Bodal Chemicals reported a sharp acceleration in profitability for the quarter ended June 30, 2026 (Q1FY27), with standalone net profit after tax (PAT) surging 179% year-on-year to ₹287.83 million. This performance significantly outpaced the previous year’s figure of ₹103.42 million and was underpinned by a robust 56% year-on-year expansion in revenue from operations to ₹6,982.96 million. The strong bottom-line growth reflects improved operational efficiency and successful pass-through of higher raw material costs to finished goods, driven by better demand across its integrated chemical divisions.

The Board of Directors approved the unaudited financial results on August 5, 2026, in compliance with Regulation 33 of the SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015. M/s. B N P S & Associates LLP, the Statutory Auditors of the Company, issued limited review reports for both standalone and consolidated results. Consolidated net profit also increased sharply to ₹303.79 million, up from ₹95.33 million in the prior year quarter, while consolidated revenue reached ₹7,090.41 million.

Financial Performance Highlights

Revenue from operations stood at ₹6,982.96 million for the quarter, compared to ₹5,770.99 million in the previous quarter and ₹4,448.47 million in the same quarter last year. Total income for the period reached ₹7,035.75 million. On the expense side, total expenses were recorded at ₹6,648.34 million, driven primarily by cost of materials consumed at ₹4,811.13 million and other expenses at ₹1,779.35 million. Profit before tax was ₹387.41 million, against which tax expense amounted to ₹99.58 million.

Consolidated EBITDA grew by 45% year-on-year to ₹751.00 million, although the EBITDA margin contracted slightly to 10.5% from 11.3% in Q1FY26, reflecting the impact of higher raw material costs linked to crude oil prices.

Segmental Growth Drivers

The investor presentation highlighted that the company’s integrated model and cascading effect resulted in better realization across divisions. Revenue from Dye Intermediates grew by 44% year-on-year to ₹2,166 million, driven by improved realization and volume. Dyestuff revenue grew by 23% year-on-year to ₹1,490 million, where improved realization helped absorb raw material pressure. Revenue from Basic Chemicals surged by 89% year-on-year to ₹839 million, mainly due to an increase in its main raw material, Sulphur. The Chlor Alkali business reported revenue of ₹870 million, a modest growth of 3% year-on-year.

Additionally, Saykha’s Benzene downstream division started contributing to the topline during the quarter, with management expecting gradual revenue growth from this segment. On the international front, Sener Boya, the Turkish subsidiary, reported revenue growth of 41% and a PAT of ₹22 million for Q1FY27. In contrast, the Chinese and Indonesian subsidiaries remained subdued during the quarter.

What the Numbers Show

The most notable aspect of this quarter’s performance is the disproportionate rise in profitability relative to revenue growth. While revenue increased by approximately 57% year-on-year, net profit surged by nearly 179%. This divergence suggests improved operational efficiency or margin expansion, despite the slight contraction in EBITDA margin. The recognition of ₹25.71 million in SGST incentive income under the Punjab Industrial Incentive Scheme contributed to revenue, subject to final verification by the competent authority. The company’s ability to pass on price effects due to better demand has been critical in maintaining margins amidst rising crude oil-linked raw material costs.

Key Disclosures and Notes

The financial results include the impact of Ind AS 29 – ‘Accounting of Hyperinflationary economies’ applied to subsidiaries in Turkey. A restatement impact of ₹13.10 million was debited to other expenses in the consolidated results for the quarter. The Group noted that four subsidiaries’ interim financial information had not been reviewed by their auditors but were deemed not material to the Group, with total income of ₹91.55 million and a net loss of ₹1.84 million. Two other subsidiaries’ results were reviewed by other auditors, reflecting total income of ₹73.57 million and net profit of ₹21.47 million.

Source: https://lodr-files.dhan.co/lodr-inputs/Company/INE338D01028/906fc7b1-8a79-40c7-bf57-8c21f3dce537.pdf

Bodal Chemicals Ltd has confirmed that its promoters and promoter group did not pledge or encumber their shares during the financial year ended March 31, 2026. The disclosure ensures that the shareholding structure of the key stakeholders remains free of any direct or indirect charges for the specified period.

The declaration was submitted by Suresh J. Patel, an authorised representative acting on behalf of the promoters and promoter group, in compliance with Regulation 31(4) of the SEBI Takeover Regulations 2011. The filing was addressed to the stock exchanges, BSE Ltd and National Stock Exchange of India Ltd, on April 04, 2026.

The document identifies eight individuals as part of the promoter and promoter group. Suresh J. Patel is listed as a Promoter, while the remaining members are classified under the Promoter Group.

Promoter and Promoter Group Details

The following table outlines the individuals comprising the promoter and promoter group of Bodal Chemicals as per the annexure provided in the filing:

A copy of the declaration was also forwarded to the Chairman and members of the Audit Committee of Bodal Chemicals Limited for their records.