Laxmi Organic Industries Limited was established in 1989 and is in the business of specialty chemicals. The Company primarily manufactures Ethyl Acetate, Acetic Acid and Diketene Derivative Products (DDP). DDP is a specialty chemical group, the technology and business of which has been acquired by the company from Clariant Chemicals India Limited. The company’s business operations are carried in over 30 countries including 11 offices located in India
Q3 FY26 Earnings Results
- Revenue from Operations: Consolidated ₹718.68 cr, −8.6% YoY vs ₹786.34 cr, −9.2% QoQ vs ₹792 cr (standalone ₹707 cr, −7.9% YoY); decline due to weak demand, pricing moderation in acetyl intermediates/specialty chemicals, deferred orders.
- EBITDA: ₹53 cr, −41% YoY vs ₹78 cr, margin 6.96% (−254 bps YoY); PBDIT ₹46 cr (−41% YoY); depreciation method change to SLM reduced expense by ₹29 cr vs WDV.
- PAT: Consolidated ₹25 cr, −13% YoY vs ₹29 cr (−13% YoY), EPS ₹0.92 (−13% YoY); standalone ₹20 cr (−29% YoY vs ₹28 cr); 9M revenue ₹2,111 cr (−7% YoY), PAT ₹58 cr (−37% YoY).
- Other key metrics: ₹40 cr electricity liability reversal aided P&L; 9M consolidated PAT ₹58 cr (−37% YoY); zero deviation in IPO proceeds utilisation.
Management Commentary & Strategic Decisions
- Revenue pressure from global chemical demand softness, product phase-outs; margins resilient via cost control, depreciation change; Dahej facility progress.
- Strategic moves: Re-appointed Dr. Rajiv Banavali (Ind Dir); investor presentation ahead of Q3 meet; fluorination project advancement.
Q2 FY26 Earnings Results
- Revenue from Operations: ₹700 cr, −9% YoY vs ₹771 cr, +1% QoQ; specialty chemicals −20% YoY, essentials −5% YoY.
- EBITDA: ₹37 cr, −50% YoY vs ₹75 cr, margin 5.3% (−440 bps YoY).
- PAT: ₹11 cr, −61% YoY vs ₹28 cr (−48% QoQ vs ₹21 cr).
- Other key metrics: Gross margin 33.1% (−270 bps YoY); Dahej approval, Hitachi SF6-free gas MoU.
Management Commentary Q2
- Pricing headwinds, volume stability; cost control aided sequential gains.
- Strategic moves: Dahej operational, fluorination partnership; long-term diversification.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.