PI Industries Limited announced the outcome of its Board Meeting held on August 11, 2026. The Board considered and approved the unaudited standalone and consolidated financial results for the quarter ended June 30, 2026. Key highlights include a standalone profit of ₹3,415 million. Additionally, the company approved the incorporation of a new wholly-owned subsidiary, ‘PI Foundation,’ to undertake Corporate Social Responsibility activities.
PI Industries Approves Q1 FY27 Financials and Strategic Initiatives
On August 11, 2026, PI Industries Limited’s Board of Directors convened to review and approve the financial performance for the first quarter of the fiscal year 2027, ending June 30, 2026. The company disclosed its unaudited standalone and consolidated financial results, marking a significant update for investors.
Financial Performance Highlights (Standalone)
Quarter Ended June 30, 2026
- Total Income: ₹16,597 million
- Total Expenses: ₹12,227 million
- Profit Before Tax (Exceptional Items): ₹4,370 million
- Income Tax Expense: ₹955 million
- Profit After Tax (Net Profit): ₹3,415 million
- Total Comprehensive Income: ₹3,796 million
Quarter Ended June 30, 2025 (for comparison)
- Total Income: ₹18,491 million
- Profit After Tax (Net Profit): ₹4,643 million
- Total Comprehensive Income: ₹4,700 million
Incorporation of ‘PI Foundation’
In a strategic move to enhance its Corporate Social Responsibility initiatives, the Board also approved the incorporation of a new company, tentatively named ‘PI Foundation’ or a similar approved name. This entity will be established as a not-for-profit organization under Section 8 of the Companies Act, 2013. PI Industries Limited, along with its subsidiaries, will hold 100% shareholding in this new entity, making it a wholly-owned subsidiary. The initial share capital is planned to be ₹1,00,000/-.
Meeting Details
The Board meeting commenced at 02:00 p.m. (IST) and concluded at 06:30 p.m. (IST) on the same day.
Source: BSE
