IVP Limited Reports 247% Surge in Q2 Profit, Revenue Grows 6.3%

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.

1 Day	5 Days	1 Month	6 Months	1 Year	5 Years
+1.58%	+2.73%	+7.71%	-4.08%	-29.90%	+305.80%

IVP Limited , a leading manufacturer of industrial chemicals, has released its investor presentation for the quarter ended June 30, 2025, revealing a challenging start to the fiscal year. The company, which specializes in Phenolic Resins and Polyurethane Resins, faced headwinds in both its core business verticals.

Financial Performance

For Q1 FY26, IVP Limited reported:

Metric	Q1 FY26	Q1 FY25	YoY Change
Revenue from Operations	138.19	138.26	-0.05%
EBITDA	5.31	7.63	-30.00%
EBITDA Margin	3.84%	5.52%	-168 bps
Profit After Tax	1.19	3.43	-65.00%

The company's revenue remained nearly flat year-over-year, while profitability metrics showed significant declines. EBITDA fell by 30% to ₹5.31 crores, with the EBITDA margin contracting by 168 basis points to 3.84%. Profit after tax saw a sharp 65% drop to ₹1.19 crores.

Challenges and Market Conditions

IVP Limited attributed the weak performance to several factors:

Subdued demand in the chemical industry
Volatile prices of imported raw materials
Reduced customer production due to early monsoon onset
Intense competition from lower-priced imports

These challenges put pressure on both volumes and margins across the company's product lines.

Business Verticals and Operations

IVP Limited operates in two main business segments:

Phenolic Resins (Foundry Chemicals): Used in metal casting processes, known for thermal stability and mechanical strength.
Polyurethane Resins: Focused on foam solutions for the footwear industry and adhesives for flexible packaging.

The company maintains state-of-the-art manufacturing facilities in Tarapur and Bengaluru, with a combined annual production capacity of 50,000 tonnes.

Management Outlook

Mandar Joshi, Whole Time Director and CEO of IVP Limited, commented on the results: "The chemical industry in India in general was affected by weak demand during Q1FY26. Imported raw material prices remained volatile considering the volatility in crude prices, forex rates and geo-political situations."

Looking ahead, Mr. Joshi expressed cautious optimism: "India's healthy GDP growth is expected to support domestic demand. IVP, with its focus on the domestic market, aims to grow volumes and increase market share. Our installed capacities, diverse product portfolio, and R&D efforts position us well to capitalize on emerging opportunities and drive improved performance as demand recovers."

Strategic Initiatives

To address the challenges and improve performance, IVP Limited is focusing on:

Maximizing asset utilization, particularly in the Polyurethane business
Diversifying into higher-margin segments within the Polyurethane domain
Optimizing the balance sheet through deleveraging and working capital management

The company believes these strategies will help in navigating the current market conditions and position it for future growth.

As IVP Limited navigates through these challenging times, investors and industry observers will be keenly watching how the company's strategies unfold in the coming quarters to reverse the trend of declining profitability.