Sales of products: ₹203 crore in Q1 FY2027, up 5% Q-o-Q from ₹193 crore in Q4 FY2026, but down 6% Y-o-Y from ₹217 crore in Q1 FY2026.
Other operating income: ₹4 crore.
Total Revenue: ₹207 crore, up 5% Q-o-Q, down 6% Y-o-Y.
Raw material expenses: ₹70 crore (34.6% of sales), up 9% Q-o-Q and flat Y-o-Y.
Other operating expenses: ₹50 crore, up 12% Q-o-Q and 2% Y-o-Y.
EBITDA: ₹87 crore (42.7% margin), down 1% Q-o-Q and 14% Y-o-Y.
Depreciation: ₹11 crore.
Finance costs: ₹0 crore (Zero Debt Company).
Other Income: ₹21 crore.
Profit before tax (PBT): ₹97 crore (48.0% margin), up 26% Q-o-Q but down 5% Y-o-Y.
Profit after tax (PAT): ₹73 crore (36.0% margin), up 26% Q-o-Q but down 4% Y-o-Y.
Financial Performance Overview (Consolidated)
Sales of products: ₹264 crore (Highest-Ever in Company's History), up 7% Q-o-Q and 10% Y-o-Y.
Other operating income: ₹4 crore.
Total Revenue: ₹268 crore, up 8% Q-o-Q and 11% Y-o-Y.
Raw material expenses: ₹105 crore (39.7% of sales), up 15% Q-o-Q and 25% Y-o-Y.
Other operating expenses: ₹67 crore, up 7% Q-o-Q and 13% Y-o-Y.
EBITDA: ₹96 crore (36.5% margin), up 1% Q-o-Q but down 3% Y-o-Y.
Depreciation: ₹21 crore.
Finance costs: ₹0 crore.
Other Income: ₹22 crore.
Profit before tax (PBT): ₹98 crore (36.9% margin), up 26% Q-o-Q and 3% Y-o-Y.
Profit after tax (PAT): ₹73 crore (27.8% margin), up 26% Q-o-Q and 5% Y-o-Y.
Business and Capex Update
Incurred a total capex of ~₹100 crores during Q1 FY2027. This investment was directed towards Clean Fino Chem Ltd. (CFCL), a wholly owned subsidiary.
The company is establishing a wholly owned European subsidiary. The stated purpose is to expand global footprint, strengthen customer proximity, deepen market engagement, and accelerate global growth.
Performance Chemical 2 is expected to be commercialized by Q3 FY2027.
HALS Business Update
Entered into a strategic collaboration with a Swiss technology partner to access differentiated chemistry capabilities.
Successfully de-risked product concentration. The top four legacy products' contribution declined from ~85% in Q4 FY23 to ~60% in Q1 FY27.
HALS (Hindered Amine Light Stabilizers) now accounts for 22% of sales.
Corporate and Operational Highlights
The company describes itself as one of the fastest growing and most profitable fine and specialty chemical companies globally.
It has a strong focus on developing sustainable and cost-effective catalytic manufacturing processes.
Customer Base: 500+ global and domestic customers across 35+ countries.
Team: 1,600+ employees (10% women staff).
Manufacturing: 4 manufacturing units, a state-of-art pilot facility, and a fully equipped application lab.
R&D: 65+ scientists over 4 R&D facilities.
Accreditations: 16+ accreditations & certifications (Units are ISO 9001, ISO 14001, and ISO 45001 certified).
Financial Ratings: Long-term rating by CRISIL is AA- (Stable); short-term rating is A1+.
Export Revenue: 61% of consolidated revenues are from exports.
ESG Initiatives: ~20 MW solar capacity (65% renewable energy share). Targets to reduce GHG emissions, specific water consumption, and specific energy consumption by 15% each over 5 years starting 2023. Aim to plant 50,000 trees in the next five years.
CSR: Total contribution over the last 3 years is over ₹21 crore.
Dividend: Has a dividend track record with a defined dividend payout policy.
Manufacturing Facilities
Unit 1: 7 plants, total area 30,000 sq.m.
Unit 2: 4 plants, total area 23,337 sq.m.
Unit 3: 5 plants, total area 40,343 sq.m.
All units at Kurkumbh Industrial Area, Maharashtra, feature zero liquid discharge (ZLD).
Unit 4 (Clean Fino Chem Ltd.): Commercialized in March 2024. Total area 1,32,700 sq.mtrs. (34 acres). Described as the largest HALS facility from India. Benefits from tax incentives and an integrated facility.
