Financial Performance Highlights
Quarterly Performance (Q2 FY27):
- Total Revenue: ₹234.3 crores (36.6% YoY growth from Q2FY26's ₹169.3 crores)
- Gross Profit: ₹78.6 crores
- Operating EBITDA: ₹31.1 crores
- Operating EBITDA Margin: 13.3%
- Profit Before Tax (PBT): ₹24.4 crores
- Profit After Tax: ₹19.0 crores
- Profit After Tax Margin: 8.3%
Half-Yearly Performance (H1 FY27):
- Total Revenue: ₹422.4 crores (21.2% YoY growth from H1FY26's ₹346.3 crores)
- Gross Profit: ₹148.5 crores
- Operating EBITDA: ₹60.6 crores
- Operating EBITDA Margin: 14.4%
- Profit Before Tax (PBT): ₹48.1 crores
- Profit After Tax: ₹35.9 crores
- Profit After Tax Margin: 8.6%
Quarterly Comparison:
- Q1FY27 Revenue: ₹188.1 crores
- Q1FY27 Operating EBITDA: ₹29.5 crores (15.7% margin)
- Q1FY27 Profit After Tax: ₹16.8 crores (9.0% margin)
Operational Highlights
Capacity Expansion: During Q2 FY27, the company enhanced its Solar Grade DHF manufacturing capacity from 20,000 MTPA to 25,000 MTPA through debottlenecking, representing a 25% increase in installed capacity. This was achieved by incurring nominal capital expenditure.
New Product Development: The company expanded its product portfolio by introducing new value-added specialty products within its existing customer base.
Fundraising: The company completed a preferential issue of approximately ₹100 crores, led by promoter Anupam Rasayan, to strengthen its financial position and support expansion plans.
Project Update: The HFC-32 refrigerant gas project continues to progress as per the pre-determined timeline.
Management Commentary
Mr. Afzal Malkani, Managing Director, commented on the performance:
- Q2 FY27 was a landmark quarter with highest-ever quarterly revenue of approximately ₹230 crores
- Growth was driven by realization growth and new product introductions
- Gross margins were impacted by higher sulphur prices and initially subdued margins on new products
- The company's pricing mechanism allows passing on input cost increases to customers
- Signs of price moderation in sulphur are emerging
- H2 FY27 is expected to deliver stronger performance than H1 FY27 due to improved operating leverage from raw material price moderation and scale-up of newly introduced products
Company Background
TANFAC Industries Limited is a joint sector company promoted by Anupam Rasayan India Limited and Tamil Nadu Industrial Development Corporation (TIDCO). The company manufactures Anhydrous Hydrofluoric Acid, Solar Grade DHF, Sulphuric Acid, Specialty Chemicals, Potassium Fluoride, Aluminium Fluoride and other value-added products. The manufacturing facilities are located in SIPCOT Industrial Estate, Cuddalore, Tamil Nadu, spread over 60 acres. The company is ISO 9001-2015, 14001-2015 and ISO 45001-2018 certified.