PI Industries shares drop 8% after disappointing Q4 results
after close1 source ↓written by the desknot a recommendation
- on 20
- 8%
- Revenue declined
- 12%
- ₹1,565 cr
- plummeted
- 39%
- ₹200 cr
Shares of PI Industries fell 8% on 20 May after the company reported Q4 results that were worse than expected. Revenue declined 12% to ₹1,565 cr, while net profit plummeted 39% to ₹200 cr. The EBITDA margin narrowed to 21.5%, below market expectations of 23%. This makes PI Industries the top loser on the Nifty 500.
Not investment advice. For informational purposes only.