Q2 revenue rises 23.6%, but profit falls 31.8% as margins narrow

Revenue growth above 20%EBITDA margin compressionResults View source PDF Explain this filing

VINATIORGA · price

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

-5.2%Reaction day

₹1039.90

prior close

₹992.20

announcement price

In-mkt

timing

Nifty Microcap 250market · in no size index; the smallest one is used-2.5%-2.7% vs market

Specialty Chemicals peers, median of 97sector-2.0%-3.2% vs sector

On the reaction day the stock moved 2.7 pts less than Nifty Microcap 250 and 3.2 pts less than its Specialty Chemicals 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

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30m

-1.0

Sessions after the filingfrom the prior close

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Reaction day

-5.2-2.5-2.7-2.0-3.2

Next day

-8.2-1.1-7.1+0.1-8.3

-8.0-0.8-7.2-0.1-7.9

-4.1+1.3-5.5+0.8-4.9

-2.4+2.5-4.9+1.9-4.3

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UpDownMarket · Nifty Microcap 250Sector · Specialty Chemicals peers, median of 97Pending

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AI summary

Vinati Organics approved unaudited standalone and consolidated results for Q2 and H1 ended 30 September 2026. Consolidated Q2 revenue rose 23.6% to Rs 680.21 crore, but profit after tax fell 31.8% to Rs 78.36 crore. H1 revenue rose 37.3% to Rs 1,376.12 crore, while profit after tax fell 14.5% to Rs 187.22 crore. The auditor gave an unqualified review.

Likely market impact

Higher sales and positive operating cash flow support the business, but lower profit and sharply narrower margins may weigh on shareholder sentiment.

By the numbersConsolidated · Q2 FY27 vs Q2 FY26

	Q2 FY27	Q2 FY26	Change
Revenue	₹680.2 Cr	₹550.2 Cr	+23.6%
Operating profit	₹92.96 Cr	₹141.2 Cr	−34.2%
Profit after tax	₹78.36 Cr	₹114.9 Cr	−31.8%
EBITDA margin	18.5%	30.4%	−11.9 pp

From the company's XBRL filing, not from the text above. Operating profit = profit before tax − exceptional items − other income. EBITDA = profit before tax + finance costs + depreciation − other income.