Jyoti Resins & Adhesives Limited, a key player in the synthetic wood adhesive industry, has announced its financial results for the second quarter and half-year ended September 30, 2025. The company's performance showcases stability in a competitive market environment.

Financial Highlights

Quarterly Performance

For the quarter ended September 30, 2025, Jyoti Resins and Adhesives reported a net profit of Rs. 1,716.00 lakhs, showing a slight decrease from Rs. 1,738.00 lakhs in the previous quarter but an improvement from Rs. 1,629.00 lakhs in the same quarter last year. The company's total income for Q2 FY2026 stood at Rs. 7,751.00 lakhs, compared to Rs. 7,816.00 lakhs in Q1 FY2026 and Rs. 6,798.00 lakhs in Q2 FY2025.

Half-Yearly Results

The half-yearly results for FY2026 indicate a marginal decline in net profit to Rs. 3,454.00 lakhs, compared to Rs. 3,505.00 lakhs in H1 FY2025. However, the company's total income for H1 FY2026 increased to Rs. 15,567.00 lakhs from Rs. 13,912.00 lakhs in the corresponding period of the previous year, reflecting a growth of approximately 11.9%.

Operational Performance

The company's revenue from operations for Q2 FY2026 was Rs. 7,438.00 lakhs, showing a slight decrease from Rs. 7,510.00 lakhs in Q1 FY2026 but a significant increase from Rs. 6,525.00 lakhs in Q2 FY2025. This growth in revenue indicates the company's ability to maintain its market position and potentially expand its customer base.

Financial Position

As of September 30, 2025, Jyoti Resins and Adhesives reported total assets of Rs. 38,206.00 lakhs, up from Rs. 36,827.00 lakhs as of March 31, 2025. The company's equity share capital remained unchanged at Rs. 1,200.00 lakhs, while other equity increased to Rs. 24,101.00 lakhs from Rs. 21,726.00 lakhs at the end of the previous financial year.

Management Commentary

The company's board of directors approved these unaudited financial results at their meeting held on November 11, 2025. The results were reviewed by the Audit Committee and have undergone a limited review by the statutory auditors, M/s. R Kabra & Co. LLP.

Investor Perspective

Jyoti Resins and Adhesives continues to maintain a strong earnings per share (EPS) of Rs. 14.00 for the quarter, consistent with both the previous quarter and the same quarter last year. This stability in EPS may be viewed positively by investors looking for consistent returns.

The company's performance reflects its resilience in the face of market challenges and its ability to maintain profitability. Investors may want to keep an eye on the company's future growth strategies and market expansion plans to assess its long-term potential in the synthetic wood adhesive industry.

Jyoti Resins & Adhesives , a leading synthetic wood adhesives manufacturer, reported a 9% year-over-year revenue growth to INR 75.00 crores in the first quarter, despite facing challenging market conditions. The company's performance reflects its resilience in a soft demand environment, attributed to early monsoons impacting the building materials sector.

Key Financial Highlights

• Revenue grew 9% year-over-year to INR 75.00 crores
• Adjusted revenue declined 5% to INR 70.00 crores due to soft demand conditions
• Volume declined by 3% due to early monsoons affecting demand
• EBITDA margins remained stable at 27.5%
• Capacity utilization stood at 65-70%

Operational Performance and Market Presence

Jyoti Resins continues to maintain a strong presence across 14 states in India, with a robust network of 13,000 dealers. The company's top five states contribute 75-80% of overall sales volumes, while newer markets are showing promising initial traction.

Marketing Initiatives and Brand Ambassador

In a significant move to boost brand visibility, Jyoti Resins onboarded noted actor Pankaj Tripathi as its brand ambassador. The company has launched multiple advertisements across several TV channels including AajTak, India TV, CNBC, and Zee Business, as well as on digital platforms like Instagram and Facebook.

Expansion Plans

Jyoti Resins announced ambitious capacity expansion plans:

1. Brownfield Expansion:

   • Capacity increase: 1,500 tons per month
   • Investment: INR 10.00 crore
   • Timeline: Next 6-12 months
   • Total capacity post-expansion: 3,500 tons per month

2. Greenfield Plant:

   • Planned investment: INR 45.00 crore
   • Timeline: Over two years

Geographic Expansion

As part of its growth strategy, Jyoti Resins has established 550 new retail counters in Uttar Pradesh. The company is also focusing on deepening its presence in existing markets while expanding into new territories.

Management Commentary

Utkarsh Patel, Managing Director of Jyoti Resins & Adhesives Limited, stated, "Quarter 1 witnessed early monsoons which led to softness in the demand for wood adhesives. However, while other competitors witnessed a sharp drop in sales, we were able to keep our volume drop within a 3% lower threshold of what we achieved last year."

He added, "We continue to be focused on reaching the INR 500.00 crore turnover mark over the next three years, led by volume growth. We also continue to guide for a long-term 22% to 25% EBITDA margin range."

Future Outlook

Despite the quarterly softness, Jyoti Resins maintains its target of achieving INR 500.00 crore turnover within three years from the existing INR 300.00 crore base. The management expects 15-20% annual volume growth over the medium term, supported by its expansion plans and marketing initiatives.

The company's focus on maintaining strong fundamentals, coupled with its strategic investments in capacity expansion and brand building, positions it well to capitalize on the growing demand for synthetic wood adhesives in India's construction and furniture industries.