Acutaas Chemicals (ACUTAAS) Q2 25/26 earnings summary

Executive summary

• Revenue for Q2 FY26 grew 24.1% year-on-year to INR 306.2 crore (₹3,062 million), driven by advanced pharmaceutical intermediates and stable specialty chemicals performance.

• EBITDA for Q2 FY26 increased 94.8% year-on-year to ₹953 million, with PAT up 91.3% to ₹719 million.

• The company is building long-term sustainable business across diversified verticals: pharmaceutical, battery chemicals, semiconductors, cosmetics, and specialty chemicals.

• Battery chemical business has secured multiple customers globally; production to commence in Q4 FY26 post CapEx completion.

• Unaudited standalone and consolidated financial results for Q2 and H1 FY2026 were approved on October 17, 2025, with a limited review by statutory auditors confirming no material misstatements.

Financial highlights

• Q2 FY26 revenue: INR 306.2 crore (₹3,062 million), up 24.1% YOY; H1 FY26 revenue: INR 513.4 crore (₹5,134 million), up 21.3% YOY.

• Q2 FY26 gross profit: INR 170.7 crore (₹1,707 million), up 59.3% YOY; gross margin expanded to 55.8%-56%.

• Q2 FY26 EBITDA: INR 95.3 crore (₹953 million), nearly doubled YOY; EBITDA margin at 31.1%.

• Q2 FY26 PAT: INR 71.9 crore (₹719 million), up 91.3% YOY; PAT margin at 23.5%.

• Net cash and cash equivalents at INR 240.6 crore as of 30 September 2025.

• Cash from operations in H1 FY26: INR 136.5 crore.

• Basic and diluted EPS (standalone) for Q2 FY2026 were ₹8.90; for H1 FY2026, ₹14.36.

Outlook and guidance

• Revenue growth guidance for FY26 maintained at around 25%.

• EBITDA margin guidance revised to 28%-30% for FY26, expected to be sustainable in coming years due to improved product mix and operational efficiency.

• Battery chemicals and semiconductor verticals expected to be key growth drivers; electrolyte additive CapEx to be completed by Q4 FY26, with full contribution in FY27.

• The company continues to focus on custom synthesis and manufacturing of specialty chemicals for pharmaceutical APIs and related sectors.