Amal Ltd - Result Jan 26
Price
▲ positive · ▼ negative · ● neutral filings · teal = economic event · numbered = multiple that day (click to pick). Times IST.
Awaiting price reaction for this filing.
Amal Ltd, a bulk chemicals manufacturer (Lalbhai Group), reported strong revenue growth but a sharp fall in profits for Q3 FY26. Standalone revenue rose ~36% YoY to ₹2,200.73 lakh, but standalone profit after tax fell ~62% YoY to ₹144.82 lakh. On a consolidated basis (including subsidiary Amal Speciality Chemicals), revenue grew ~37% YoY to ₹6,259.12 lakh while PAT dropped ~70% YoY to ₹501.99 lakh. For nine months, standalone revenue jumped ~60% to ₹5,488.52 lakh and consolidated revenue rose ~70% to ₹16,390.14 lakh, but standalone PAT fell ~44% to ₹272.77 lakh and consolidated PAT slipped ~9% to ₹2,048.14 lakh. The profit squeeze was driven by cost of materials consumed more than doubling YoY, compressing margins sharply. Auditors Deloitte Haskins & Sells LLP issued a clean limited review report with no modifications.
Positive top-line momentum signals volume/business expansion, but sharply lower profitability despite revenue growth is a concern — margin compression could weigh on the stock sentiment in the short term, even though the nine-month consolidated PAT remains healthy in absolute terms.