Atul Limited , a leading chemical company, has announced its financial results for the second quarter of fiscal year 2026, demonstrating strong growth across key financial metrics.

Financial Highlights

Atul Limited has reported a significant increase in its standalone revenue from operations, which rose to ₹1,409.52 crore in Q2 FY2026, up from ₹1,278.68 crore in the same quarter last year, marking a robust growth of 13.5%. The company's net profit after tax saw an even more impressive surge, climbing to ₹172.31 crore from ₹128.75 crore year-over-year, representing a substantial increase of 33.8%.

Half-Year Performance

For the first half of FY2026, Atul Limited's standalone revenue grew to ₹2,714.08 crore from ₹2,486.19 crore in the corresponding period of the previous year. The net profit for the six-month period increased to ₹270.05 crore from ₹237.93 crore, indicating sustained growth momentum.

Consolidated Results

On a consolidated basis, Atul Limited's performance was equally impressive:

The consolidated quarterly revenue reached ₹1,551.85 crore, up from ₹1,392.83 crore in the previous year, while the net profit increased to ₹182.37 crore compared to ₹139.53 crore.

Segment Performance

Atul Limited operates through three main segments:

1. Life Science Chemicals
2. Performance and Other Chemicals
3. Others

The Performance and Other Chemicals segment emerged as the largest contributor to the company's revenue, generating ₹1,145.11 crore in Q2 FY2026.

Board Approval and Auditor's Review

The financial results were approved by Atul Limited's Board of Directors at their meeting held on October 17, 2025. Deloitte Haskins & Sells LLP, the company's statutory auditors, have carried out a limited review of these results and issued an unmodified opinion.

Atul Limited's strong performance in Q2 FY2026 reflects its resilience and strategic growth initiatives in the chemical sector. The company's ability to increase both revenue and profitability underscores its strong market position and operational efficiency.

ATUL has announced a significant move in the water treatment solutions sector, forming a 50:50 joint venture with Buckman Laboratories (Asia) Pte. Ltd. This strategic partnership aims to revolutionize water treatment technologies in India and Sri Lanka, with a focus on digitally-enabled solutions and sustainability.

Key Highlights of the Joint Venture

• Equal Partnership: ATUL and Buckman will each hold a 50% stake in the new joint venture company.
• Business Focus: The venture will manufacture, market, and deliver advanced water treatment solutions with digital and chemical technologies.
• Market Coverage: Operations will target India and Sri Lanka, with potential for expansion.
• Manufacturing Initiative: The joint venture aligns with India's "Make in India" initiative, planning to manufacture a comprehensive range of water treatment chemicals domestically.

Strategic Vision and Offerings

The joint venture, which will operate under the name 'Atul-Buckman', is set to become a leading player in water and environmental management in the region. Its strategic vision encompasses:

1. Introduction of next-generation treatment chemistries
2. Implementation of digital, data-driven water management solutions
3. Provision of comprehensive solutions supported by technical expertise

Industry Impact

The partnership is poised to serve various sectors, including:

• Chemical
• Food processing
• Power
• Pulp and paper
• Textiles
• Municipal and commercial utilities

By combining Buckman's renowned portfolio of water treatment chemistries and digital solutions with ATUL's strong manufacturing capabilities and market presence in India, the joint venture aims to address the growing domestic demand for advanced water treatment solutions.

Leadership Perspectives

Mr. Junai Maharaj, President and CEO of Buckman, expressed enthusiasm about the collaboration, stating, "Our partnership with ATUL reflects our commitment to growth in high-potential markets like India and to creating meaningful impact through chemistry and innovation for our customers and communities."

Mr. Sunil Lalbhai, Chairman and Managing Director of ATUL, commented, "We are pleased to partner with Buckman, a global expert in water treatment and sustainability. This initiative further reinforces our commitment to the environment and focuses on sustainability in all that we undertake."

Looking Ahead

The joint venture agreement was signed on August 7, 2025, with the anticipation that ancillary agreements and incorporation-related documentation will be completed by early October 2025. This strategic move positions both ATUL and Buckman to capitalize on the growing demand for sustainable and innovative water treatment solutions in the region, while supporting India's goals for sustainable industrial development and water conservation.

As industries increasingly prioritize efficient water management and environmental compliance, the Atul-Buckman joint venture is well-positioned to deliver cutting-edge solutions that combine chemical expertise with digital innovation, potentially reshaping the water treatment landscape in India and Sri Lanka.