6 days ago
PI Industries shares rise nearly 4% after Kumiai Chemical ups FY25 profit forecast by 34%
By Aditya Bhagchandani Published on June 4, 2025, 10:55 IST
Shares of PI Industries surged 3.55% to ₹3,947.60 on Tuesday after Kumiai Chemical, a key customer and collaborator, significantly revised its second-quarter forecast for FY25. The Japanese agrochemical major raised its operating income forecast by 34.3%, citing stronger-than-expected exports in the Agricultural Chemicals and Agriculture-Related Business segments.
Kumiai now expects operating income of 9,400 million yen, up from the previously projected 7,000 million yen. Net sales are forecast to increase 8.7% to 96,100 million yen. This positive revision signals improved demand and advanced shipments to overseas partners, including India's PI Industries, which has long maintained a strategic relationship with Kumiai for product development and global distribution.
The upbeat outlook buoyed investor sentiment in PI Industries, sending its stock higher on above-average volumes. The market cap of PI Industries now stands at ₹595.19 billion.
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Aditya Bhagchandani serves as the Senior Editor and Writer at Business Upturn, where he leads coverage across the Business, Finance, Corporate, and Stock Market segments. With a keen eye for detail and a commitment to journalistic integrity, he not only contributes insightful articles but also oversees editorial direction for the reporting team.
