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Dutron Polymers Q2 FY27 results: net profit ₹1.39 crore vs ₹0.34 crore, revenue up 162.3%
Dutron Polymers Limited reported standalone revenue of ₹50.99 crore and a net profit of ₹1.39 crore for Q2 FY27. Revenue rose 162.3% from Q2 FY26, while EBITDA increased to ₹2.19 crore and the EBITDA margin edged up to 4.3%.
Key points
- Revenue was ₹50.99 crore in Q2 FY27, up 162.3% from ₹19.44 crore in Q2 FY26.
- EBITDA was ₹2.19 crore, up 195.9% year on year, with the margin at 4.3%.
- Net profit was ₹1.39 crore against ₹0.34 crore a year earlier, while basic EPS was ₹2.32.
- Revenue rose 86.5% from ₹27.34 crore in Q1 FY27, and net profit rose 98.6% from ₹0.70 crore.
- There was no exceptional item in Q2 FY27, Q1 FY27 or Q2 FY26.
How did Dutron Polymers perform in Q2 FY27?
Dutron Polymers reported standalone revenue of ₹50.99 crore for Q2 FY27, compared with ₹19.44 crore in Q2 FY26 and ₹27.34 crore in Q1 FY27. The year-on-year increase was 162.3%, while the sequential increase was 86.5%. Total income was ₹51.28 crore, against ₹19.59 crore a year earlier and ₹27.48 crore in the previous quarter.
EBITDA was ₹2.19 crore, up 195.9% from ₹0.74 crore in Q2 FY26 and 100.9% from ₹1.09 crore in Q1 FY27. The EBITDA margin was 4.3%, compared with 3.8% a year earlier and 4.0% in the previous quarter. Profit before tax was ₹1.79 crore, while tax was ₹0.40 crore.
Net profit was ₹1.39 crore, compared with ₹0.34 crore in Q2 FY26 and ₹0.70 crore in Q1 FY27. Basic EPS was ₹2.32, against ₹0.56 a year earlier and ₹1.17 in the previous quarter. The filing covered unaudited standalone results; no consolidated figures were provided.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 50.99 | 27.34 | 19.44 | +162.3% | +86.5% |
| Other income | 0.29 | 0.14 | 0.15 | +93.3% | +107.1% |
| Total expenses | 49.49 | 26.58 | 19.05 | +159.8% | +86.2% |
| EBITDA | 2.19 | 1.09 | 0.74 | +195.9% | +100.9% |
| EBITDA margin | 4.3% | 4.0% | 3.8% | +0.5 pp | +0.3 pp |
| Profit before tax | 1.79 | 0.90 | 0.54 | +231.5% | +98.9% |
| Tax | 0.40 | 0.20 | 0.20 | +100.0% | +100.0% |
| Net profit | 1.39 | 0.70 | 0.34 | +308.8% | +98.6% |
| EPS (₹) | 2.32 | 1.17 | 0.56 | +314.3% | +98.3% |
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 Dutron Polymers' costs and profit?
Total expenses were ₹49.49 crore in Q2 FY27, up ₹30.44 crore from ₹19.05 crore in Q2 FY26 and ₹22.91 crore from ₹26.58 crore in Q1 FY27. Cost of materials consumed was ₹46.77 crore, up ₹27.10 crore year on year, while employee benefit expenses were ₹4.09 crore, up ₹1.88 crore.
Other income was ₹0.29 crore, up ₹0.14 crore from ₹0.15 crore a year earlier and ₹0.15 crore from ₹0.14 crore in the previous quarter. Finance costs were ₹0.22 crore, depreciation was ₹0.46 crore and other expenses were ₹0.58 crore. There was no exceptional item in either comparison period.
Tax expense was ₹0.40 crore, up ₹0.20 crore from ₹0.20 crore in Q2 FY26 and ₹0.20 crore from ₹0.20 crore in Q1 FY27. Profit before tax increased by ₹1.25 crore year on year and ₹0.89 crore sequentially, while net profit rose by ₹1.05 crore and ₹0.69 crore, respectively. The filing did not state reasons for the changes in the cost lines.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 46.77 | 19.67 | +27.10 | +137.8% |
| Employee cost | 4.09 | 2.21 | +1.88 | +85.1% |
| Finance costs | 0.22 | 0.11 | +0.11 | +100.0% |
| Depreciation | 0.46 | 0.24 | +0.22 | +91.7% |
| Other expenses | 0.58 | 0.29 | +0.29 | +100.0% |
| Total expenses | 49.49 | 19.05 | +30.44 | +159.8% |
| Other income | 0.29 | 0.15 | +0.14 | +93.3% |
| Tax | 0.40 | 0.20 | +0.20 | +100.0% |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As of 30 September 2026, total assets were ₹44.26 crore, compared with ₹41.71 crore as of 31 March 2026. Total equity was ₹32.34 crore against ₹30.95 crore, borrowings were ₹4.02 crore against ₹3.60 crore, and cash and cash equivalents were ₹0.17 crore against a negative ₹0.40 crore.
