Bodal Chemicals Reports Q3FY26 Results with 13.30% Revenue Growth
Bodal Chemicals announced Q3FY26 financial results showing revenue growth of 13.30% to Rs. 5,046.57 million but net profit declined significantly to Rs. 2.42 million from Rs. 54.15 million in Q3FY25. The Board approved strategic land sales totaling 39.90 acres at Unit-12 to buyers who will consume the company's byproducts chlorine and hydrogen, supporting uninterrupted production and business targets.
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Bodal Chemicals Limited announced its Q3FY26 financial results during a Board meeting held on February 14, 2026. The company reported consolidated quarterly results for the quarter and nine months ended December 31, 2025, under Regulation 33 of SEBI (Listing Obligations and Disclosure Requirements) Regulations, 2015.
Financial Performance Overview
The company's consolidated financial results showed mixed performance across different periods. For Q3FY26, total income reached Rs. 5,046.57 million compared to Rs. 4,453.67 million in Q3FY25, representing 13.30% growth in revenue generation. However, net profit declined significantly to Rs. 2.42 million from Rs. 54.15 million in the corresponding quarter of the previous year.
| Metric: | Q3FY26 | Q3FY25 | Nine Months FY26 | Nine Months FY25 |
|---|---|---|---|---|
| Total Income: | Rs. 5,046.57 million | Rs. 4,453.67 million | Rs. 14,632.87 million | Rs. 13,034.99 million |
| Net Profit: | Rs. 2.42 million | Rs. 54.15 million | Rs. 157.68 million | Rs. 39.98 million |
| EBITDA: | Rs. 371.30 million | Rs. 464.00 million | Rs. 1,317.00 million | Rs. 1,210.50 million |
| Basic EPS: | Rs. 0.02 | Rs. 0.43 | Rs. 1.25 | Rs. 0.32 |
Strategic Land Sale Approvals
The Board approved two significant land disposal transactions as part of ongoing asset rationalization and monetization strategy. The first land sale involves 15.1875 acres at Unit-12 for a buyer who will set up a unit to consume the company's byproduct chlorine. The second covers 24.7083 acres at Unit-12 for a buyer who will consume the company's byproduct hydrogen, totaling 39.90 acres.
| Land Sale Details: | Specifications |
|---|---|
| First Plot: | 15.1875 acres (chlorine consumption unit) |
| Second Plot: | 24.7083 acres (hydrogen consumption unit) |
| Total Area: | 39.90 acres |
| Location: | Unit-12 |
| Purpose: | Uninterrupted production and achieving targets |
Operational Highlights and Challenges
The company implemented new Labour Codes effective November 21, 2025, resulting in increased gratuity liability of Rs. 17.97 million primarily due to changes in the definition of "wages" for employees and contract labours. During the nine months ended December 31, 2025, the company sold parts of Unit-II and Unit-III at Vatva, G.I.D.C., Ahmedabad, generating profit on sale included in Other Income.
Subsidiary Performance Impact
International subsidiaries showed mixed performance during Q3FY26. The company applied Ind AS 29 for its Turkish subsidiaries operating in hyperinflationary economies, resulting in a loss of Rs. 10.03 million for the quarter and Rs. 43.37 million for nine months ended December 31, 2025.
Trading Window and Compliance
The company announced that the trading window for dealing in securities will re-open from February 17, 2026. The Board meeting commenced at 11:50 a.m. and concluded at 1:10 p.m. on February 14, 2026, conducted through audio-visual means at the corporate office.
Historical Stock Returns for Bodal Chemicals
| 1 Day | 5 Days | 1 Month | 6 Months | 1 Year | 5 Years |
|---|---|---|---|---|---|
| +0.02% | -3.18% | -13.44% | -31.21% | -19.52% | -49.08% |
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