Financial Performance Overview

Quarterly Performance (Q4 FY26 vs Q4 FY25)

  • Total Income: Rs. 97.75 crore (up 22.3% YoY from Rs. 79.91 crore)
  • Volume (CSL): 20,934 MT (up 8.72% YoY from 19,256 MT)
  • EBITDA (including other income): Rs. 13.72 crore (up 36.03% YoY from Rs. 10.08 crore)
  • EBITDA Margin: 14.03% (expanded 141 bps from 12.62%)
  • Profit After Tax: Rs. 4.39 crore (up 68.64% YoY from Rs. 2.60 crore)

Full Year Performance (FY26 vs FY25)

  • Total Income: Rs. 393.10 crore (up 44.62% YoY from Rs. 271.82 crore)
  • Volume (CSL): 84,690 MT (up 29.7% YoY from 65,275 MT)
  • EBITDA (including other income): Rs. 66.38 crore (up 159.24% YoY from Rs. 25.60 crore)
  • EBITDA Margin: 16.89% (expanded 747 bps from 9.42%)
  • Profit After Tax: Rs. 28.49 crore (up 360.9% YoY from Rs. 6.18 crore)

Quarterly Sequential Performance (Q4 FY26 vs Q3 FY26)

  • Total Income: Rs. 97.75 crore (up 3.87% QoQ from Rs. 94.11 crore)
  • Volume (CSL): 20,934 MT (down 0.10% QoQ from 20,956 MT)
  • EBITDA (including other income): Rs. 13.72 crore (up 26.02% QoQ from Rs. 10.88 crore)
  • EBITDA Margin: 14.03% (expanded 247 bps from 11.56%)
  • Profit After Tax: Rs. 4.39 crore (down 4.77% QoQ from Rs. 4.61 crore)

Performance Drivers

Volume and Revenue Growth

  • Healthy volume expansion across key products, particularly Chlorinated Paraffin Wax and Caustic Soda Lye
  • Stable product realizations supporting revenue growth
  • Improved plant utilization contributing to higher production volumes

Margin Expansion Factors

  • Better operating leverage from increased production scale
  • Improved fixed-cost absorption
  • Enhanced operational efficiencies
  • Cost savings in electricity from solar energy generation
  • Partially offset by elevated power & fuel expenses

Management Commentary

Mr. Ajay Virmani, Managing Director

  • FY26 represented strong operational and financial progress driven by healthy demand and improved production efficiencies
  • Focus on optimizing plant efficiencies and strengthening operational reliability
  • Profitability improvement supported by higher scale, stronger operating efficiencies, and disciplined cost management
  • Optimistic about demand environment and superior realization in caustic soda lye for FY27
  • Commissioning of renewable power infrastructure expected to support energy optimization and improve long-term competitiveness

Mr. Madhav Dhir, Executive Director

  • Strong growth reflects benefits of higher production, improved capacity utilisation, and better product mix
  • Successful completion of warrant issue strengthened financial flexibility
  • 21MW solar plant in Bikaner expected to become operational by mid-June 2026, leading to cost reduction and enhanced profitability
  • Focus on cost optimisation and sustainable growth continues

Operational and Strategic Initiatives

Manufacturing Capacity

  • Installed capacity of 300 MT per day of Caustic Soda
  • 50 TPD Chlorinated Paraffin Wax (CPW) capacity
  • Manufacturing facility on 84 acres in Alwar, Rajasthan

Renewable Energy Projects

  • 16 MW solar park on 45 acres in Bikaner, Rajasthan
  • 10 MW Hybrid group captive project in Jaisalmer
  • 21MW solar plant in Bikaner expected operational by mid-June 2026

Product Portfolio

The company produces Caustic Soda Lye, Sodium Hypo, Hydrogen Gas, Liquid Chlorine, HCL, CPW (Chlorinated Paraffin Wax) and other chemicals.