IVP Limited Reports 20% Revenue Growth in Q2 FY26, Driven by Festive Demand

IVP Limited , a pioneer in industrial solutions since 1929, has reported a strong performance for the second quarter of fiscal year 2026. The company, known for its foundry chemicals and polyurethane products, has seen significant growth in both revenue and profitability.

Key Financial Highlights

Revenue Growth: IVP Limited's revenue from operations surged by 20% year-on-year to ₹146.95 crores in Q2 FY26, up from ₹122.01 crores in Q2 FY25.
EBITDA Performance: The company's EBITDA (Earnings Before Interest, Taxes, Depreciation, and Amortization) saw a substantial increase of 42% year-on-year, reaching ₹8.99 crores.
Profit After Tax: Net profit showed impressive growth, rising by 85% year-on-year to ₹4.00 crores in Q2 FY26.

Financial Performance Overview

Particulars (₹ in Crores)	Q2 FY25	Q2 FY26	Y-o-Y Change
Revenue from Operations	122.01	146.95	20%
EBITDA	6.32	8.99	42%
EBITDA Margin (%)	5.18	6.12	94 bps
Profit After Tax	2.16	4.00	85%

Drivers of Growth

The company attributes its strong performance to several factors:

Festive Season Demand: The second quarter coincided with the festive season in India, which traditionally sees increased consumer spending and industrial activity.
Operational Efficiencies: IVP Limited reported improvements in its foundry chemicals and polyurethane segments, which contributed to the enhanced profitability.
Market Expansion: The company's diverse product portfolio, serving over 500 clients across various industries, may have helped in capturing a larger market share.

Management Commentary

While specific management comments were not provided, the financial results suggest that IVP Limited's strategies for growth and operational efficiency are yielding positive results. The significant improvement in EBITDA margin from 5.18% in Q2 FY25 to 6.12% in Q2 FY26 indicates better cost management and potentially improved pricing power.

Looking Ahead

As IVP Limited continues to leverage its strengths in the chemical industry, investors and market watchers will be keen to see if the company can maintain this growth trajectory. The company's ability to capitalize on festive season demand while improving operational efficiencies could be a positive indicator for future performance.

However, it's important to note that while the quarterly results are impressive, a broader view of the company's performance over time would provide more context. Investors may want to consider factors such as:

The sustainability of the revenue growth in non-festive quarters
The company's strategies for maintaining and improving profit margins
Any expansion plans or new product developments that could drive future growth

As always, potential investors should conduct thorough research and consider various factors before making investment decisions.

IVP Limited, with its long-standing history and diversified product portfolio, appears to be positioning itself well in the competitive chemical industry landscape. The coming quarters will be crucial in determining whether this growth momentum can be sustained in the long term.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
-0.07%	-3.30%	+5.66%	-9.65%	-15.68%	+214.14%

IVP Limited , a leading manufacturer of chemicals, has announced its unaudited financial results for the second quarter and half-year ended September 30, 2025, showcasing significant growth in profitability and steady revenue expansion.

Quarterly Performance Highlights

The company reported a remarkable 247% increase in quarterly profit, reaching ₹400.00 lakhs compared to ₹119.00 lakhs in the previous quarter. This substantial growth in profitability underscores IVP Limited's operational efficiency and market positioning.

Revenue from operations for Q2 grew by 6.3% to ₹14,695.00 lakhs, up from ₹13,819.00 lakhs in the previous quarter, indicating a positive trend in the company's core business activities.

Key Financial Metrics

Particulars (₹ in Lakhs)	Q2 FY2026	Q1 FY2026	Q2 FY2025	% Change (QoQ)	% Change (YoY)
Revenue from Operations	14,695.00	13,819.00	12,201.00	6.3%	20.4%
Total Income	14,784.00	13,925.00	12,280.00	6.2%	20.4%
Profit Before Tax	530.00	170.00	309.00	211.8%	71.5%
Profit After Tax	400.00	119.00	216.00	236.1%	85.2%
Earnings Per Share (₹)	3.87*	1.15*	2.09*	236.5%	85.2%

*Not annualized

Half-Year Performance

For the half-year ended September 30, 2025, IVP Limited reported:

Revenue from operations of ₹28,514.00 lakhs, up 9.6% from ₹26,027.00 lakhs in the corresponding period last year.
Profit after tax of ₹519.00 lakhs, compared to ₹559.00 lakhs in the same period of the previous year, showing a slight decrease of 7.2%.

Balance Sheet Highlights

As of September 30, 2025:

Total assets stood at ₹33,112.00 lakhs
Total equity reached ₹14,403.00 lakhs
Current assets were reported at ₹25,886.00 lakhs

Management Commentary

The Board of Directors approved these results at their meeting held on November 5, 2025. The company operates primarily in the manufacturing of chemicals business, which is its only reportable operating segment as per Ind AS 108.

Conclusion

IVP Limited's Q2 FY2026 results demonstrate strong growth in profitability and steady revenue expansion. The significant increase in quarterly profit, coupled with consistent revenue growth, indicates effective cost management and robust demand for the company's chemical products. However, investors should note the slight year-over-year decline in half-yearly profit, which may warrant attention to the company's long-term profitability trends.

As IVP Limited continues to navigate the dynamic chemicals market, its financial performance in the coming quarters will be crucial in determining the sustainability of its current growth trajectory.