Vinati Organics (524200) Q1 26/27 earnings summary

Executive summary

• Revenue grew by 28% in the first quarter, driven by rupee depreciation and higher export volumes, especially in antioxidants and new products.

• EBITDA increased by 7%, with margin compression due to higher raw material costs linked to Middle East conflict.

• Net profit rose by 4.5% year-over-year.

• Unaudited standalone and consolidated financial results for the quarter ended June 30, 2026, were approved and reviewed by the Board and statutory auditors.

• Both standalone and consolidated results reflect continued operations in the chemical manufacturing sector.

Financial highlights

• Standalone revenue from operations for Q1 FY27 was ₹697.75 crore, up from ₹542.26 crore in Q1 FY26.

• Standalone net profit for Q1 FY27 was ₹123.56 crore, compared to ₹112.78 crore in Q1 FY26.

• EBITDA margin for the quarter was around 26%, in line with guidance.

• 55% of revenue comes from exports, benefiting from currency movements.

• Consolidated revenue from operations for Q1 FY27 was ₹695.91 crore, up from ₹541.97 crore in Q1 FY26.

Outlook and guidance

• Confident in maintaining 26%-27% EBITDA margin for the year, supported by product mix and capacity expansion.

• Second half expected to outperform first half, with anticipated demand recovery in ATBS and new revenue from Veeral Organics.

• Projected overall volume and revenue growth of at least 15% for the year.

• Veeral Organics expected to contribute about INR 150 crores in FY 2028.