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Aimco Pesticides Q2 FY27 results: net loss widens to ₹4.63 crore, revenue down 15.4%
Aimco Pesticides Ltd reported consolidated revenue of ₹38.58 crore in Q2 FY27, down 15.4% from ₹45.60 crore in the year-ago quarter. The company posted a net loss of ₹4.63 crore and basic EPS of -₹4.73, after profit of ₹0.61 crore in Q1 FY27. On a standalone basis, revenue was ₹34.99 crore and the net loss was ₹4.25 crore.
Key points
- Consolidated revenue of ₹38.58 crore was down 15.4% from ₹45.60 crore in Q2 FY26.
- EBITDA was a loss of ₹3.85 crore, with an EBITDA margin of -10.0% against -7.5% a year ago.
- Net loss of ₹4.63 crore and basic EPS of -₹4.73 compared with a net loss of ₹4.02 crore and EPS of -₹4.19 in Q2 FY26.
- Against Q1 FY27, revenue rose 75.6% to ₹38.58 crore from ₹21.97 crore, but the result moved to a net loss of ₹4.63 crore from ₹0.61 crore profit.
- For H1 FY27, revenue fell 35.5% to ₹60.55 crore and the net loss narrowed to ₹4.02 crore from ₹5.51 crore.
How did Aimco Pesticides perform in Q2 FY27?
Aimco Pesticides reported consolidated revenue of ₹38.58 crore for Q2 FY27, the July–September 2026 quarter, down 15.4% from ₹45.60 crore in Q2 FY26. Total expenses were lower at ₹43.66 crore against ₹50.39 crore, and other income was ₹0.13 crore. EBITDA was a loss of ₹3.85 crore with a margin of -10.0%, against a loss of ₹3.41 crore and a margin of -7.5% a year ago.
Profit before tax was a loss of ₹4.94 crore against ₹4.76 crore in Q2 FY26, and tax was ₹0.32 crore against ₹0.75 crore. The net loss was ₹4.63 crore, wider than the ₹4.02 crore loss a year ago, and basic EPS was -₹4.73 against -₹4.19. Net margin fell 3.2 percentage points to -12.0%.
Against the previous quarter, Q1 FY27, revenue rose 75.6% to ₹38.58 crore from ₹21.97 crore, but the result swung to a loss. EBITDA moved from ₹1.80 crore profit to a loss of ₹3.85 crore and the margin fell 18.2 percentage points to -10.0%. The net loss of ₹4.63 crore compared with ₹0.61 crore profit, and basic EPS of -₹4.73 compared with ₹1.24. On a standalone basis, revenue was ₹34.99 crore, down 23.5%, with a net loss of ₹4.25 crore.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 38.58 | 21.97 | 45.60 | −15.4% | +75.6% |
| Other income | 0.13 | 0.20 | 0.03 | +333.3% | −35.0% |
| Total expenses | 43.66 | 21.30 | 50.39 | −13.4% | +105.0% |
| EBITDA | −3.85 | 1.80 | −3.41 | turned to loss | |
| EBITDA margin | -10.0% | 8.2% | -7.5% | −2.5 pp | −18.2 pp |
| Profit before tax | −4.94 | 0.87 | −4.76 | turned to loss | |
| Tax | −0.32 | 0.26 | −0.75 | ||
| Net profit | −4.63 | 0.61 | −4.02 | turned to loss | |
| EPS (₹) | −4.73 | 1.24 | −4.19 | turned to loss |
EBITDA here is revenue from operations less operating costs (total expenses excluding finance costs and depreciation): before other income and exceptional items. Growth is shown only when both figures are positive. Source: Company's results filing (XBRL).
What changed in Aimco Pesticides' costs and profit?
Against Q2 FY26, cost of materials fell 33.7% to ₹24.21 crore, a decline of ₹12.33 crore, while revenue fell 15.4%. Employee cost was lower by ₹0.17 crore at ₹3.71 crore, finance costs were lower by ₹0.16 crore at ₹0.33 crore, and depreciation was unchanged at ₹0.89 crore. Other expenses fell 15.5% to ₹7.85 crore, a reduction of ₹1.44 crore.
Other income rose by ₹0.10 crore to ₹0.13 crore from ₹0.03 crore. Total expenses fell 13.4% to ₹43.66 crore, a decrease of ₹6.73 crore, which was less than the ₹7.02 crore fall in revenue. Tax was ₹0.32 crore against ₹0.75 crore. There was no exceptional item in either quarter, so the change in the result came from operating income and expenses rather than any exceptional charge.
