Results - Announcements
Indian Acrylics Ltd share price gained 3.26% to Rs 5.39. The Company's net profit tanked by 66.47% to Rs 0.56 crore, while revenue from operations slipped 12.72% to Rs 93.34 crore in Q2FY27 over Q2FY26.
The market capitalization of Petrochemicals industry group stocks on BSE stood at Rs 38301.94 crore, advancing by 11%. It has slipped by 2.23% over last one week and fell by 9.85% in last one month while the market capitalization of Indian Acrylics Ltd has marginally improved by 6.53% and 8.33% in the same period respectively.
Profit before tax (PBT) of Indian Acrylics Ltd stood at Rs 0.56 crore in Q2 FY27, tumbling by 90.26% year-on-year, and nosediving by 66.47% quarter-on-quarter. EBITDA came in at Rs 5 crore, crashing by 414.38% YoY and rallying 371.57% sequentially.
Total expenses softened by 7.61% to Rs 99.77 crore in Q2FY27 over Q2FY26. During the quarter, cost of materials consumed stood at Rs 61.69 crore, plunging by 23.30% YoY, while employee benefits expense was at Rs 13.33 crore, registering a growth of 11.74% YoY.
For FY26, revenue from operations eased 9.67% to Rs 351.68 crore, while net profit witnessed a sharp fall of 21.96% to Rs 24.09 crore, compared to previous FY. EBITDA saw a sharp decline of 1230% to Rs 7.04 crore, and PBT tumbled by 21.96% to Rs 24.09 crore compared to previous FY.
The company's consolidated net cash flow from operating activities stood at Rs 29.83 crore in FY26, as against Rs 9.56 crore in FY25.
Indian Acrylics Ltd crashed 25.85% in last one year, underperforming the benchmark BSE Sensex which has softened by 2.37% during the same period.