Aksharchem (India) LimitedQ2 FY27 Results & Financial Update

Aksharchem (India) Limited: Q2 FY27 standalone results and company financials – revenue ₹160.48 Cr, PAT ₹13.32 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 19 Oct 2026Updated 19 Oct 2026~6 min read
Quarter at a glanceCurrent reported figures.Change figures appear when a comparable reported period is available.
Revenue from operations₹160.48 CrReported Q2 FY27
Profit after tax₹13.32 CrReported Q2 FY27
Sequential change-12.4%Quarter-on-quarter

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Quarterly Results AnalysisExplore Aksharchem (India) Q2 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 160.48 crore for the quarter ended September 30, 2026, marking an increase compared to INR 140.87 crore in the preceding quarter ended June 30, 2026.

02

Total income for Q2 FY27 stood at INR 160.52 crore, supported by a minor contribution of INR 0.03 crore from other income.

03

Profit before tax (PBT) for the quarter was recorded at INR 14.09 crore, reflecting a contraction compared to INR 15.95 crore reported in Q1 FY27.

04

Net profit after tax (PAT) for the current quarter stood at INR 13.32 crore, translating to basic and diluted earnings per share (EPS) of INR 16.58.

05

Total expenses for the period aggregated to INR 146.43 crore, driven primarily by raw material consumption, power and fuel costs, and other operational overheads.

06

Tax expenses for the quarter were recorded at INR 0.76 crore, comprising entirely of deferred tax adjustments as current tax remained nil.

01 · Business model

What does Aksharchem (India) do?

Aksharchem (India) Limited operates within the specialty chemicals sector, manufacturing and distributing organic and inorganic specialty chemical products.

The company's registered office and manufacturing facilities are located in Mehsana, Gujarat, serving both domestic and international markets.

Its commercial operations are structured around a single reportable operating segment categorized as the Chemical Business under Ind AS 108.

02 · Historical context

What shaped the business before this quarter

Fire Incident at VS Plant

On May 2, 2024, a fire occurred in the dry zone of the VS Plant located at Indrad, Mehsana, resulting in property, plant, and equipment damage and inventory loss amounting to INR 402.18 lakh.

Insurance Claim Realization

During Q2 FY25-26, the company received a part settlement of INR 543.16 lakh net of GST towards its insurance claim, leading to the recognition of INR 169.61 lakh as an exceptional item in that period.

03 · Financial snapshot

Current quarter vs the available comparable

MetricQ2 FY27Previous quarter
Revenue from operations₹160.48 Cr₹140.87 Cr
Total income₹160.52 Cr₹140.90 Cr
Profit before tax₹14.09 Cr₹15.95 Cr
Profit after tax₹13.32 Cr₹15.21 Cr
EPS₹16.58₹18.94

Financial interpretation

What the reported numbers mean

Profit conversion

Profit after tax represented 8.3% 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 8.8% 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

Sequential Topline Expansion

Revenue from operations advanced to INR 160.48 crore in Q2 FY27 from INR 140.87 crore in Q1 FY27, demonstrating sequential volume and realization traction.

What drove margins

Input and Utility Costs

Cost of materials consumed stood at INR 84.45 crore, while power and fuel expenses accounted for INR 17.30 crore during the quarter.

Employee and Finance Overhead

Employee benefit expenses were recorded at INR 4.49 crore, and finance costs stood at INR 2.47 crore for the quarter.

05 · Segments, products & geography

Which parts of the business are doing the work

Segments and products

Single Operating Segment

The company operates in a single reportable segment designated as the Chemical Business in accordance with Ind AS 108.

06 · Reported developments

What changed operationally

Sequential Revenue Growth

Topline grew sequentially to INR 160.48 crore alongside steady operating performance.

07 · Cash flow & balance sheet

Profit is one thing. Cash and funding tell another part of the story.

Operating cash flow₹16.00 CrH1 FY27
Capital expenditure₹6.40 CrH1 FY27
Free cash flow₹9.59 CrH1 FY27
Half-Year Operating Cash Flow

For the half year ended September 30, 2026, net cash flow generated from operating activities stood at INR 1,599.60 lakh, supported by operating profit before working capital changes of INR 4,362.18 lakh.

Investing and Financing Outflows

Net cash used in investing activities for the half year was INR 632.06 lakh, primarily driven by property, plant, and equipment purchases of INR 640.31 lakh. Net cash used in financing activities totaled INR 965.90 lakh.

Capital allocation & funding

Borrowings Structure

As of September 30, 2026, non-current borrowings stood at INR 15.09 crore, while current borrowings were recorded at INR 88.68 crore.

08 · Beyond the numbers

What changed beyond the numbers

Reported update

Board and Management Changes

The Board approved the re-appointment and designation of Mr. Munjal M. Jaykrishna as Managing Director & CEO for a three-year term effective October 19, 2026, and the re-appointment of Mr. Sachin M. Jaykrishna as Whole Time Director effective August 02, 2027.

09 · Previous-quarter changes

What changed since the previous quarter

Sequential Earnings Movement

Revenue rose from INR 140.87 crore in Q1 FY27 to INR 160.48 crore in Q2 FY27, whereas net profit moderated from INR 15.21 crore to INR 13.32 crore over the same period.

10 · Key Q&A

The quarter, answered directly

What does Aksharchem (India) do?

Aksharchem (India) Limited operates within the specialty chemicals sector, manufacturing and distributing organic and inorganic specialty chemical products.

What is the clearest takeaway from Q2 FY27?

Aksharchem (India) Limited reported standalone revenue from operations of INR 160.48 crore for the quarter ended September 30, 2026, marking an increase compared to INR 140.87 crore in the preceding quarter ended June 30, 2026.

What drove revenue or demand?

Revenue from operations advanced to INR 160.48 crore in Q2 FY27 from INR 140.87 crore in Q1 FY27, demonstrating sequential volume and realization traction.

What mattered most for margins or profitability?

Cost of materials consumed stood at INR 84.45 crore, while power and fuel expenses accounted for INR 17.30 crore during the quarter.

What changed operationally beyond the headline numbers?

The Board approved the re-appointment and designation of Mr. Munjal M. Jaykrishna as Managing Director & CEO for a three-year term effective October 19, 2026, and the re-appointment of Mr. Sachin M. Jaykrishna as Whole Time Director effective August 02, 2027.

What should the next disclosure help confirm?

Track capital expenditure progress reflected in capital work-in-progress standing at INR 4.58 crore as of September 30, 2026.

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

    Execution of Capital Projects: Track capital expenditure progress reflected in capital work-in-progress standing at INR 4.58 crore as of September 30, 2026.

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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