Incorporated in 1989, Vinati Organics Ltd manufactures specialty organic intermediaries and Monomers.
Q2 FY26 Earnings Results:
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Revenue from Operations: ₹546 crore, marginally up 1.52% QoQ but down 1.26% YoY from ₹553.32 crore.
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Net Profit After Tax (PAT): ₹129 crore, grew 10.26% QoQ and 21.7% YoY from ₹104.36 crore.
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Operating Profit Margin (EBITDA margin) excluding other income expanded to 30.41% (seven-quarter high), up from 29.46% in Q1 FY26 and 24.17% in Q2 FY25.
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PAT margin improved to 20.88% from 19.22% QoQ and 18.86% YoY, reflecting strong profitability despite flat revenues.
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Earnings Per Share (EPS): ₹12.45, up 10.25% QoQ.
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Completed Phase 1 of ATBS production capacity expansion, adding 10,000 metric tonnes per annum.
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Management guided for ~15% revenue growth and EBITDA margins of ~27% for FY26, supported by rising domestic antioxidant demand and anti-dumping duties on PVC imports.
Management Commentary & Strategic Insights:
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Management confident in rising demand for specialty chemicals and value-added products like IBB and ATBS.
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Cost control initiatives and process excellence underpin margin expansion.
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Focus on expanding product portfolio and strengthening export markets.
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Positive long-term outlook driven by global specialty and industrial chemical demand.
Q1 FY26 Earnings Results:
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Revenue: ₹542 crore, up 3.2% YoY.
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PAT: ₹113 crore, up 31.4% YoY.
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EBIT: ₹164 crore, up 29.5% YoY with EBIT margin at 25.1%.
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Strong double-digit growth credited to enhanced demand and operating leverage.
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Management highlighted continued investments in innovation and capacity expansion.
To view the company’s previous earnings and latest concall transcripts, click here to visit the Alphastreet India news channel.