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Vikram Aroma Q2 FY27 results: net profit ₹0.93 crore vs ₹0.57 crore loss, revenue up 113.1%
Vikram Aroma Ltd reported standalone revenue of ₹12.81 crore in Q2 FY27, up 113.1% from Q2 FY26, with EBITDA of ₹1.50 crore and a net profit of ₹0.93 crore. Against Q1 FY27, revenue rose 141.2%, while EBITDA and profit declined from ₹1.69 crore and ₹0.98 crore, respectively.
Key points
- Q2 FY27 standalone revenue was ₹12.81 crore, up 113.1% from Q2 FY26 and 141.2% from Q1 FY27.
- EBITDA was ₹1.50 crore, compared with a loss of ₹0.32 crore in Q2 FY26 and ₹1.69 crore in Q1 FY27; the Q2 FY27 EBITDA margin was 11.7%.
- Net profit was ₹0.93 crore, versus a loss of ₹0.57 crore in Q2 FY26 and profit of ₹0.98 crore in Q1 FY27; basic EPS was ₹2.95.
- In H1 FY27, revenue was ₹18.12 crore, up 63.2% from H1 FY26, while profit before tax was ₹2.54 crore and net profit was ₹1.91 crore.
- Total assets increased to ₹39.69 crore as on 30 September 2026 from ₹34.03 crore as on 31 March 2026, while cash and cash equivalents were ₹0.13 crore.
How did Vikram Aroma perform in Q2 FY27?
Vikram Aroma’s standalone revenue for Q2 FY27 was ₹12.81 crore, compared with ₹6.01 crore in Q2 FY26 and ₹5.31 crore in Q1 FY27. EBITDA was ₹1.50 crore, against a loss of ₹0.32 crore a year earlier and ₹1.69 crore in the previous quarter; the EBITDA margin was 11.7%, compared with -5.4% and 31.8%, respectively.
Profit before tax was ₹1.20 crore in Q2 FY27, compared with a loss of ₹0.69 crore in Q2 FY26 and profit of ₹1.34 crore in Q1 FY27. Net profit was ₹0.93 crore, versus a loss of ₹0.57 crore a year earlier and profit of ₹0.98 crore in the previous quarter. Basic EPS was ₹2.95, compared with -₹1.81 and ₹3.14.
| ₹ crore | Q2 FY27 | Q1 FY27 | Q2 FY26 | YoY | QoQ |
|---|---|---|---|---|---|
| Revenue from operations | 12.81 | 5.31 | 6.01 | +113.1% | +141.2% |
| Other income | 0.14 | 0.08 | 0.06 | +133.3% | +75.0% |
| Total expenses | 11.75 | 4.05 | 6.76 | +73.8% | +190.1% |
| EBITDA | 1.50 | 1.69 | −0.32 | turned to profit | −11.2% |
| EBITDA margin | 11.7% | 31.8% | -5.4% | +17.1 pp | −20.1 pp |
| Profit before tax | 1.20 | 1.34 | −0.69 | turned to profit | −10.4% |
| Tax | 0.28 | 0.36 | −0.12 | −22.2% | |
| Net profit | 0.93 | 0.98 | −0.57 | turned to profit | −5.1% |
| EPS (₹) | 2.95 | 3.14 | −1.81 | turned to profit | −6.1% |
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 Vikram Aroma's costs and profit?
Total expenses were ₹11.75 crore in Q2 FY27, up ₹4.99 crore from ₹6.76 crore in Q2 FY26. Cost of materials consumed increased ₹4.12 crore to ₹6.85 crore, while other expenses rose ₹0.33 crore to ₹1.43 crore; employee cost, finance costs and depreciation increased ₹0.02 crore, ₹0.01 crore and ₹0.01 crore, respectively.
Other income increased ₹0.08 crore to ₹0.14 crore from Q2 FY26, while tax moved from ₹0.12 crore in the year-ago quarter to ₹0.28 crore in Q2 FY27. There was no exceptional item. The filing does not state a specific operational reason for the changes in costs and other income.
| ₹ crore | Q2 FY27 | Q2 FY26 | Change | Change % |
|---|---|---|---|---|
| Cost of materials | 6.85 | 2.73 | +4.12 | +150.9% |
| Employee cost | 0.43 | 0.41 | +0.02 | +4.9% |
| Finance costs | 0.14 | 0.13 | +0.01 | +7.7% |
| Depreciation | 0.30 | 0.29 | +0.01 | +3.4% |
| Other expenses | 1.43 | 1.10 | +0.33 | +30.0% |
| Total expenses | 11.75 | 6.76 | +4.99 | +73.8% |
| Other income | 0.14 | 0.06 | +0.08 | +133.3% |
| Tax | 0.28 | −0.12 | +0.40 |
Source: Company's results filing (XBRL).
How did the first half of FY27 go?
For H1 FY27, standalone revenue was ₹18.12 crore, compared with ₹11.1 crore in H1 FY26. Total income was ₹18.33 crore against ₹11.19 crore, and profit before tax was ₹2.54 crore compared with a loss of ₹0.64 crore in the year-ago period.
Net profit for H1 FY27 was ₹1.91 crore, compared with a loss of ₹0.50 crore in H1 FY26. Basic EPS was ₹6.09, compared with -₹1.61.
| ₹ crore | H1 FY27 | H1 FY26 | Change |
|---|---|---|---|
| Revenue from operations | 18.12 | 11.10 | +63.2% |
| Profit before tax | 2.54 | −0.64 | turned to profit |
| Net profit | 1.91 | −0.50 | turned to profit |
| EPS (₹) | 6.09 | −1.61 |
Source: Company's results filing (XBRL).
What do the balance sheet and cash flow show?
