Indo Rama Synthetics reported a standalone net profit of ₹55.05 crore for the second quarter of FY27, marking a 139% year-on-year increase from ₹23.04 crore in the corresponding period last year.

The polyester manufacturer’s revenue from operations grew 7% YoY to ₹1,248.33 crore, driven by improved operational efficiency and cost management. The company operates in a single segment focused on manufacturing and trading of polyester goods.

Financial Performance Highlights

The company’s profitability saw significant improvement due to better operating margins and reduced finance costs. Below is the summary of key standalone financial metrics for Q2FY27:

What the Numbers Show

A closer look at the expense structure reveals that while revenue grew modestly by 7%, the cost of materials consumed remained relatively flat at ₹942.04 crore compared to ₹938.30 crore in Q2FY26. This stability in input costs against higher sales volume led to an expansion in operating profit before depreciation and interest, which rose to ₹93.14 crore from ₹71.20 crore YoY. Additionally, finance costs declined slightly to ₹25.65 crore from ₹28.74 crore, further boosting bottom-line performance.

Consolidated Results

On a consolidated basis, Indo Rama Synthetics posted a net profit of ₹74.08 crore for Q2FY27, up from ₹24.55 crore in Q2FY26. Consolidated revenue stood at ₹1,340.64 crore, reflecting growth across its subsidiary operations including Indorama Ventures Yarns Private Limited and others.

The board meeting held on October 16, 2026, approved these unaudited standalone and consolidated financial results along with the limited review reports submitted by the statutory auditors, S S Kothari Mehta & Co. LLP.

Indo Rama Synthetics promoter Urmila Lohia purchased 4,14,796 equity shares in the company through open market transactions on September 8 and 9, 2026.

The acquisition was disclosed under Regulation 7(2) of the SEBI (Prohibition of Insider Trading) Regulations, 2015. The trades were executed on the National Stock Exchange of India Limited (NSE).

Transaction Details

Lohia completed the purchase in two tranches over consecutive days. The first transaction involved 2,17,137 shares valued at ₹1,60,96,417, executed on September 8, 2026. The second tranche consisted of 1,97,659 shares valued at ₹1,52,97,171, executed on September 9, 2026.

Holding Pattern

Prior to these acquisitions, Lohia held 5,42,09,930 equity shares, representing 20.76% of the company’s share capital. Following the purchases, her total holding increased to 5,46,24,726 shares.

The disclosure was submitted by Ashok Yadav, Company Secretary and Compliance Officer, on September 10, 2026. No derivative trading activity was reported for this period.