Q2 FY27 profit rebounds; order book at Rs 137 crore
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On the reaction day the stock moved 2.2 pts less than Nifty Microcap 250 and 2.0 pts less than its Commodity Chemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.
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Innovassynth presented its Q2 FY27 results. Half-year revenue rose to Rs 106.88 crore from Rs 29.93 crore. Profit before depreciation, interest and tax was Rs 16.64 crore versus a Rs 26.63 crore loss; profit after tax was Rs 8.23 crore versus a Rs 31.32 crore loss. Q2 revenue was Rs 47.55 crore and profit after tax Rs 1.50 crore. Order book was Rs 137 crore. Management expects a better second half after sales spillover and higher input costs.
A profit turnaround and Rs 137 crore order book may support the stock, though Q2 margins were thin and input costs remain a risk.