Aksharchem (India) LimitedQ1 FY27 Results & Financial Update

Aksharchem (India) Limited: Q1 FY27 standalone results and company financials – revenue ₹140.87 Cr, PAT ₹15.21 Cr. Explore reported YoY/QoQ movements, margins, business drivers and management commentary. This page does not provide a rating, target price or investment recommendation.

NSE: AKSHARCHEMPublished 20 Oct 2026Updated 20 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹140.87 CrReported Q1 FY27
Profit after tax₹15.21 CrReported Q1 FY27
EPS₹18.94Reported Q1 FY27

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Quarterly Results AnalysisExplore Aksharchem (India) Q1 FY27 quarterly results and earnings: revenue, profit (PAT), EBITDA, margins, YoY and QoQ growth, order book or business updates where reported, financial performance and management commentary. Reported figures and Nivata calculations are shown separately; no buy, sell or hold recommendation is provided.

Quarter overview

Quarterly earnings analysis

01

Aksharchem (India) Limited reported standalone revenue from operations of INR 140.87 crore for the quarter ended June 30, 2026, marking a significant expansion compared to INR 96.96 crore in the corresponding period of the previous year and INR 105.79 crore in the preceding quarter ended March 31, 2026.

02

Total income for Q1 FY27 stood at INR 140.90 crore, supported by other income of INR 0.03 crore, reflecting broad top-line recovery and operational scaling during the quarter.

03

Profit before tax (PBT) reached INR 15.95 crore for the quarter, recovering substantially from a pre-tax loss of INR 1.00 crore in Q4 FY26 and INR 1.03 crore in Q1 FY25-26 (reported as INR 1.03 crore PBT in Q1 FY26).

04

Net profit after tax (PAT) for Q1 FY27 was recorded at INR 15.21 crore, resulting in basic and diluted earnings per share (EPS) of INR 18.94 for the quarter, compared to INR 6.02 in the preceding quarter and INR 0.89 in the year-ago quarter.

05

Total expenses for the quarter aggregated to INR 124.96 crore. Cost of materials consumed stood at INR 84.57 crore, while purchase of stock-in-trade and changes in inventories of finished goods, work-in-progress, and stock-in-trade amounted to INR 9.17 crore and a negative inventory adjustment of INR 20.97 crore, respectively.

06

Power and fuel expenses formed a major operational cost component at INR 18.19 crore, reflecting the energy-intensive nature of chemical manufacturing, while other expenses stood at INR 23.14 crore.

07

Finance costs for the quarter were recorded at INR 2.33 crore, and depreciation and amortisation expenses stood at INR 4.37 crore.

08

Tax expenses for Q1 FY27 comprised a deferred tax charge of INR 0.74 crore, with current tax remaining nil.

01 · Business model

What does Aksharchem (India) do?

Aksharchem (India) Limited operates within the chemical manufacturing sector, producing specialized chemical products from its manufacturing facilities located in Gujarat, India.

The company's primary operational infrastructure is anchored at its Indrad and Dahej sites in Gujarat, where it manages specialized chemical processing, production, and utility management.

Aksharchem conducts its business activities under a single reportable operating segment designated as the chemical business, serving diverse industrial chemical end-markets.

02 · Historical context

What shaped the business before this quarter

VS Plant Fire Incident (May 2024)

On May 2, 2024, a fire occurred in the dry zone of the VS Plant located at Indrad, Mehsana, resulting in damage to property, plant, and equipment and inventory, for which the company previously recognized estimated losses and corresponding insurance receivables under exceptional items.

Insurance Claim Settlements (FY 2025-26)

During Q2 FY 2025-26, the company received part insurance claim settlements and final adjustments totaling INR 169.61 lakh, which were recognized as exceptional items following communication with insurers.

03 · Financial snapshot

Current-quarter financial snapshot

MetricQ1 FY27
Revenue from operations₹140.87 Cr
Total income₹140.90 Cr
Profit before tax₹15.95 Cr
Profit after tax₹15.21 Cr
EPS₹18.94

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 10.8% of reported quarterly operating revenue. This is a calculated net-profit-to-sales ratio, not a company-reported operating margin. It measures the outcome after expenses and tax; it does not, by itself, establish how margins changed versus another period.

Pre-tax earnings

Profit before tax was equivalent to 11.3% of quarterly operating revenue. The distinction between pre-tax and post-tax profit matters when interpreting earnings; neither ratio identifies an underlying cost driver without a properly matched comparative period.

Operating revenue versus total income

Total income exceeded operating revenue by ₹0.03 crore. This is the disclosed difference between the two lines, not incremental sales. The distinction matters when assessing how much of the quarter’s reported income came from the operating top line.

Ratios above are calculated from the reported quarterly figures. They are analytical descriptions, not company-reported margin guidance or an investment recommendation.

04 · Why it moved

Why the quarter looked the way it did

What drove revenue

Operational Top-Line Expansion

Standalone revenue from operations grew to INR 140.87 crore in Q1 FY27 from INR 96.96 crore in Q1 FY26 and INR 105.79 crore in Q4 FY26, driven by higher operational volumes and improved off-take in the chemical business.

Operational Revenue Expansion

Revenue from operations reached INR 140.87 crore for Q1 FY27, reflecting higher business activity compared to INR 105.79 crore in Q4 FY26 and INR 96.96 crore in Q1 FY26.

What drove margins

Material Consumption and Inventory Movement

Cost of materials consumed was INR 84.57 crore, accompanied by a negative inventory change of INR 20.97 crore for finished goods, work-in-progress, and stock-in-trade, reflecting inventory liquidation and production cycles.

Power and Fuel Costs

Power and fuel expenses amounted to INR 18.19 crore during the quarter, representing a key variable cost input for chemical manufacturing operations.

