CHD Chemicals names Ankit Kothari managing director after profit turnaround

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Trading - Chemicals peers, median of 10sector+2.7%-4.0% vs sector

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AI summary

Unaudited September 2026 results were approved. Quarterly revenue rose to Rs 178.99 lakh versus Rs 113.04 lakh last year; profit after tax was Rs 18.11 lakh versus a Rs 5.17 lakh loss. Half-year revenue was Rs 291.36 lakh; profit after tax was Rs 5.86 lakh, versus a Rs 20.59 lakh loss. Mahtab Singh moved from managing director to non-executive director; Ankit Kothari was named managing director for five years, subject to shareholder approval.

Likely market impact

Profit improved, but gains remain small. The leadership handover may affect execution, and Ankit Kothari's appointment needs shareholder approval.