Sector concallsChemicals
- Anupam Rasayan India Limited
- BASF India Limited
- Camlin Fine Sciences Limited
- Chemplast Sanmar Limited
- COSMO FIRST LIMITED
- DCW Limited
- Ester Industries Limited
- Ganesh Benzoplast Limited
- Gem Aromatics Limited
- Gujarat Fluorochemicals Limited
- Gujarat State Fertilizers & Chemicals Limited
- India Glycols Limited
- India Pesticides Limited
- Indigo Paints Limited
- Indo Borax & Chemicals Limited
- Indogulf Cropsciences Limited
- JSW Dulux Limited
- Kiri Industries Limited
- PI Industries Limited
- Prasol Chemicals Limited
- Pyramid Technoplast Limited
- Shree Pushkar Chemicals & Fertilisers Limited
- Sigachi Industries Ltd
- Solar Industries India Limited
- Stallion India Fluorochemicals Limited
- Sudarshan Chemical Industries Limited
Ganesh Benzoplast is divesting its JNPA, Goa and Cochin liquid tank farm business for INR1,154 crores to repay debt, return approximately INR200 crores via buyback and special dividend, and expand its chemical and EPC businesses.
- Divestment consideration for JNPA, Goa, Cochin and rail business
- ₹1,154 Cr
- Expected receipt before January of 2027
- approximately ₹500 Cr
Q1 FY27 was exceptionally strong on inventory gains from West Asia-led acetone price rises, while underlying mid-single-digit volume growth remained healthy and management guided for INR1,550 crores to INR1,650 crores revenue in FY27 with normalization of margins ahead.
- Revenue from operations - Q1 FY27
- ₹433.6 Cra growth of 35.7% YoY
- Gross margin - Q1 FY27
- 37.9%compared to 30% in Q1 FY26
Solar Industries agreed to acquire South Africa's Omnia Holdings for cash funded by debt and internal accruals to build an integrated global explosives and blasting solutions platform with backward integration into ammonium nitrate.
- Solar projected current year revenue
- ₹14,000 Cr
- Solar projected FY28 revenue
- ₹16,500 Cr
Q1 FY27 delivered 31.34% revenue growth and 59.31% profit growth from better utilization and realizations while Indo Borax moved to acquire 64.26% of Kronox Lab Sciences.
- Operating revenue
- ₹70.36 Cr+31.34% increase against ₹53.57 Cr in Q1 FY 26
- EBITDA
- ₹19.8 Crup by 62.16% vs ₹12.21 Cr in Q1 FY 26
Stallion India started FY27 with strong profit growth and is focusing on executing key expansion projects, including its high-purity helium and R32 manufacturing facilities, to drive future growth.
- Total Revenue
- 124.68 crores12.78%
- EBITDA
- 25.27 crore75.85%
The quarter was driven by a strong rebound in the BOPET film business due to improved industry pricing and capacity utilization, leading to a significant turnaround in consolidated profitability.
- Consolidated Total Income
- ₹441.9 Cr27.4%
- Consolidated EBITDA
- ₹58.9 Cr103.4%
The quarter delivered strong profit driven by treasury gains, while the core dyes business improved on better realizations and the major copper/fertilizer project advanced into construction.
- Standalone Revenue
- ₹295 Cr63%
- Standalone EBITDA Margin
- 5.86%
Indogulf's Q1 FY27 revenue declined 11% YoY due to delayed and uneven monsoons impacting sowing and demand, but gross margins expanded significantly to 28% from better product mix and procurement discipline.
- Revenue from Operations
- ₹168.5 Cr-11%
- Gross Margin
- 28%
PI Industries navigated near-term market softness while investing in new growth platforms, maintaining positive domestic volume growth and a strong balance sheet.
- Revenue
- ₹1,702.3 Cr
- EBITDA Margin
- 22%
Pyramid started FY27 with a structurally healthier operating platform, demonstrating resilient unit economics with improving EBITDA per ton despite a near-term volume disruption.
- Revenue
- ₹222 Cr36% YoY
- EBITDA Margin
- 10%
Indigo Paints posted first double-digit revenue quarter in almost two years with volume growth across all categories and a four-year high Q1 EBITDA margin, while closing its major capex cycle and pivoting to more aggressive top-line investment.