Against the previous quarter, total expenses rose 105.0% to ₹43.66 crore from ₹21.30 crore, an increase of ₹22.36 crore, against revenue that rose ₹16.61 crore. Cost of materials rose 26.7% to ₹24.21 crore, other expenses rose 66.7% to ₹7.85 crore, and employee cost, finance costs and depreciation each were higher. Other income fell 35.0% to ₹0.13 crore from ₹0.20 crore, and tax moved to ₹0.32 crore from ₹0.26 crore. The company did not state a reason for the change in costs.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 24.21 | 36.54 | −12.33 | −33.7% |
| Employee cost | 3.71 | 3.88 | −0.17 | −4.4% |
| Finance costs | 0.33 | 0.49 | −0.16 | −32.7% |
| Depreciation | 0.89 | 0.89 | 0 | +0.0% |
| Other expenses | 7.85 | 9.29 | −1.44 | −15.5% |
| Total expenses | 43.66 | 50.39 | −6.73 | −13.4% |
| Other income | 0.13 | 0.03 | +0.10 | +333.3% |
| Tax | −0.32 | −0.75 | +0.43 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, Aimco Pesticides reported consolidated revenue of ₹60.55 crore, down 35.5% from ₹93.92 crore in H1 FY26. Total income was ₹60.72 crore against ₹94.05 crore, down 35.4%. The decline of ₹33.37 crore in revenue was larger than the fall of ₹33.33 crore in total income.
Profit before tax was a loss of ₹4.07 crore against a loss of ₹7.13 crore in H1 FY26, a narrower loss of ₹3.06 crore. The net loss was ₹4.02 crore compared with ₹5.51 crore, narrower by ₹1.49 crore, and EPS was -₹5.64 against -₹5.75. The loss narrowed despite lower revenue, as total expenses in the quarter fell faster than sales.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 60.55 | 93.92 | −35.5% |
| Profit before tax | −4.07 | −7.13 | |
| Net profit | −4.02 | −5.51 | |
| EPS (₹) | −5.64 | −5.75 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As on 30 September 2026, total assets were ₹137.31 crore against ₹129.59 crore as on 31 March 2026, and total equity was ₹13.62 crore against ₹17.66 crore. Borrowings were ₹14.06 crore against ₹14.59 crore, and cash and cash equivalents were ₹2.68 crore against ₹1.40 crore. Inventories stood at ₹56.25 crore, trade receivables at ₹32.07 crore and trade payables at ₹93.07 crore.
For H1 FY27, operating cash flow was negative ₹0.62 crore against ₹2.77 crore in H1 FY26. Investing cash flow was ₹3.18 crore against negative ₹1.13 crore, financing cash flow was negative ₹1.28 crore against negative ₹4.29 crore, and capital expenditure was ₹1.24 crore against ₹1.18 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 137.31 | 129.59 |
| Total equity | 13.62 | 17.66 |
| Borrowings | 14.06 | 14.59 |
| Cash and equivalents | 2.68 | 1.40 |
| Inventories | 56.25 | 54.08 |
| Trade receivables | 32.07 | 26.91 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | −0.62 | 2.77 |
| Cash from investing | 3.18 | −1.13 |
| Cash from financing | −1.28 | −4.29 |
| Capital expenditure | 1.24 | 1.18 |
Source: Company's results filing (XBRL).
How has Aimco Pesticides done over the last 8 quarters?
Revenue moved lower over the reported quarters from ₹52.64 crore in Q4 FY25 to ₹21.97 crore in Q1 FY27, before recovering to ₹38.58 crore in Q2 FY27. The high in the series shown was ₹52.64 crore in Q4 FY25 and the low was ₹21.97 crore in Q1 FY27, so the latest quarter sits between the two.
Profit after tax was positive in Q3 FY25 at ₹0.52 crore and in Q1 FY27 at ₹0.61 crore, and negative in the other quarters shown, including Q2 FY26 at negative ₹4.02 crore and Q4 FY26 at negative ₹4.16 crore. The latest quarter was a net loss of ₹4.63 crore. EBITDA margin was highest at 8.2% in Q1 FY27 and lowest at -14.4% in Q4 FY26, and stood at -10.0% in Q2 FY27.
How did other Pesticides & Agrochemicals companies do?
Sixteen other Pesticides & Agrochemicals companies had filed results for this quarter as on 6 November 2026, with a median revenue growth of 1.4%. Fourteen of them grew revenue faster than Aimco Pesticides, and two grew slower. Of the 16 peers whose profit was compared, five reported higher profit.
| Aimco Pesticides revenue growth (YoY) | −15.4% |
|---|---|
| Median of 16 other Pesticides & Agrochemicals companies | +1.4% |
| Companies with slower revenue growth than Aimco Pesticides | 2 of 16 |
| Companies with faster revenue growth than Aimco Pesticides | 14 of 16 |
| Companies whose net profit rose | 5 of 16 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Aimco Pesticides' revenue in Q2 FY27?
Revenue from operations was ₹38.58 crore, down 15.4% from ₹45.60 crore in Q2 FY26 (consolidated).
Did Aimco Pesticides make a profit in Q2 FY27?
No. It reported a net loss of ₹4.63 crore, against a net loss of ₹4.02 crore in Q2 FY26.
What was Aimco Pesticides' EPS in Q2 FY27?
Basic loss per share was ₹4.73, against a loss of ₹4.19 in Q2 FY26.
When did Aimco Pesticides announce its Q2 FY27 results?
On 5 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Meeting Of Board Of Directors To Be Held On November 05, 2026 (BSE, 26 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Dated November 05, 2026 (BSE, 5 November 2026) · PDF
- Unaudited Financial Results (Standalone And Consolidated) For The Second Quarter And Half Year Ended September 30, 2026 (BSE, 5 November 2026) · PDF
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