New Delhi, May 20 -- PI Industries share price slumped 7% on NSE in Wednesday's trading session after the company reported weak financial results for the quarter ended March 31, 2026.

The stock opened at Rs.2,950 apiece today as compared to the previous close of Rs.3,124 per share on Tuesday. It soon touched an intraday low of Rs.2,860.10.

For the March quarter, PI Industries reported a 12% year-on-year (YoY) decline in revenue to Rs.1,565 crore, broadly in line with market expectations.

The company's Earnings Before Interest, Tax, Depreciation and Amortisation (EBITDA) fell 26% to Rs.337 crore during the quarter, compared to the Street's expectation of a 19% decline from the previous year. EBITDA margin narrowed to 21.5% from 25.4% a ...