Epigral Limited announced its Q3 FY26 financial results, reporting revenue of ₹ 603 Crore. Despite a slight decrease from the previous year, the company anticipates improved performance in the coming quarter. Capacity expansion projects are on track, expected to drive future growth. Epigral is committed to scalable and profitable growth while enhancing stakeholder value. The company’s Q3 FY26 PAT stood at ₹ 39 Crore.
Financial Performance Overview
Epigral Limited reported a revenue of ₹ 603 Crore for Q3 FY26, compared to ₹ 649 Crore in Q3 FY25. The company’s PAT stood at ₹ 39 Crore compared to ₹ 104 Crore in Q3 FY25. While the quarter saw some softening in demand due to extended monsoon conditions, the market has since strengthened, and positive momentum is expected to continue.
Key Financial Highlights for Q3 FY26
- Plant utilization stood at 78%, consistent with the previous quarter.
- Quarter-over-quarter revenue increased by 2% to ₹ 603 Cr, with 52% from Derivatives and Specialty business.
- EBITDA margin was 17% compared to 23% in Q2FY26, influenced by drop in realizations and increased raw material costs.
9MFY26 Performance Snapshot
- Plant utilization stood at 76% compared to 82% in 9MFY25.
- Revenue dropped by 7% to ₹ 1,807 Cr, with 51% revenue from Derivatives & Specialty business.
- EBITDA margin stood at 22% vs 28% in 9MFY25 because of drop in realizations and rise in raw material prices.
- Net Debt stood at ₹ 557 Cr compared to ₹ 521 Cr as of December 31, 2025.
- ROCE stood at 17%, with Net Debt/EBITDA at 1.0x.
Strategic Initiatives and Outlook
Epigral is actively progressing with capacity expansion projects for CPVC, Epichlorohydrin, and a Wind Solar Hybrid Power Plant. These projects are on schedule and expected to drive growth from FY27 onward. The company spent ₹ 337 Cr on capex in 9MFY26. Epigral’s capex plans are moving as scheduled and are expected to be commissioned within the timeline and budget.
Capacity Expansion Plans
- CPVC Resin capacity will reach 1,50,000 TPA by adding 75,000 TPA.
- Epichlorohydrin capacity will reach 1,00,000 TPA by adding 50,000 TPA.
- Wind Solar Hybrid Power Plant capacity will reach 38.14 MW by adding 19.80 MW.
Source: BSE
