Financial Results Summary

Standalone Performance (Q2 FY27)

  • Revenue from operations: ₹40,336.95 lakhs (₹403.37 crore)
  • Total Income: ₹41,398.14 lakhs (₹413.98 crore)
  • Profit before tax: ₹8,742.93 lakhs (₹87.43 crore)
  • Current tax: ₹2,411.64 lakhs (₹24.12 crore)
  • Net profit: ₹6,303.28 lakhs (₹63.03 crore)
  • Basic EPS: ₹2.53
  • Diluted EPS: ₹2.53

Standalone Performance (H1 FY27)

  • Revenue from operations: ₹87,552.23 lakhs (₹875.52 crore)
  • Total Income: ₹89,588.77 lakhs (₹895.89 crore)
  • Profit before tax: ₹17,764.62 lakhs (₹177.65 crore)
  • Current tax: ₹4,911.85 lakhs (₹49.12 crore)
  • Net profit: ₹12,817.25 lakhs (₹128.17 crore)
  • Basic EPS: ₹5.15
  • Diluted EPS: ₹5.15

Consolidated Performance (Q2 FY27)

  • Revenue from operations: ₹40,336.95 lakhs (₹403.37 crore)
  • Total Income: ₹41,307.90 lakhs (₹413.08 crore)
  • Profit before tax: ₹8,685.82 lakhs (₹86.86 crore)
  • Net profit: ₹6,246.17 lakhs (₹62.46 crore)
  • Basic EPS: ₹2.51
  • Diluted EPS: ₹2.51

Consolidated Performance (H1 FY27)

  • Revenue from operations: ₹87,552.23 lakhs (₹875.52 crore)
  • Total Income: ₹89,498.53 lakhs (₹894.99 crore)
  • Profit before tax: ₹17,753.31 lakhs (₹177.53 crore)
  • Net profit: ₹12,805.94 lakhs (₹128.06 crore)
  • Basic EPS: ₹5.15
  • Diluted EPS: ₹5.15

Dividend Declaration

  • Declared 2nd Interim Dividend of Re. 1/- (100%) per equity share (face value of Re. 1/- each) for FY 2026-27
  • Combined with 1st Interim Dividend of Re 1/- declared in July 2026, total interim dividend declared is 200% (₹2 per share)
  • Record date: Saturday, 24th October, 2026
  • Payment date: On or before 17th November, 2026

Capacity Expansion Update

  • Expansion plan to enhance ABS production capacity from existing 75,000 TPA to 100,000 TPA
  • Estimated cost: ₹200 crores
  • Original completion target: September 2026
  • Revised completion target: March 2027

Reasons for Delay

  • Delivery of imported equipment delayed due to shortage/non-availability of shipping containers
  • Service engineers of foreign suppliers unable to commit exact visit schedules for equipment commissioning trials
  • Delivery of reactor delayed due to disturbed supply chain of components required for assembly
  • Reactor now expected in November 2026
  • Global war scenarios (Gulf War & Russia-Ukraine war) cited as primary causes of disruptions

Management Outlook

  • Management has reviewed project implementation plan considering delays
  • Operational shutdown schedule being realigned with revised equipment delivery timelines
  • Management confident of achieving project completion by end of March 2027

Balance Sheet Highlights (Standalone)

  • Total assets: ₹1,28,399.50 lakhs (as of 30/09/2026)
  • Equity share capital: ₹2,488.58 lakhs
  • Other equity: ₹1,13,523.89 lakhs
  • Cash and cash equivalents: ₹15,726.13 lakhs (down from ₹38,680.04 lakhs as of 31/03/2026)
  • Trade receivables: ₹30,917.50 lakhs (up from ₹25,351.62 lakhs)
  • Loans: ₹30,663.05 lakhs (up from ₹17,591.47 lakhs)

Cash Flow Statement (Standalone H1 FY27)

  • Net cash used in operating activities: ₹(2,366.99) lakhs
  • Net cash used in investing activities: ₹(15,609.76) lakhs
  • Net cash used in financing activities: ₹(4,977.16) lakhs (dividend payments)
  • Net decrease in cash: ₹(22,953.91) lakhs

Audit and Compliance

  • Financial results reviewed by Audit Committee and approved by Board of Directors
  • Limited Review Report issued by M/s. Azad Jain & Co., Chartered Accountants (Firm Registration No.: 006251C)
  • Review conducted in accordance with Standard on Review Engagement (SRE) 2410
  • Results prepared in accordance with Ind AS 34 and SEBI LODR Regulations

Segment Information

  • Company operates in single segment: "Highly Specialized Engineering Thermoplastics"

Entities Included in Consolidation

  • Bhansali Nippon A&L Private Limited (Joint Venture)
  • Joint Venture contributed ₹33.13 lakhs to net profit for Q2 FY27

Plant Locations

  • Satnoor Plant: Bhansali Nagar, Taluka - Sausar, Dist. Chhindwara, Madhya Pradesh - 480 108
  • Abu Road Plant: Plot No. SP-138-143, Ambaji Industrial Area, Abu Road, Dist. Sirohi (Rajasthan) - 307 026

Meeting Details

  • Board meeting commenced at 11:00 am and concluded at 1:05 pm on 19th October, 2026