Chemplast Sanmar (CHEMPLASTS) Q2 26/27 earnings summary

Executive summary

• Q2 FY27 consolidated revenue was ₹1,323.21 crore, up 28% YoY; EBITDA was ₹111 crore and net loss narrowed to ₹5.45 crore from ₹51.04 crore.

• H1 FY27 revenue was ₹2,447.87 crore, up 15% YoY; EBITDA loss was ₹115 crore and net loss widened to ₹181.03 crore.

• Statutory auditors issued unmodified limited-review reports on the unaudited standalone and consolidated results.

Financial highlights

• Q2 consolidated loss before exceptional items and tax was ₹8.51 crore versus ₹62.19 crore; H1 loss was ₹240.77 crore versus ₹148.60 crore.

• Standalone Q2 revenue rose 11% YoY to ₹622.14 crore; EBITDA was ₹52 crore versus ₹18 crore, and net loss was ₹11.48 crore versus ₹35.53 crore.

• H1 standalone revenue was ₹1,214.46 crore versus ₹1,053.40 crore; net loss narrowed to ₹60.77 crore from ₹63.95 crore.

• Consolidated Q2 EBITDA margin was 8%; standalone EBITDA margin was 8% versus 3% in Q2 FY26.

Outlook and guidance

• Paste PVC demand is expected to remain healthy through the festive period; new grades developed using existing infrastructure aim to expand volumes.

• CMCD order commitments are nearly full for FY27 sales; management expects a strong Q4 and remains focused on its ₹1,000 crore revenue target for next year.

• R-32 capacity of 20 kt is expected to be fully operational by Q4 FY27, with commercial operations expected by FY27-end.

• Civil and infrastructure work for the next CMCD multipurpose block is targeted for completion by Q3 FY27; no specific bottom-line guidance was given.