Results - Announcements
Indo Borax & Chemicals Ltd share price softened by 2.56% to Rs 425.1 after the company's net profit tanked by 70.77% to Rs 4.75 crore, while revenue from operations reduced 16.23% to Rs 58.94 crore in Q2FY27 over Q2FY26.
The market capitalization of Commodity Chemicals industry group stocks on BSE stood at Rs 1.66 lakh crore, heading higher 11.49%. It has inched up 3.47% over last one week and eased lower by 7.40% in last one month while the market capitalization of Indo Borax & Chemicals Ltd has marginally improved by 9.21% and 5.89% in the same period respectively.
Profit before tax (PBT) of Indo Borax & Chemicals Ltd stood at Rs 7.79 crore in Q2 FY27, plunging by 65.45% year-on-year, and tumbling by 64.59% quarter-on-quarter. EBITDA came in at Rs 3 crore, nosediving by 142.28% YoY and tanking 117.00% sequentially.
Total expenses rose by 13.86% to Rs 57.91 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 40.61 crore, going up by 15.43% YoY, while employee benefits expense was at Rs 10.06 crore, witnessing a strong rise of 96.48% YoY.
For FY26, revenue from operations witnessed a strong growth of 22.93% to Rs 215.45 crore, while net profit registered a growth of 18.25% to Rs 50.27 crore, compared to previous FY. EBITDA jumped by 2982% to Rs 28.72 crore, and PBT expanded by 13.40% to Rs 66.52 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 87.15 crore in FY26, as against Rs 104.47 crore in FY25.
Indo Borax & Chemicals Ltd soared by 76.98% in last one year, significantly outperforming the benchmark BSE Sensex which has slipped by 4.80% during the same period.