Inventories fell from ₹18.37 crore to ₹17.58 crore, while trade receivables rose from ₹8.44 crore to ₹11.65 crore. Trade payables increased from ₹3.87 crore to ₹4.63 crore. For H1 FY27, operating cash flow was ₹0.43 crore, compared with ₹0.83 crore in H1 FY26.
Investing cash flow was negative ₹0.12 crore for H1 FY27, against negative ₹0.27 crore a year earlier, while financing cash flow was ₹0.26 crore against negative ₹2.67 crore. Capital expenditure was ₹0.33 crore in H1 FY27, compared with ₹0.50 crore in H1 FY26.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 44.26 | 41.71 |
| Total equity | 32.34 | 30.95 |
| Borrowings | 4.02 | 3.60 |
| Cash and equivalents | 0.17 | −0.40 |
| Inventories | 17.58 | 18.37 |
| Trade receivables | 11.65 | 8.44 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.43 | 0.83 |
| Cash from investing | −0.12 | −0.27 |
| Cash from financing | 0.26 | −2.67 |
| Capital expenditure | 0.33 | 0.50 |
Source: Company's results filing (XBRL).
How has Dutron Polymers done over the last 8 quarters?
Revenue rose in each of the last two quarters year on year. It reached a period high of ₹50.99 crore in Q2 FY27 after ₹27.34 crore in Q1 FY27, while the low in the supplied series was ₹19.44 crore in Q2 FY26. Net profit followed a similar direction, rising from ₹0.34 crore in Q2 FY26 to ₹1.39 crore in Q2 FY27.
EBITDA margin was highest at 6.0% in Q3 FY26 and lowest at 2.3% in Q4 FY25. It moved to 4.3% in Q2 FY27 from 4.0% in Q1 FY27, after 3.9% in Q4 FY26. Q2 FY27 net profit of ₹1.39 crore was the highest among the supplied quarters.
How did Dutron Polymers shares react?
The filing was released after market hours, with no price reaction recorded at 5, 15 or 30 minutes. On the reaction day, the stock fell 2.2% from its pre-results close, while the industry median rose 0.7%, producing a 2.9 percentage-point underperformance against the sector.
Earlier reaction-day moves were mixed: the stock rose 1.3% on 12 August 2026 and 5.0% on 12 May 2026, but fell 1.6% on 7 November 2025, 3.8% on 1 August 2025 and 2.8% on 13 May 2025. The largest listed past reaction was a 5.4% fall on 28 October 2024.
| After the filing | Stock | Plastic Products - Industrial median |
|---|---|---|
| Reaction day | −2.2% | +0.7% |
| Next day | +2.7% | +0.9% |
Minutes are measured from the price when the filing appeared; days from the previous close. Source: MarketPing price-reaction measurement.
| Results filed on | Stock on the reaction day |
|---|---|
| 12 August 2026 | +1.3% |
| 12 May 2026 | +5.0% |
| 7 November 2025 | −1.6% |
| 1 August 2025 | −3.8% |
| 13 May 2025 | −2.8% |
| 28 October 2024 | −5.4% |
| 9 August 2024 | +2.4% |
| 8 May 2024 | −3.4% |
Source: MarketPing price-reaction measurement.
How did other Plastic Products - Industrial companies do?
Sixteen other Plastic Products - Industrial companies that had filed for the quarter were compared. Their median revenue growth was 16.1%, and 16 grew slower than Dutron Polymers, while none grew faster than Dutron Polymers.
Of the 20 peers for which profit was compared, 11 reported higher profit. The peer comparison was available as of 4 November 2026.
| Dutron Polymers revenue growth (YoY) | +162.3% |
|---|---|
| Median of 16 other Plastic Products - Industrial companies | +16.1% |
| Companies with slower revenue growth than Dutron Polymers | 16 of 16 |
| Companies with faster revenue growth than Dutron Polymers | 0 of 16 |
| Companies whose net profit rose | 11 of 20 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Dutron Polymers' revenue in Q2 FY27?
Revenue from operations was ₹50.99 crore, up 162.3% from ₹19.44 crore in Q2 FY26 (standalone).
Did Dutron Polymers make a profit in Q2 FY27?
Yes. Net profit was ₹1.39 crore, against a net profit of ₹0.34 crore in Q2 FY26.
What was Dutron Polymers' EPS in Q2 FY27?
Basic earnings per share were ₹2.32, against ₹0.56 in Q2 FY26.
How did Dutron Polymers shares react to the Q2 FY27 results?
On the reaction day the stock moved −2.2% from the previous close; the median Plastic Products - Industrial stock moved +0.7%.
When did Dutron Polymers announce its Q2 FY27 results?
On 31 October 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for Intimation For Board Meeting To Be Held On Saturday, 31St October, 2026. (BSE, 26 October 2026) · PDF
- Board Meeting Outcome for Outcome Of Board Meeting Held On Saturday, 31St October, 2026 (BSE, 31 October 2026) · PDF
- Unaudited Standalone Financial Results For The Quarter And Half Year Ended On 30.09.2026 (BSE, 31 October 2026) · PDF
How this was written: every figure in the tables and charts is calculated from the company’s filed results (XBRL) and MarketPing’s price measurements. The text is drafted with AI from those figures and the filings, and a checker removes any sentence carrying a number it cannot trace to them. How we write these.
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