Company Disclosure
Financial Results Summary
Quarterly Performance (Unaudited)
- Revenue from Operations: ₹54.11 crore for Q2 FY26-27 (30-09-2026)
- Comparative Quarterly Revenue: ₹57.84 crore in Q1 FY26-27 (30-06-2026) and ₹42.79 crore in Q2 FY25-26 (30-09-2025)
- Cost of material consumed & changes in inventory: ₹38.11 crore
- Employee Benefits Expenses: ₹7.02 crore
- Other Expenses: ₹8.01 crore
- Operating Earning Before Interest, Tax, Depreciation: ₹0.97 crore (2% margin)
- Other Income: ₹1.35 crore
- Depreciation and Amortisation Expense: ₹2.69 crore
- Earning before Interest & Tax (EBIT): (₹0.37) crore (-1% margin)
- Finance costs: ₹0.37 crore
- Profit/(Loss) before exceptional items: (₹0.74) crore
- Current tax: ₹0.11 crore
- Income tax adjustment of earlier years: (₹0.04) crore
- Deferred Tax: (₹0.46) crore
- Profit/(Loss) for the period: (₹0.35) crore (-1% net margin)
- Other Comprehensive Income: ₹0 crore
- Total Comprehensive income/(loss) for the period: (₹0.35) crore
Half-Yearly Performance (Unaudited)
- Revenue from Operations: ₹111.95 crore for H1 FY26-27 (30-09-2026)
- Comparative H1 Revenue: ₹82.24 crore in H1 FY25-26 (30-09-2025)
- Cost of material consumed & changes in inventory: ₹75.42 crore
- Employee Benefits Expenses: ₹14.16 crore
- Other Expenses: ₹15.41 crore
- Operating Earning Before Interest, Tax, Depreciation: ₹6.96 crore (6% margin)
- Other Income: ₹6.86 crore
- Depreciation and Amortisation Expense: ₹5.36 crore
- Earning before Interest & Tax (EBIT): ₹8.46 crore (8% margin)
- Finance costs: ₹0.70 crore
- Profit/(Loss) before exceptional items: ₹7.76 crore
- Current tax: ₹0.54 crore
- Income tax adjustment of earlier years: (₹0.01) crore
- Deferred Tax: ₹1.49 crore
- Profit/(Loss) for the period: ₹5.74 crore (5% net margin)
- Other Comprehensive Income: (₹0.19) crore
- Total Comprehensive income/(loss) for the period: ₹5.55 crore
Annual Comparison (Audited)
- Year ended 31-03-2026 Revenue: ₹161.30 crore
- Year ended 31-03-2026 Profit/(Loss) for the period: (₹0.54) crore
Management Commentary
Business Performance
Growth during Q2 was broad-based across business segments:
- Oilfield Chemicals: Remained the largest segment supported by steady international demand and commercialization of new products
- Home & Personal Care: Continued strong performance with quarterly revenue nearly three times that of corresponding quarter previous year, supported by sustained export demand
- Paints & Coatings and Textiles: Recovered well from Q1 performance
- Agrochemicals: Followed usual seasonal pattern after strong Q1, with new product development progressing well
Margin Pressures
Margins were moderated by:
- Higher raw material costs due to sharp rise in crude oil prices driven by renewed Middle East geopolitical tensions
- Increased cost of key petrochemical feedstocks including ethylene oxide
- Significant increase in ocean freight rates due to disruption to regional shipping routes, reduced vessel capacity, and port congestion
Manufacturing Update
- Dahej facility achieved record production in ethoxylation operations during the quarter
- Capacity expansion commissioned in Q1 is now being utilized
- Continued strengthening of safety and sustainability practices, including progress on Responsible Care programme
Company Background
- Commenced production in 1963 in technical collaboration with Dai-ichi Kogyo Seiyaku (Japan)
- Develops and manufactures high-performance specialty chemicals for various industrial applications
- Focus on sustainability and innovation in business operations
- Key strengths: Research & Development, Quality Control, Innovation
- Manufacturing facilities: Dahej, Gujarat and Kurkumbh, Pune
- Industries catered to: Multiple industrial applications through specialty chemicals
Forward-Looking Statements Disclaimer
The company included standard forward-looking statements disclaimer noting that actual results could differ materially from expressed or implied statements and that the company undertakes no obligation to update forward-looking statements.