Q2 FY27 net profit falls 70% as export and margin pressures offset growth

Management guided margin pressureManagement guided margin improvementInvestor Communications View source PDF Explain this filing

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Price reactionminutes from the announcement price · days from the prior close

-19.4%Reaction day

₹2193.90

prior close

₹2057.20

announcement price

After-mkt

timing

Nifty Midcap 150market+1.9%-21.3% vs market

Pesticides & Agrochemicals peers, median of 28sector-0.2%-19.2% vs sector

On the reaction day the stock moved 21.3 pts less than Nifty Midcap 150 and 19.2 pts less than its Pesticides & Agrochemicals peers, over the same two closes: a difference in percentage points, not a measure of what the filing did.

Minutes after the announcementfrom the announcement price · no benchmark

Stock

-4.3

10m

-4.3

15m

-4.3

30m

-8.1

Sessions after the filingfrom the prior close

StockMarketvs marketSectorvs sector

Reaction day

-19.4+1.9-21.3-0.2-19.2

Next day

-20.9pendingpending+0.1-21.1

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15d

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UpDownMarket · Nifty Midcap 150Sector · Pesticides & Agrochemicals peers, median of 28Pending

Minute windows have no benchmark: there is no intraday index history to compare against.

AI summary

Q2 FY27 consolidated revenue fell to INR 17,018 million from INR 18,723 million; net profit dropped to INR 1,222 million from INR 4,093 million. Gross margin eased to 49% from 57%. Domestic revenue rose 19%, but agrochemical exports fell 18% amid weak demand and pricing pressure. Biologicals grew over 45% and Health Sciences 20%. Working capital improved by 18 days, releasing INR 2,981 million cash; management expects margins to normalise.

Likely market impact

Lower exports and margin compression hurt near term, but domestic and new-business growth plus INR 2,981 million cash release support the outlook.