Overhead and Financing Charges

Other expenses stood at INR 23.14 crore, finance costs were registered at INR 2.33 crore, and depreciation and amortisation charges accounted for INR 4.37 crore.

Raw Material and Power Costs

Cost of materials consumed stood at INR 84.57 crore, while power and fuel expenses accounted for INR 18.19 crore during the quarter.

Inventory Movement

Changes in inventories of finished goods, work-in-progress, and stock-in-trade registered a negative INR 20.97 crore, reflecting inventory accretion during Q1 FY27.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Reportable Segment

In accordance with Ind AS 108 ('Operating Segments'), the company operates and reports under a single primary segment designated as the Chemical Business.

06 · Capacity, projects & execution

What is being built, commissioned or delivered

Capacity, production and utilisation

Solar Power Plant Commissioning

The company successfully commissioned a ground-mounted solar power plant of 2.40 MWp (DC) / 1.75 MWp (AC), amounting to INR 6.97 crore at Sardarpura, Bharuch, for captive consumption at its Dahej factory, with power generation commencing on April 24, 2026.

Projects, capex and execution

Captive Solar Installation Capex

Capital expenditure during the period included the successful operationalization of the INR 6.97 crore captive solar power facility in Bharuch to support energy requirements at the Dahej manufacturing site.

07 · Reported developments

What changed operationally

Earnings Recovery

Reported net profit for Q1 FY27 rebounded strongly to INR 15.21 crore compared to losses in preceding quarters, supported by robust revenue realization and lower tax outlays.

Captive Green Energy Integration

Commencement of commercial power generation from the new 2.40 MWp DC solar plant in Bharuch supports long-term power cost optimization for the Dahej manufacturing facility.

Profitable Quarter Performance

The company posted a net profit of INR 15.21 crore for Q1 FY27, improving significantly from a net loss in the preceding financial year end.

08 · Beyond the numbers

What changed beyond the numbers

Reported update

Statutory Auditor Review

The unaudited standalone financial results for Q1 FY27 were reviewed by statutory auditors Talati & Talati LLP and approved by the Board of Directors on August 12, 2026.

Reported update

Solar Plant GEDA Certification

Commercial generation at the newly commissioned captive solar plant commenced following the receipt of Certificate of Commissioning No. GEDA/SOL-1424/2026/05/OW/2355 from the Gujarat Energy Development Agency (GEDA).

09 · Previous-quarter changes

What changed since the previous quarter

Sequential PBT Turnaround

PBT transitioned from a loss of INR 1.00 crore in Q4 FY26 to a profit of INR 15.95 crore in Q1 FY27, driven by higher top-line performance and inventory adjustments.

Sequential Earnings Rebound

PBT rebounded from a loss of INR 1.00 crore in Q4 FY26 to a positive INR 15.95 crore in Q1 FY27.

10 · Key Q&A

The quarter, answered directly

What does Aksharchem (India) do?

Aksharchem (India) Limited operates within the chemical manufacturing sector, producing specialized chemical products from its manufacturing facilities located in Gujarat, India.

What is the clearest takeaway from Q1 FY27?

Aksharchem (India) Limited reported standalone revenue from operations of INR 140.87 crore for the quarter ended June 30, 2026, marking a significant expansion compared to INR 96.96 crore in the corresponding period of the previous year and INR 105.79 crore in the preceding quarter ended March 31, 2026.

What drove revenue or demand?

Standalone revenue from operations grew to INR 140.87 crore in Q1 FY27 from INR 96.96 crore in Q1 FY26 and INR 105.79 crore in Q4 FY26, driven by higher operational volumes and improved off-take in the chemical business.

What mattered most for margins or profitability?

Cost of materials consumed was INR 84.57 crore, accompanied by a negative inventory change of INR 20.97 crore for finished goods, work-in-progress, and stock-in-trade, reflecting inventory liquidation and production cycles.

What changed operationally beyond the headline numbers?

The company successfully commissioned a ground-mounted solar power plant of 2.40 MWp (DC) / 1.75 MWp (AC), amounting to INR 6.97 crore at Sardarpura, Bharuch, for captive consumption at its Dahej factory, with power generation commencing on April 24, 2026.

What should the next disclosure help confirm?

Monitor the ongoing operational impact of the newly commissioned captive solar plant on power and fuel expenses at the Dahej facility.

11 · Scenario calculator

Earnings sensitivity: what if growth and margins change?

Starting point

Build your own next-quarter scenario

Reported values are prefilled where a comparable basis is available. Otherwise, the field starts at 0. You can overwrite every field.

Example: enter 10 for 10% revenue growth. Enter -100 for a 1 percentage-point margin decline.

Scenario output
Scenario revenue / income₹0 cr
Scenario profit after tax₹0 cr
Profit change vs base₹0 cr (0%)
Scenario margin0%
Growth needed to keep profit flat after this margin move0%

The calculator holds the selected margin basis constant except for the basis-point adjustment you enter. It does not estimate tax, finance cost, dilution, working capital, valuation or share price.

12 · Next filing checkpoints

What the next disclosure can confirm or change

  1. 01

    Energy Cost Trends: Monitor the ongoing operational impact of the newly commissioned captive solar plant on power and fuel expenses at the Dahej facility.

  2. 02

    Sustained Margin Performance: Track subsequent quarters to assess the sustainability of revenue scale and profitability margins amidst input cost fluctuations.

  3. 03

    Captive Solar Power Savings: Monitor the operational impact and energy cost savings realized from the newly commissioned 2.40 MWp solar plant at Bharuch on power and fuel expenses.

Learn the metrics

Need the concepts first?

Use Nivata’s plain-English guides to understand the accounting terms used in this brief before interpreting them.

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