Vipul Organics Q2FY27 Revenue Rises 56.12% to ₹61.92 Crore
Vipul Organics Limited, a BSE-listed specialty chemicals company operating in the pigments and dyes segment, has announced its financial results for the second quarter and half year of FY2026-27. The company reported strong year-on-year growth in revenue, profit before tax (PBT) and profit after tax (PAT) for the quarter ended 30 September 2026.
On a standalone basis, Q2FY27 revenue reached ₹6,192.43 lakh, marking a 56.12% increase compared with ₹3,966.36 lakh in Q2FY26. Meanwhile, PBT rose 19.23% to ₹284.85 lakh from ₹238.90 lakh. PAT also increased by 22.20% to ₹221.57 lakh, compared with ₹181.32 lakh in the corresponding quarter last year.
Q2FY27 Performance: Year-on-Year and Quarter-on-Quarter
On a quarter-on-quarter basis, revenue increased by 18.69% from ₹5,217.52 lakh in Q1FY27 to ₹6,192.43 lakh in Q2FY27.
However, PBT declined by 17.34% to ₹284.85 lakh from ₹344.62 lakh in the previous quarter. Similarly, PAT fell by 12.29% from ₹252.62 lakh to ₹221.57 lakh.
The consolidated results followed a similar trend. Q2FY27 consolidated revenue stood at ₹6,192.43 lakh, compared with ₹3,966.36 lakh in Q2FY26. Consolidated PBT reached ₹284.26 lakh, while PAT stood at ₹220.98 lakh.
Half-Yearly Results Show Strong Growth
For the half year ended 30 September 2026, Vipul Organics reported a 47.51% increase in revenue to ₹11,409.95 lakh, compared with ₹7,735.17 lakh in the corresponding period of the previous financial year.
PBT increased by 56.94% to ₹629.47 lakh from ₹401.10 lakh. In addition, PAT rose by 53.85% to ₹474.18 lakh, compared with ₹308.20 lakh in H1FY26.
On a consolidated basis, half-year revenue also stood at ₹11,409.95 lakh. Consolidated PBT reached ₹628.73 lakh, while PAT increased to ₹473.44 lakh.
Sayakha Facility Progress and Growth Outlook
Commenting on the company’s performance, Mr. Vipul Shah, Chairman and Managing Director of Vipul Organics Limited, said:
“We are pleased to report record revenues for the second quarter, reflecting the direct results of strategic optimization initiatives & the rollout of new product lines that we have been executing over the past two years.
During this period, our Sayakha facility was operational for approximately 40 days as we gradually scaled production. While this transitional phase created a temporary mismatch between expenses and revenues that marginally impacted our bottom line, we are well-positioned moving forward. Production lines are progressively coming online in Q3, putting us on track to near 100% capacity utilization by quarter-end and normalization of margins.
Despite macroeconomic challenges, industry tailwinds are beginning to emerge. Our Membrane division remains on schedule to begin trial production for its expanded capacity in Q4. Backed by ongoing R&D investments and a strengthened senior leadership team, Vipul Organics is well-positioned for sustained, accelerated growth.”
