Term Global Growth
Biologicals Positioned for Long - Term Global Growth … Biostimulants Soil & Nutrition Solutions Biocontrol ..Regulatory Pathways and Market • • Seaweed Extract Platform Suppression of broad - spectrum diseases and • • Microbials and Plant Extracts Platform Nutrient Efficiency • • 3 rd Gen PRETec Pep
Slide 12: Among the Top ESG Performers Globally
Among the Top ESG Performers Globally …...ranked among the Top 2 percentile of S&P global ESG rated companies Environmental Social and Governance Carbon emissions intensity in terms of revenue from operations (INR million) SDG Alignment Key Highlights* Key Highlights* 3.29 3.37 2.75 2.36 Reduced CO
Slide 13: Creating Tangible, Scalable Societal Impact Aligned with Local Community Needs
Creating Tangible, Scalable Societal Impact Aligned with Local Community Needs Health & Women Education & Skill Environment CSR Empowerment Development Sustainability Hygiene Themes Flagship Health & wellness Empowering women Introducing digital Promoting Sustainable Centre of Excellence – initiativ
Slide 14: Recognition Reinforces Our Leadership, Safety Culture, and Governance Standards
Recognition Reinforces Our Leadership, Safety Culture, and Governance Standards Top 10 Supply Chain Champions British Safety Council Sword of Most Preferred Workplace 2025 - 26 Rajasthan Business Awards 2025 Honour – Udaipur Site, October 2025 by The Economic Times Agro Chemical Sector, Institute of
Slide 15: Long-term growth outlook remains intact
Long - term growth outlook remains intact... Focused on Margin Discipline, High - Quality Growth and Scaling Strategic Platforms • Positive outlook driven by good Rabi season Domestic: • Growing market adoption of new products is driving sustained sales momentum Focus on portfolio • Biological busin
Slide 16: Reimagining a healthier planet!
Reimagining a healthier planet! “Lead with science, technology and human ingenuity to create transformative solutions in life sciences” € ¢\ e Think Bold, act with Integrity Question conventional wisdom, Differentiate, Collaborate, Experiment Be Transparent, build Truct, bring the best and be Accoun
Slide 17: Agchem Business model built on respect for IP and established relationships
Agchem Business model built on the principles of respect for IP and established relationships Leading Ag C hem India ’s largest CRAMS Distribution Company Domestic Brand Market Company with majority Exports Market in India with leading revenue from Patented market share in certain Products crops Lev
Slide 18: Differentiated Domestic Distribution Model
Differentiated Domestic Distribution Model Driven By Unique Solutions through Global Partnerships, Brands Building Capabilities And Market Reach More than 6 decades creating market - leading brands Significant revenue from Brands ranked No. 1 or 2 in the market, some brands are more than a decade ol
Slide 19: Multipronged strategy to sustain the growth momentum
Multipronged strategy to sustain the growth momentum backed by multiple growth engines & aggressive M&A Market Expansion Creation Build Customer Intimacy Deepening our technological Segments Product & Services capabilities to open new horizons Operation excellence Brands De - risk Process Digital Or
Slide 20: Transformation at each stage
Decades of Transformation Driving Consistent Value Creation Innovation led Global Conglomerate • Pharma business amongst the Top 5 CRDMO • Global biological leader • New molecules - Bringing innovation to the world Consistent Revenue Growth • New technologies - Flow, Vapor ~20% • Foray into electron
Slide 21: PI: Trusted, Resilient and Future-Ready
PI: Trusted, Resilient and Future - Ready An organization that is committed to excellence in whatever it does . . . known for over 2 decades to be the Top wealth creator . . . “ Outshines competitors in delivering business needs of the customers by unlocking value & fearlessly reinventing ourselves
Slide 22: Agchem CSM, a global leader, backed by strong technological strengths
Agchem CSM, a global leader, backed by strong technological strengths Largest Technology pioneer with Differentiated Commercial Scale technological and IP based interventions technologies Reactions in global contract manufacturing 15 Fully automated Multipurpose Plants (MPPs) with Distributed Contro
Slide 23: World-class R&D set-up delivering innovative and disruptive solutions
World - class R&D set - up delivering innovative and disruptive solutions NABL ISO17025 and GLP 1st Indian company to innovate State - of- the - art certified New ICP - OES "PIOXANILIPROLE ” R&D Labs Now filed for registration at 4 locations Addition of UPLC - CAD (Charged Aerosol Detector) 700+ Sci
Slide 24: Our Global Presence
Our Global Presence India Dusseldorf Amsterdam Seattle Milan St. Louis Tokyo Raleigh Beijing Dubai India Registered Office Sao Paulo Corporate Office R&D Our Markets Manufacturing Units Overseas Offices Depots 40+ 10 4,000+ 2,000+ 8 25 15,000+ 100,000+ Countries Overseas Employees Contracted Mfg. Sites
Slide 25: A High-Performance Growth Engine Powering the Next Era of Life Sciences Leadership
A High - Performance Growth Engine Powering the Next Era of Life Sciences Leadership Demonstrated ability to constantly Demonstrated Wealth Creation with 01 05 reinvent itself over 8 Decades Strong Financials Guided by our Values Debt free balance sheet, War chest of growth capital 02 Constantly Dif
Slide 26: Thank You
Thank You 25