- Standalone revenue from operations
- ₹350 Crgrowth of 18.7%
- Standalone EBITDA
- ₹61.9 Crgrowth of 42%
Q1 FY27 profitability was severely impacted by temporary event-driven disruptions in the PVC business, though management expects normalization and improved performance in subsequent quarters as part of the company's strategic shift towards value-added specialty chemicals.
- Revenue from Operations
- ₹542 Cr+14% YoY, -11% QoQ
- EBITDA (including other income)
- ₹41.4 Cr-28% YoY, -41% QoQ
Anupam Rasayan began FY27 with strong 36% revenue growth, driven by new product commercialization and the strategic integration of acquisitions to build a diversified specialty chemicals platform.
- Consolidated Total Income
- ₹668 Cr36%
- Revenue from Operations
- ₹655 Cr
A strong Q1 driven by integration benefits, cost reduction initiatives, and a significant improvement in the acquired group's EBITDA provides a solid foundation for growth, despite navigating a challenging geopolitical environment.
- Revenue from Operations
- ₹2,642 Cr5%
- Reported EBITDA (One Sudarshan)
- ₹266 Cr60%+
The company posted strong double-digit revenue and profit growth across its diversified portfolio, led by a record EBITDA quarter and a strategic demerger plan approved by the NCLT.
- Net Revenue
- ₹1,130 Cr9%
- EBITDA
- ₹170 Cr13%
A seasonally soft quarter was impacted by clove supply disruptions, while the focus remains on ramping up higher-margin specialty products at the new Dahej facility to drive future growth.
- Revenue (Standalone)
- ₹83 Cr
- Revenue (Consolidated)
- ₹99 Cr
A challenging quarter marked by subdued domestic demand from erratic monsoon, offset by strategic progress on new manufacturing blocks and a key EU approval for fungicide exports.
- Consolidated Revenue
- ₹256 Cr-9.2%
- EBITDA
- ₹39 Cr
Sigachi reported steady Q1 results with improved MCC realizations and is progressing on capacity expansions while targeting a significant revenue ramp-up and margin improvement for the full year.
- Total Operating Income
- ₹121.27 Cr
- EBITDA
- ₹16.5 Cr
The company started the year with higher realizations offsetting lower volumes, setting a positive tone for profitability recovery while expansion projects near completion.
- Revenue
- ₹280.1 Cr10%
- EBITDA
- ₹31.9 Cr9.7%
GFL delivered strong broad-based growth in its core chemical segments, with fluorochemicals and fluoropolymers driving significant revenue and profit increases, while battery materials commercialization and key capacity expansions are on track to fuel future growth.
- Consolidated Revenue
- ₹1,588 Cr24%
- Consolidated PAT
- ₹219 Cr19%
The company delivered strong double-digit volume and revenue growth despite operational transitions and raw material cost pressures.
- Revenue
- ₹965 Cr18.8%
- Gross Margin
- ₹360.8 Cr2%
The company delivered a record first quarter with revenue up 29% and PBT up 166%, while executing portfolio simplification through the demerger of the agricultural solutions business and sale of the coatings business.
- Q1 FY27 Revenue
- ₹4,998 Cr+29%
- Q1 FY27 PBT (before exceptional items)
- ₹499 Cr+166%
Revenue growth was strong, but margins were severely impacted by geopolitical raw material costs, which the company expects to partially recover over the next two quarters.
- Revenue
- ₹519.9 Cr28%
- EBITDA Margin
- 4%
The quarter saw strong sales growth driven by raw material price pass-through and volume gains, with profitability improving across all B2B businesses and management now focused on ROCE improvement and debt reduction.
- Consolidated Sales
- ₹1,166 Cr46%
- EBITDA
- ₹147 Cr26%
The quarter was shaped by severe margin compression in the PVC segment due to high-cost VCM inventory and market volatility, partially offset by a strong recovery in the Custom Manufactured Chemicals Division.
- Consolidated Revenue
- ₹1,125 Cr
- Consolidated EBITDA
- INR-115 crores loss
Record Q1 revenue was driven by high fertilizer sales, but profitability was pressured by unprecedented raw material inflation, particularly in sulfur.
- Consolidated Sales
- ₹3,583 Cr64%
- Profit After Tax (PAT)
- ₹159 Cr14%