Meghmani Organics Limited announced its unaudited financial results for the quarter ended September 30, 2026 (Q2 FY27) through a regulatory filing under Regulation 30 of SEBI (LODR) Regulations, 2015.

Standalone Financial Performance (Q2 FY27 vs Q2 FY26)

  • Revenue from Operations: ₹658.2 crore (up 18% from ₹557.7 crore)
  • EBITDA: ₹70.9 crore (up 1% from ₹70.5 crore)
  • EBITDA Margin: 10.8% (down from 12.6%)
  • Net Profit: ₹45.3 crore (up 6% from ₹42.9 crore)
  • Net Profit Margin: 6.9% (down from 7.7%)

The company cited elevated input and logistics costs as the reason for margin contraction despite revenue growth.

Segment-wise Performance (Q2 FY27)

Crop Protection Segment (75% of total revenue):

  • Revenue: ₹496.7 crore
  • EBITDA: ₹54.6 crore
  • EBITDA Margin: 11.0%
  • Capacity Utilization: 72%
  • Production: 10,019 MT (flat YoY)

Pigments Segment (25% of total revenue):

  • Revenue: ₹161.5 crore
  • EBITDA: ₹16.3 crore
  • EBITDA Margin: 10.1%
  • Capacity Utilization: 51%
  • Production: 4,252 MT (up 13% YoY)

Half-Year Performance (H1 FY27 vs H1 FY26)

  • Revenue from Operations: ₹1,181.2 crore (up 3% from ₹1,150.3 crore)
  • EBITDA: ₹164.6 crore (up 9% from ₹151.0 crore)
  • EBITDA Margin: 13.9% (up from 13.1%)
  • Net Profit: ₹102.9 crore (up 23% from ₹83.4 crore)
  • Net Profit Margin: 8.7% (up from 7.3%)

Management Commentary

Mr. Ankit Patel, Chairman & Managing Director, commented that the company delivered healthy 18% YoY revenue growth but margins were impacted by sharp increases in input and logistics costs with realizations remaining broadly flat. He stated that while the near-term cost environment remains challenging, the company is taking focused measures to optimize product mix and improve operating efficiencies.

Corporate Development

The company received approval from the Hon'ble NCLT for the amalgamation of two wholly owned subsidiaries with Meghmani Organics Limited. This is expected to create a single, unified legal entity and enable optimal utilization of existing resources through consolidation of operations, deriving operational and financial synergies through prudent financial management and cost reduction.

Company Background

Meghmani Organics Limited is a fully integrated diversified chemical company with presence in Crop Protection, Crop Nutrition and Pigments. The company is among the top three global Phthalocyanine-based pigment players with 8% market share and among the top-10 pesticide manufacturers in India. The company has a global presence in 75+ countries and garners approximately 85% of its revenue from export markets as of FY26.