Elantas Beck India Q2 FY27 Results: Standalone Net Profit ₹45.55 Crore on Total Income of ₹272 Crore

Earnings
Specialty chemicals

Blacklitt Research28 October 20262 min read

A chemical plant at night with illuminated process towers, pipework and billowing white steam. — Rjendrzejewski, via Wikimedia Commons (CC0). Illustrative image.

Elantas Beck India (NSE: ELANTAS) reported total income of ₹271.79 crore and net profit of ₹45.55 crore for the quarter ended 30 Sep 2026, standalone, it said in a filing on 28 Oct 2026. Net profit rose 25.6% from a year earlier, and the board also approved nine-month results.

Key highlights

Standalone

The company on its own, without its subsidiaries

Total income: ₹271.79 crore, up 21.5% YoY and down 10.2% QoQ
Net profit: ₹45.55 crore, up 25.6% YoY and down 35.7% QoQ
EPS: ₹57.45 basic and diluted, not annualised
Other income: ₹6.48 crore, down 10.0% YoY and 66.4% QoQ

Summary

Standalone ₹ crore
Particulars	Q2 FY27	Q2 FY26	YoY	Q1 FY27	QoQ
	271.79	223.74	+21.5%	302.66	-10.2%
Revenue from operations	265.31	216.55	+22.5%	283.39	-6.4%
Other income	6.48	7.20	-10.0%	19.27	-66.4%
	45.55	36.26	+25.6%	70.86	-35.7%
Profit before tax	60.97	48.56	+25.6%	94.88	-35.7%
Finance costs	0.15	0.15	+0.6%	0.12	+31.2%
Depreciation	6.24	5.67	+10.1%	5.98	+4.3%
Tax expense	15.42	12.30	+25.4%	24.02	-35.8%
Net profit margin	16.76%	16.20%	+0.55 pp	23.41%	-6.66 pp
EPS, basic (₹)	57.45	45.74	+25.6%	89.39	-35.7%

Figures are in ₹ crore; YoY compares with Q2 FY26 and QoQ with Q1 FY27. Click Total income or Net profit to see the rows behind them.

Net profit grew faster than total income in the year-on-year comparison. Net profit rose 25.6% to ₹45.55 crore while total income rose 21.5% to ₹271.79 crore, and profit before tax moved in line with net profit at 25.6%. Revenue from operations, up 22.5% to ₹265.31 crore, accounted for most of the income growth, while other income fell 10.0% to ₹6.48 crore.

Against the previous quarter the picture is different. Net profit fell 35.7% to ₹45.55 crore, more than total income's 10.2% decline to ₹271.79 crore. Other income was ₹6.48 crore, or 2.4% of total income, against ₹19.27 crore in Q1 FY27. The tax expense of ₹15.42 crore is 25.3% of profit before tax of ₹60.97 crore, and the effective tax rate for the quarter is in line with the figures shown.

Finance costs are small at ₹0.15 crore, or 0.1% of total income, and depreciation of ₹6.24 crore is 2.3% of total income.

The filing records a Gujarat Pollution Control Board order directing closure of the Ankleshwar operations on 6 Mar 2019 over suspected groundwater contamination. The board granted temporary revocation through later orders until 3 Oct 2026, the company applied for permanent revocation on 17 Aug 2026, and it received the permanent revocation order on 27 Oct 2026. The filing does not state the financial impact of this order on results.

The company reports two segments, Electrical Insulations and Engineering & Electronic Resins and Materials.

Inference

The filing reports a board approval of the results on 28 Oct 2026 and a limited review by the statutory auditors with an unmodified conclusion. The paid-up equity share capital is ₹7.93 crore at a face value of ₹10 each, and other equity stands at ₹1,000.28 crore.

The filing does not say why other income fell sharply from the previous quarter, or why net profit fell 35.7% QoQ. It also does not give the financial effect of the permanent revocation of the Ankleshwar closure order.

Reference: Original filing (PDF)

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