Prasol Chemicals Limited announced a record quarterly revenue of ₹413 crore for the second quarter of FY27, marking a substantial 38.6% year-on-year growth. The company also reported significant EBITDA growth of 86.1% to ₹58 crore and profit after tax of ₹38 crore, up 122.2%. This strong performance was driven by higher realisations and single-digit volume growth in the domestic business, positioning the company well for its full-year targets.
Prasol Chemicals Achieves Record Q2 FY27 Performance
Prasol Chemicals Limited has announced exceptional results for the second quarter of the fiscal year 2027 (Q2 FY27), reporting a record revenue of ₹413 crore. This represents a significant year-on-year growth of 38.6%, primarily driven by higher realisations and a healthy single-digit volume growth in its domestic operations. The company highlighted that this quarter’s performance is one of its best ever.
Strong Profitability Growth
The company’s Earnings Before Interest, Taxes, Depreciation, and Amortisation (EBITDA) saw a robust increase of 86.1%, reaching ₹58 crore in Q2 FY27. Profit after tax also surged by 122.2% to ₹38 crore. For the first half of FY27 (H1 FY27), revenue stood at ₹846 crore (up 37.1% YoY), with EBITDA at ₹148 crore (up 106% YoY) and profit after tax at ₹99 crore (up 138.9% YoY).
Operational Highlights and Future Outlook
Nishith Shah, Chairman and Whole-Time Director, reiterated that the company’s figures now exclude an exceptional gain of ₹25 crore from inventory gains in Q1 FY27. The company is targeting an annual revenue of ₹1,550 to ₹1,650 crore and an EBITDA of ₹240 to ₹250 crore for FY27, excluding geopolitical and forex fluctuations. Expansion plans, including Phase 1 investments of approximately ₹250 to ₹300 crore, are progressing as planned, with about 25% to 30% of envisaged expansion products expected to be completed by next year.
Key Financial Details
Rahul Shroff, Chief Financial Officer, detailed that the revenue growth in Q2 was driven by higher realisations and single-digit volume growth in domestic business. The company has also initiated a ₹2.5 to ₹3 crore investment in a continuous cable to its Mahad plant to ensure stable power supply, aiming to reduce current electricity costs of INR9 to INR9.50 per unit. The company is focused on profitable growth, cash generation, and prudent capital allocation, with a long-term vision to scale the business to around ₹2,800 to ₹3,000 crore in the next five years.
Source: BSE