As on 30 September 2026, total assets were ₹39.69 crore, compared with ₹34.03 crore as on 31 March 2026. Total equity was ₹22.95 crore against ₹21.04 crore, while borrowings were ₹3.37 crore against ₹3.08 crore. Cash and cash equivalents were ₹0.13 crore, compared with ₹0.15 crore.
Inventories increased to ₹5.54 crore from ₹5.02 crore, trade receivables to ₹9.84 crore from ₹4.89 crore, and trade payables to ₹12.08 crore from ₹8.81 crore. For H1 FY27, cash from operating activities was ₹0.48 crore, compared with ₹4.04 crore in H1 FY26; investing cash flow was an outflow of ₹0.52 crore against an outflow of ₹1.77 crore, and financing cash flow was ₹0.02 crore against an outflow of ₹2.29 crore. Capital expenditure was ₹0.54 crore versus ₹1.80 crore.
| ₹ crore | As of 30 September 2026 | As of 31 March 2026 |
|---|---|---|
| Total assets | 39.69 | 34.03 |
| Total equity | 22.95 | 21.04 |
| Borrowings | 3.37 | 3.08 |
| Cash and equivalents | 0.13 | 0.15 |
| Inventories | 5.54 | 5.02 |
| Trade receivables | 9.84 | 4.89 |
Source: Company's results filing (XBRL).
| ₹ crore | H1 FY27 | H1 FY26 |
|---|---|---|
| Cash from operations | 0.48 | 4.04 |
| Cash from investing | −0.52 | −1.77 |
| Cash from financing | 0.02 | −2.29 |
| Capital expenditure | 0.54 | 1.80 |
Source: Company's results filing (XBRL).
How has Vikram Aroma done over the last 8 quarters?
Revenue rose in each of the last three quarters year on year. It reached ₹12.81 crore in Q2 FY27, above ₹7.39 crore in Q4 FY26 and the recent low of ₹4.76 crore in Q3 FY26.
Net profit was ₹0.93 crore in Q2 FY27, below the recent peak of ₹0.98 crore in Q1 FY27 and above the low of ₹0.61 crore in Q4 FY25. EBITDA margin eased to 11.7% from 31.8% in Q1 FY27 but remained above the 4.0% recorded in Q4 FY26.
How did Vikram Aroma shares react?
The filing was made in market, and the stock was up 3.9% on the reaction day from its pre-results close of ₹90.51. It fell 2.4% after five minutes, was unchanged after 15 minutes, and rose 1.6% after 30 minutes. The Specialty Chemicals sector’s median move was 1.3%, leaving Vikram Aroma 2.6 percentage points ahead on the reaction day.
Earlier reaction-day moves were 14.1% on 11 August 2026, 4.5% on 26 May 2026, -1.9% on 10 February 2026, 2.7% on 11 November 2025, 0.0% on 12 August 2025 and -2.0% on 26 May 2025. One-day and five-day reaction data were not available.
| After the filing | Stock | Specialty Chemicals median |
|---|---|---|
| 5 minutes | −2.4% | |
| 15 minutes | −0.0% | |
| 30 minutes | +1.6% | |
| Reaction day | +3.9% | +1.3% |
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 |
|---|---|
| 11 August 2026 | +14.1% |
| 26 May 2026 | +4.5% |
| 10 February 2026 | −1.9% |
| 11 November 2025 | +2.7% |
| 12 August 2025 | +0.0% |
| 26 May 2025 | −2.0% |
Source: MarketPing price-reaction measurement.
How did other Specialty Chemicals companies do?
Among 57 Specialty Chemicals peers that had filed for the quarter as of 5 November 2026, the median revenue growth was 28.1%. Of the peers compared on revenue growth, 50 grew slower than Vikram Aroma and 7 grew faster; Vikram Aroma’s revenue growth was 113.1%.
Of the 53 peers compared on profit, 46 reported higher profit.
| Vikram Aroma revenue growth (YoY) | +113.1% |
|---|---|
| Median of 57 other Specialty Chemicals companies | +28.1% |
| Companies with slower revenue growth than Vikram Aroma | 50 of 57 |
| Companies with faster revenue growth than Vikram Aroma | 7 of 57 |
| Companies whose net profit rose | 46 of 53 |
Source: Filed results (XBRL) of the industry's companies.
Quick answers
What was Vikram Aroma's revenue in Q2 FY27?
Revenue from operations was ₹12.81 crore, up 113.1% from ₹6.01 crore in Q2 FY26 (standalone).
Did Vikram Aroma make a profit in Q2 FY27?
Yes. Net profit was ₹0.93 crore, against a net loss of ₹0.57 crore in Q2 FY26.
What was Vikram Aroma's EPS in Q2 FY27?
Basic earnings per share were ₹2.95, against a loss of ₹1.81 in Q2 FY26.
How did Vikram Aroma shares react to the Q2 FY27 results?
On the reaction day the stock moved +3.9% from the previous close; the median Specialty Chemicals stock moved +1.3%.
When did Vikram Aroma announce its Q2 FY27 results?
On 4 November 2026, in a filing to the BSE.
Sources
- Board Meeting Intimation for INTIMATION OF BOARD MEETING UNDER REGULATION 29(1)(A) OF SEBI (LISTING OBLIGATIONS AND DISCLOSURE REQUIREMENTS) REGULATIONS 2015. (BSE, 16 October 2026) · PDF
- Board Meeting Outcome for OUTCOME OF MEETING (BSE, 4 November 2026) · PDF
- COMPLIANCE OF REGULATION 33 OF SECURITIES AND EXCHANGE BOARD OF INDIA (LISTING OBLIGATIONS AND DISCLOSURES REQUIREMENTS) REGULATIONS, 2015 FOR M/S. VIKRAM AROMA LIMITED. (BSE, 4 November 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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