• The document is a regulatory filing containing the full transcript of the "Bodal Chemicals Limited 2Q FY27 Earnings Conference Call", an event categorized as a post-results earnings conference call and investor interaction.
  • The event was held on 03rd November 2026 at 4:30 PM IST.
  • The stated purpose of the event was to discuss the company's financial and operational performance for the second quarter and first half of the financial year 2026-27 (Q2 & H1 FY27).
  • The meeting was scheduled after the earnings announcement, as it is explicitly a "Post Results Earnings Conference Call".
  • Management participants included:
  • Mr. Ankit Patel – Executive Director
  • Mr. Mayur Padhya – Chief Financial Officer
  • The call was moderated by Mr. Pankaj Motwani of Equirus Securities Private Limited.
  • The company indicated that an investor presentation had been uploaded on the stock exchange and the company's website prior to the call for participants to review. No mention was made of a transcript, recording, or earnings deck being made available post-call.
  • The company did not include any specific compliance language stating that no unpublished price sensitive information (UPSI) would be shared.

Financial Highlights & Guidance (As Disclosed)

  • Financial Period Discussed: Q2 FY27 (Quarter ended September 2026) and H1 FY27 (Half-year ended September 2026).
  • Consolidated Q2 FY27 Performance:
  • Revenue: INR 884 crores (Growth of 77% YoY)
  • EBITDA: INR 128 crores (Growth of 197% YoY)
  • EBITDA Margin: 14.4%
  • Net Profit: INR 81 crores (Growth of 1,259% YoY)
  • Consolidated H1 FY27 Performance:
  • Revenue: INR 1,599 crores (Growth of 67% YoY)
  • EBITDA: INR 203 crores (Growth of 114% YoY)
  • Net Profit: INR 112 crores (vs. INR 16 crores in H1 FY26)
  • Standalone H1 FY27 Performance:
  • Revenue: INR 1,576 crores
  • Net Profit: INR 109 crores
  • Division-wise Consolidated H1 FY27 Revenue:
  • Dye Intermediates: INR 562 crores
  • Dyestuff: INR 361 crores
  • Basic Chemicals: INR 183 crores
  • Chlor-Alkali: INR 178 crores
  • Benzene Downstream: INR 108 crores (mentioned separately)
  • Standalone H1 FY27 Production Volume:
  • Dyestuff: 9,056 metric tonnes
  • Dye intermediate: 16,956 metric tonnes
  • Basic chemical: 113,312 metric tonnes
  • Chlor-Alkali: 38,886 metric tonnes
  • Forward-Looking Statements & Guidance:
  • FY27 Revenue Target: "INR3,000 plus crores is very much achievable."
  • FY27 EBITDA Margin Target: Approximately 12%.
  • Q3 FY27 Outlook: Management expects to maintain current margins and sees better realizations in the Dyestuff division. The benzene downstream plant is expected to begin contributing to net profit from Q3 FY27.
  • Q4 FY27 Outlook: Visibility is lower, but performance is expected to be better than Q1 FY27.
  • Capacity Utilization: The dye intermediates division is at optimum utilization. The benzene derivatives plant improved to ~85% utilization in October (from ~50% in H1) and has further room to grow.

Additional Notes Section

  • The document is the complete transcript of the earnings conference call, enclosed with the regulatory filing submitted to the exchanges.
  • Financial Data: Significant financial data was disclosed and discussed in detail during the call, including revenue, EBITDA, net profit, divisional performance, production volumes, and guidance.
  • The call included a detailed Q&A session with analysts from various firms, covering topics such as industry pricing (H acid, vinyl sulphone), working capital management (receivables, inventory), debt reduction plans, capacity expansion strategy, and competitive positioning.
  • Key operational updates included the improved performance of the benzene downstream plant, the impact of anti-dumping duties on the TCCA business, and ongoing efforts to reduce debt.